$558,000 - 5 Soudan Avenue Unit 1508, Leaside
New Construction for Sale in Leaside
158 days on market- MLS Number
- C12738348
- Property Type
- New Construction
- Status
- active
- Days on Site
- 158
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Leaside / Davisville
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- FIRST CLASS REALTY INC.
Live in modern luxury at the award-winning Art Shoppe Lofts + Condos, ideally located in the heart of Midtown right on Yonge Street. From the moment you step inside, you're greeted by soaring 10-foot ceilings-a rare feature available on only select floors-enhancing the sense of space and light throughout this well-designed 569 sq. ft. open-concept suite.Floor-to-ceiling windows flood the unit with natural light, while the sleek modern kitchen impresses with built-in appliances, soft close cabinetry, quartz waterfall centre island with upgraded matching backsplash, and under-cabinet lighting. A versatile media alcove offers endless possibilities: a work-from-home nook with custom desk and shelving, additional storage or pantry extension, a bar or coffee station, pet zone, or music nook.The extra-long living area comfortably accommodates an oversized sofa-perfect for entertaining-and flows seamlessly to the balcony, where you can enjoy sweeping city views. Unwind in the spa-like bathroom featuring a deep soaking tub, then retreat to the spacious bedroom with an extra-large closet for a restful night's sleep.Ultimate convenience awaits with Farm Boy and Staples located directly on P1, and Eglinton subway station just a 2-minute walk away. Steps to restaurants, bars, shopping, GoodLife Fitness, Cineplex, and more.Enjoy exceptional 5-star amenities, including a rooftop infinity pool, sun deck, hot tub, cardio room, weights room, yoga studio, wine tasting room, sauna, theatre, party room, residents lounge, kids playroom, billiards room, and rooftop BBQ terrace.
Estimate your monthly payments for this property
Estimated Payment
$2,862.83/mo
Includes CMHC insurance ($15,568)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Leaside / Davisville
Leaside / Davisville is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Leaside / Davisville
- •Convenient location in Leaside / Davisville
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Leaside / Davisville offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
5 Soudan Avenue Unit 1508, Leaside / Davisville
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1116/sqft, this property is priced in line with current Leaside market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 158 days on site, this property has exceeded the typical selling timeline for Leaside. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Efficient Living
At 500 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Leaside properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,325 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.