$1,995,000 - 500 Avenue Road Unit 807, Yorkville
Condo for Sale in Yorkville
160 days on market- MLS Number
- C12732070
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,800 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM
Welcome to Suite 807 at 500 Avenue Road, a beautifully maintained, light-filled corner suite in one of Toronto's most sought-after midtown addresses. With unobstructed west views over Forest Hill, and south views of the city skyline, including the CN Tower, this residence offers an exceptional blend of space, comfort, and location. Offering over 1,800 square feet of bright living space, this suite features three oversized bedrooms, three full bathrooms, and an intelligent split-bedroom layout, providing privacy and flexibility. Each bedroom is generously sized with ample closet space, offering endless potential to customize to your needs. The spacious kitchen includes abundant cabinetry, full-sized appliances, extensive counter space, and a built-in pantry. The spacious living and dining areas are ideal for entertaining, with expansive windows that capture the sun all day. Enjoy the spectacular views from your private, covered balcony. This suite has been lovingly cared for and is in impeccable condition. Highlights include hardwood floors throughout, in-suite laundry, one parking space, and a storage locker. Located in a well-managed building just steps from top schools, parks, transit, and the high-end shops and restaurants at Avenue and St Clair and Yonge and St Clair. With wonderful concierges and valet parking, this is a rare opportunity to own a luxurious turnkey home in a prime location.
Estimate your monthly payments for this property
Estimated Payment
$8,824.56/mo
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 Annex / Yorkville / Summerhill
Annex / Yorkville / Summerhill 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 Annex / Yorkville / Summerhill
- •Convenient location in Annex / Yorkville / Summerhill
- •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
Annex / Yorkville / Summerhill 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.
500 Avenue Road Unit 807, Annex / Yorkville / Summerhill
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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 $1108/sqft, this property is priced in line with current Yorkville 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 160 days on site, this property has exceeded the typical selling timeline for Yorkville. 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Yorkville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $8,313 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.