$495,000 - 581 Avenue Rd Road Unit 501, Yorkville
Condo for Sale in Yorkville
160 days on market- MLS Number
- C12616236
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Ensuite
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
This is an exceptional opportunity. There has not been a single unit in the building sold at this price since 2017! Discover an exceptional opportunity to own a spacious 2-bedroom, 2-bathroom suite in one of Toronto's most prestigious and vibrant neighbourhoods Deer Park. This inviting co-op residence offers unbeatable value, allowing buyers to secure a coveted address at a bargain price compared to nearby condos and houses. Priced well below market to reflect the monthly maintenance fees. Monthly fee includes everything: approximately $1,300 for core maintenance, plus property taxes, exclusive use parking, cable and high speed internet already bundled, for a total of about $1,700/month, so owners avoid paying these common expenses separately as in a typical condo.. This presents a rare opportunity to own in a superb location at an affordable entry cost with the price offsetting the elevated fees. Don't miss this opportunity! Enjoy a seamless urban lifestyle just steps from Yonge & St. Clair's top-tier dining, shopping, transit, and abundant green spaces. Whether relaxing in elegant living spaces or exploring the dynamic local scene, this home combines comfort and convenience in an exclusive setting. Enjoy city living at its finest don't miss your chance to move in and make it yours....Note, buyer must be Board approved - allow15 days.
Estimate your monthly payments for this property
Estimated Payment
$2,539.61/mo
Includes CMHC insurance ($13,811)
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.
581 Avenue Rd Road Unit 501, Annex / Yorkville / Summerhill
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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
Competitive Pricing
At $495/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
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.
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.