$1,489,000 - 616 Avenue Road Unit 401, Yorkville
Condo for Sale in Yorkville
New — Listed 4 days agoNeighbourhood: Casa Loma
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- MLS Number
- C14095272
- Property Type
- Condo
- Status
- active
- Days on Site
- 4
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Taxes (2026)
- $5,901
- Maintenance Fees
- $1,642/mo
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- KELLER WILLIAMS ADVANTAGE REALTY
A Boutique Address. Room to Live Beautifully with an exceptional sense of light and space in an intimate 27 Unit building in prestigious Forest Hill. This light-filled two-bedroom, two-bathroom residence combines generous principal rooms, custom built-ins and a private balcony with the comfort and convenience of condominium living.The expansive living and dining areas provide plenty of room to entertain, gather with family and friends, or simply enjoy a little extra breathing room. Custom built-ins add character and functionality, while the well-proportioned layout creates a natural flow for everyday living. The large private kitchen has a rare window bringing an abundance of light into the space. Generous Terrace to enjoy an evening drink or morning coffee. Two spacious bedrooms offer flexibility for guests, a home office or a peaceful private retreat.Residents enjoy beautifully landscaped gardens including a backyard perfect for quiet reflection and entertaining guests, a fitness room, party room, visitor parking and on-site management. Two extra building fridge/freezers are great for those times when you are preparing for a large gathering. Enjoy the community atmosphere, with regular cocktail parties and building gatherings. This coveted address offers easy access to parks, transit and some of Midtown Toronto's most established neighbourhoods.Enjoy the rare combination of generous living space, boutique-building charm and a location that puts the best of Midtown within reach.
Estimate your monthly payments for this property
Estimated Payment
$6,586.35/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 Casa Loma
Casa Loma 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 Casa Loma
- •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
Casa Loma 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.
616 Avenue Road Unit 401, 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
Fair Market Value
At $1064/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Yorkville's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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. The $1642/month fees should cover building insurance, common elements, and reserve contributions.
About Casa Loma
I know Casa Loma well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $6,204 (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.