$624,900 - 8 Cumberland Street Unit 2801, Yorkville
Condo for Sale in Yorkville
152 days on market- MLS Number
- C12758190
- Property Type
- Condo
- Status
- active
- Days on Site
- 152
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- RE/MAX HALLMARK PEGGY HILL GROUP REALTY
NEVER LIVED IN, BEAUTIFULLY DESIGNED CONDO IN TORONTO'S MOST COVETED URBAN POCKET! Positioned in one of Toronto's most prestigious neighbourhoods, this never-lived-in one-bedroom, one-bathroom condo offers a refined take on city living, where thoughtful design, extensive high-end builder upgrades, and an unbeatable Yorkville address come together. Floor-to-ceiling windows draw in abundant natural light and frame beautiful city views, creating a calm, airy retreat above the energy below. The sleek chef-inspired kitchen showcases quartz countertops, a tiled backsplash, modern cabinetry, and built-in appliances, including a wall oven, cooktop, and built-in microwave, all finished with a clean, streamlined look that feels quietly luxurious. The inviting primary bedroom includes a double closet and is served by a 4-piece bathroom featuring a glass-enclosed tub and shower, and an LED-lit vanity mirror. Residents enjoy access to thoughtfully designed amenities, including a state-of-the-art fitness centre, a rooftop lounge for relaxed evenings, a dog spa and pet washing station, and elegant entertaining spaces. Steps from luxury shopping, high-end boutiques, fine dining and cafés, the Royal Ontario Museum, parks, the University of Toronto, and TTC subway access. Low condo fees add even more value, covering heat, water, high-speed internet, common elements, and building insurance. Ideal for young professionals, fashion lovers, downsizers, investors, or first-time buyers, this #HomeToStay delivers a Yorkville address that feels every bit as elevated as the lifestyle outside your door.
Estimate your monthly payments for this property
Estimated Payment
$3,206.06/mo
Includes CMHC insurance ($17,435)
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.
8 Cumberland Street Unit 2801, 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
Negotiation Opportunity
At 152 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.
Efficient Living
At 0 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: Yorkville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,604 (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.