$1,875,000 - 8 Cumberland Street Unit 5104, Yorkville
Condo for Sale in Yorkville
Neighbourhood: Annex
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- MLS Number
- C13790362
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Taxes (2026)
- $11,218
- Maintenance Fees
- $1,256/mo
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- PROPERTY.CA INC.
Welcome to 8 Cumberland, a prestigious Yorkville address where luxury, sophistication and breathtaking views come together. Pristine, never before lived in, penthouse, this spectacular 51st-floor corner property offers 1,280 square feet of beautifully designed open-concept living, soaring 11-foot ceilings and extraordinary, uninterrupted Southeast panoramic views. From virtually every room, enjoy an ever-changing backdrop from sunrise to sunset, stretching from the treetops of Rosedale to the downtown skyline and Lake Ontario, as far as the eye can see. The chef-inspired kitchen features a full suite of premium Miele appliances and flows seamlessly into the living and dining areas, creating an inviting space for both everyday living and entertaining. The thoughtfully designed layout features two spacious bedrooms, both with walk-in closets, including a luxurious primary retreat, two beautifully appointed bathrooms, and a stunning den/office that could easily be converted into a third bedroom. Step outside to your private balcony and take in the sweeping views high above the city. The location is exceptional. At the corner of Cumberland and Yonge, you are steps from the very best of Yorkville, including world-class shopping, exceptional dining, Whole Foods, galleries, cafés and entertainment. Nearby Summerhill, Rosedale and the Don Valley Parkway provide effortless access to everything Toronto has to offer.Complete with one extra-large parking space and two lockers, this is a rare opportunity to experience elevated penthouse living in one of Toronto's most coveted neighbourhoods. Come for the views. Stay for the lifestyle. You may never want to leave
Estimate your monthly payments for this property
Estimated Payment
$8,293.76/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
Annex 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
- •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 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 5104, 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
Premium Pricing
At $1563/sqft, this property is priced above the Yorkville average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 21 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 $1256/month fees should cover building insurance, common elements, and reserve contributions.
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.
About Annex
I know Annex 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 $7,813 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.