8 Scollard Street Unit 1408, Toronto C02

Price: $399,000

0 bedrooms, 1 bathrooms

Property Type: Condo

MLS#: C13412908

Discover the perfect blend of location, convenience, and lifestyle in this stylish studio suite situated in one of Toronto's most sought-after neighbourhoods. Located on the edge of Yorkville, this residence places you just steps from world-class shopping, dining, cafés, and entertainment along Bloor Street and Yorkville Avenue.The thoughtfully designed suite features full-sized kitchen appliances, in-suite laundry, modern finishes, and an efficient layout that maximizes every square foot. Ideal for first-time buyers, students, or young professionals looking to enjoy the best of downtown living.Enjoy unparalleled access to the University of Toronto, Queen's Park, the Royal Ontario Museum, and Yonge-Bloor Station, connecting you seamlessly to both subway lines. Residents also benefit from premium building amenities including a 24-hour concierge, fitness centre, and party room.

8 Scollard Street Unit 1408 - Condo photo 1 of 26 in Annex / Yorkville / Summerhill, Ontario
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$399,000 - 8 Scollard Street Unit 1408, Yorkville

Condo for Sale in Yorkville

Neighbourhood: Annex

0Beds
1Baths
N/ASq Ft
Condo
Property Details
MLS Number
C13412908
Property Type
Condo
Status
active
Days on Site
30
Bedrooms
0
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Annex / Yorkville / Summerhill
Locker
Owned
Exposure
West
Balcony
Open
Listing Brokerage
KELLER WILLIAMS EDGE REALTY
Description

Discover the perfect blend of location, convenience, and lifestyle in this stylish studio suite situated in one of Toronto's most sought-after neighbourhoods. Located on the edge of Yorkville, this residence places you just steps from world-class shopping, dining, cafés, and entertainment along Bloor Street and Yorkville Avenue.The thoughtfully designed suite features full-sized kitchen appliances, in-suite laundry, modern finishes, and an efficient layout that maximizes every square foot. Ideal for first-time buyers, students, or young professionals looking to enjoy the best of downtown living.Enjoy unparalleled access to the University of Toronto, Queen's Park, the Royal Ontario Museum, and Yonge-Bloor Station, connecting you seamlessly to both subway lines. Residents also benefit from premium building amenities including a 24-hour concierge, fitness centre, and party room.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,047.08/mo

Includes CMHC insurance ($11,132)

$
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5%10%50%

5-yr fixed avg.

Principal: $359,100Interest: $243,891
Mortgage Amount$370,232
Total Interest$243,891
Est. Property Tax$283/mo
Total Cost$614,123

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.

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Neighbourhood Guide: Annex

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

8 Scollard Street Unit 1408, Annex / Yorkville / Summerhill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
4.3%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$975
Property Tax (est.)-$283
Insurance (est.)-$83
Net Cash Flow+$1,419

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Market Position

At 30 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. 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.

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.

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.

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    8 Scollard Street Unit 1408 | $399,000 | Battaglia Team