$959,000 - 8 Scollard Street Unit Ph 201, Yorkville
Condo for Sale in Yorkville
Neighbourhood: Annex
- MLS Number
- C13452730
- Property Type
- Condo
- Status
- active
- Days on Site
- 17
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Penthouse living on one of Yorkville's most sought-after streets. This 1,080 sq ft suite sits at the top of a boutique building on Scollard Street, two blocks from Yonge/Bloor subway and surrounded by the best the city has to offer. True 10-foot ceilings throughout, a smart split-bedroom layout that gives both bedrooms genuine privacy, and an 87 sq ft east-facing terrace with unobstructed views over the Rosedale Valley. Inside, the suite is well-configured: an open living and dining area with floor-to-ceiling windows, a full kitchen, two four-piece bathrooms, and a den with a window that comfortably functions as a third bedroom or dedicated home office. The walk-in closet off the primary bedroom adds practical storage that most units at this size lack. Ensuite laundry, central air conditioning, and a second north-facing balcony complete the picture. Maintenance fee of $1,052/month covers heat, water, central air conditioning, building insurance, and one underground parking space and locker, both owned. Property is currently tenanted - ideal for an investor seeking an income-generating Yorkville asset, or an end-user planning possession on a 60-89 day timeline.
Estimate your monthly payments for this property
Estimated Payment
$4,920.17/mo
Includes CMHC insurance ($26,756)
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 Scollard Street Unit Ph 201, 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
Fair Market Value
At $959/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.
Market Position
At 17 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.
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 $3,996 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.