$989,000 - 80 Cumberland Street Unit 501, Yorkville
Condo for Sale in Yorkville
Neighbourhood: Annex
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- MLS Number
- C13764152
- Property Type
- Condo
- Status
- active
- Days on Site
- 27
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Taxes (2025)
- $5,301
- Maintenance Fees
- $1,494/mo
- Locker
- Exclusive
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
An exceptionally rare two-storey loft in the heart of prestigious Yorkville offers the perfect blend of urban sophistication and residential comfort. This stunning south-facing residence delivers the feel of a private home while placing you steps from the very best of downtown Toronto living. Spanning approximately 1,054 sq ft, this thoughtfully designed layout is highlighted by dramatic 17-foot ceilings that create an extraordinary sense of space and openness. Expansive windows flood the unit with natural light, enhancing the loft's warm, contemporary character and showcasing its impressive architectural scale. Enjoy seamless indoor-outdoor living with not one but two private south-facing balconies overlooking the vibrant intersection of Cumberland and Bay Streets. Whether enjoying your morning coffee, unwinding with a good book, or entertaining guests in the evening, these outdoor spaces provide the perfect setting to take in the energy and charm of Yorkville. Ideally situated just steps from Bay Subway Station, this coveted address places Toronto's finest amenities at your doorstep, including world-class dining, luxury boutiques, designer shopping, cultural landmarks, and an exciting nightlife scene, all within easy walking distance. Adding exceptional value to this rare offering are amenities seldom found in the neighbourhood, including a highly sought-after parking space and an exclusive-use storage locker of approximately 65 square feet, providing valuable convenience and storage in one of the city's most desirable communities. More than just a residence, this remarkable loft represents a unique lifestyle opportunity in one of Toronto's most exclusive and sought-after enclaves. Rarely available and exceptionally well positioned, this is your chance to own a truly distinctive home in the heart of Yorkville.
Estimate your monthly payments for this property
Estimated Payment
$5,074.08/mo
Includes CMHC insurance ($27,593)
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.
80 Cumberland Street Unit 501, 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 $989/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 27 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 $1494/month fees should cover building insurance, common elements, and reserve contributions.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $4,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.