$1,295,000 - 142 Pears Avenue Unit A4, Yorkville
Condo for Sale in Yorkville
Neighbourhood: Annex
- MLS Number
- C13171060
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Exclusive
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
142 Pears Ave - Perfectly positioned between Yorkville, The Annex and Summerhill, this rare three-level townhouse offers 1,720 square feet of beautifully renovated living space in one of Midtown Toronto's most coveted neighbourhoods. Tucked away from the bustle, the home feels remarkably calm and private, with an expansive terrace that functions like a hidden courtyard - ideal for entertaining, relaxing or gardening. Inside, the main level has been transformed into a bright open-concept living and dining space framed by floor-to-ceiling windows and filled with natural light. Custom built-ins, integrated lighting and a stylish coffee bar add warmth and sophistication throughout. The sleek modern kitchen is anchored by a striking waterfall island, premium finishes and thoughtful functionality. A dramatic open-to-below design allows light to pour into the lower level, creating an inviting recreation space with endless flexibility. Easily adaptable for an additional bedroom, guest suite, office, gym or media room, this level also includes a beautifully finished four-piece bathroom, laundry room and exceptional storage. Upstairs, the serene primary retreat features a spacious walk-in closet and elegant panelled feature wall. The spa-inspired five-piece bathroom showcases exquisite tilework and an oversized shower with dual rain heads. A generous second bedroom offers versatility for guests, a nursery or home office. Residents enjoy beautifully landscaped gardens, an outdoor pool, renovated saunas and a party room, all just steps from Yorkville, Summerhill, Ramsden Park, transit, cafés, galleries and some of the city's best restaurants. Includes one garage parking space and one storage locker. A rare opportunity to enjoy the energy of Midtown Toronto without sacrificing privacy, tranquility or space.
Estimate your monthly payments for this property
Estimated Payment
$5,728.22/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.
142 Pears Avenue Unit A4, 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 $809/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 20 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 $5,396 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.