$534,900 - 150 Farnham Avenue Unit 406, Yorkville
Condo for Sale in Yorkville
72 days on market- MLS Number
- C12962772
- Property Type
- Condo
- Status
- active
- Days on Site
- 72
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Exclusive
- Exposure
- North West
- Balcony
- None
- Listing Brokerage
- REAL ESTATE HOMEWARD
Welcome to The Dorchester, a rare opportunity to own a true piece of Toronto architectural history. This classic 1940 Art Deco building is quietly tucked into the prestigious Deer Park neighbourhood and offers a refreshing alternative to today's cookie-cutter condos. Surrounded by stately homes and tree-lined streets, this is elegant city living with real old world character. This spacious corner suite is full of original charm: rich hardwood floors, French and sliding doors, wainscotting, arched doorways, crown moulding, and striking black-framed casement windows that flood the space with natural light. The oversized bedroom includes a double closet and a full ensuite bath. The open-concept living and dining area features a versatile den or office nook, ideal for working from home. With a little ingenuity, there's space for a future Murphy bed. The kitchen is compact but bright, with ceramic tile floors, subway tile backsplash, a large window, and just the right amount of retro flair. Pot lights add a modern touch throughout, and the unit offers excellent in-suite storage plus a separate locker downstairs. It's just a ten minute walk to the St. Clair subway, Yonge Street shops and restaurants, and beautiful parks. If you're looking for space, character, and location, rather than gyms you'll never use, this is the one. It's an address and space you'll be proud to show your friends.
Estimate your monthly payments for this property
Estimated Payment
$2,744.31/mo
Includes CMHC insurance ($14,924)
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 / Yorkville / Summerhill
Annex / Yorkville / Summerhill 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 / Yorkville / Summerhill
- •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 / Yorkville / Summerhill 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.
150 Farnham Avenue Unit 406, 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 $892/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.
Negotiation Opportunity
At 72 days on site, this property has exceeded the typical selling timeline for Yorkville. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 600 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.
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 $2,229 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.