188 Cumberland Street Unit 1501, Toronto C02

Price: $488,000

1 bedrooms, 1 bathrooms

Property Type: Condo

MLS#: C13114604

Experience luxury living in the heart of Yorkville, featuring expansive floor-to-ceiling windows that fill the space with natural light. The modern open-concept kitchen is equipped with premium built-in Miele appliances and sleek finishes. Enjoy world-class amenities including a fully equipped fitness centre, stunning indoor swimming pool, rooftop garden with BBQ area, and an elegant party room with home theatre. Ideally located steps to the University of Toronto, ROM, Queen's Park, Bloor Street's luxury boutiques, fine dining, Hazleton Lanes, Whole Foods, and TTC subway stations. Whether for personal use, working downtown, or as an investment opportunity, this exceptional residence offers unmatched convenience and lifestyle.

188 Cumberland Street Unit 1501 - Condo photo 1 of 17 in Annex / Yorkville / Summerhill, Ontario
188 Cumberland Street Unit 1501 - Condo photo 2 of 17 in Annex / Yorkville / Summerhill, Ontario
188 Cumberland Street Unit 1501 - Condo photo 3 of 17 in Annex / Yorkville / Summerhill, Ontario
188 Cumberland Street Unit 1501 - Condo photo 4 of 17 in Annex / Yorkville / Summerhill, Ontario
188 Cumberland Street Unit 1501 - Condo photo 5 of 17 in Annex / Yorkville / Summerhill, Ontario
188 Cumberland Street Unit 1501 - Condo photo 6 of 17 in Annex / Yorkville / Summerhill, Ontario
188 Cumberland Street Unit 1501 - Condo photo 7 of 17 in Annex / Yorkville / Summerhill, Ontario
188 Cumberland Street Unit 1501 - Condo photo 8 of 17 in Annex / Yorkville / Summerhill, Ontario
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$488,000 - 188 Cumberland Street Unit 1501, Yorkville

Condo for Sale in Yorkville

Popular Listing
1Beds
1Baths
N/ASq Ft
Condo
Property Details
MLS Number
C13114604
Property Type
Condo
Status
active
Days on Site
13
Bedrooms
1
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Annex / Yorkville / Summerhill
Locker
Owned
Exposure
North
Balcony
Open
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Description

Experience luxury living in the heart of Yorkville, featuring expansive floor-to-ceiling windows that fill the space with natural light. The modern open-concept kitchen is equipped with premium built-in Miele appliances and sleek finishes. Enjoy world-class amenities including a fully equipped fitness centre, stunning indoor swimming pool, rooftop garden with BBQ area, and an elegant party room with home theatre. Ideally located steps to the University of Toronto, ROM, Queen's Park, Bloor Street's luxury boutiques, fine dining, Hazleton Lanes, Whole Foods, and TTC subway stations. Whether for personal use, working downtown, or as an investment opportunity, this exceptional residence offers unmatched convenience and lifestyle.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,503.69/mo

Includes CMHC insurance ($13,615)

$
$
5%10%50%

5-yr fixed avg.

Principal: $439,200Interest: $298,293
Mortgage Amount$452,815
Total Interest$298,293
Est. Property Tax$346/mo
Total Cost$751,108

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 / Yorkville / Summerhill

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

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 / 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.

70
Walk Score
Varies
Price Range

188 Cumberland Street Unit 1501, Annex / Yorkville / Summerhill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
2.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$975
Property Tax (est.)-$346
Insurance (est.)-$102
Net Cash Flow+$937

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

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.

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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