$1,995,000 - 198 Macpherson Avenue, Yorkville
Townhouse for Sale in Yorkville
63 days on market- MLS Number
- C12994988
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 63
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Listing Brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
A Standout Residence In Coveted Summerhill. Beautifully Updated 4-Bedroom Victorian Home Showcasing Tasteful Contemporary Design & Exceptional Craftsmanship. 3 Levels Of Stylish Family Living & Entertaining. Main Level Presents Expanded Layout & Spacious Principal Rooms W/ Original Crown Moulding & Millwork. Large Windows W/ Custom Drapery Throughout. Living Room W/ New Built-In Cabinets & Stained Glass Window, Combined W/ Dining In Seamless Open Flow. Eat-In Kitchen W/ Premium Appliances, Custom Cabinets, Quartz Countertops, Servery, Breakfast Area, Skylight Ceilings, Full-Wall Windows & Walk-Out To Backyard. Second Floor Features 2 Bedrooms, Modern 4-Piece Bathroom & Primary Suite W/ Floor-to-Ceiling Custom Closets & Sleek New Ensuite W/ Steam Shower. Third Floor Opens To Expansive, Sun-Filled Entertainment Room Or 2nd Primary Suite W/ Stunning Walk-Out Terrace, A/C Unit, Fireplace & Generous Scale For A Sitting Area, Fitness Center, Or Home Office. Basement W/ Laundry & Abundant Storage Space. Highly Sought-After Backyard Retreat W/ Spacious Barbecue-Ready Deck, Unobstructed Sunlight, New Privacy Fencing, Mature Trees, Gardens & Gate To Private Parking. Head-Turning Exterior Charm W/ Victorian-Style Veranda, Elegant Spindlework, Lush Greenery & Tree Cover. Exceptional Location In Torontos Most Desirable Pocket, Steps To Summerhill Village, Yorkville, Premier Restaurants, High-End Shops, TTC Subway & Ramsden Park. Minutes To Branksome Hall, Bishop Strachan, UCC & Top-Rated Public Schools. A Rare Find That Exceeds Expectations.
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Estimated Payment
$8,824.56/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 / 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.
198 Macpherson Avenue, 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
Premium Pricing
At $1330/sqft, this property is priced above the Yorkville average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 63 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Yorkville have shown strong appreciation as families seek more space.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Yorkville. Good resale value as demand remains consistent.
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.
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 $8,313 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.