$5,295,000 - 2 Lynwood Avenue Unit PH1, Yorkville
Condo for Sale in Yorkville
63 days on market- MLS Number
- C12991892
- Property Type
- Condo
- Status
- active
- Days on Site
- 63
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 4,500 - 4,999 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Owned
- Exposure
- South
- Balcony
- Enclosed
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM
There are very few penthouses in the city that offer this level of scale and architectural presence while still feeling like a private residence. This is one of them. Spanning nearly 5,000 square feet across two levels, this one of a kind residence crowns an intimate 16 suite boutique building in the heart of South Hill, conceived around this exceptional penthouse. With a layout more akin to a detached home, it offers a level of privacy rarely found in Toronto. A sculptural white staircase in Venetian plaster anchors the refined, modern interior, while matte herringbone floors add warmth throughout. The scale is striking, with a great room featuring 25 foot ceilings and an open flame fireplace, ideal for both entertaining and everyday living. Expansive windows fill the space with natural light, and the dining area and chef's kitchen connect seamlessly. A family room and main floor primary suite offer comfort and privacy. Upstairs, a library with fireplace and wet bar creates a destination space, alongside an additional bedroom suite and a separate office that could convert to a third bedroom. Renderings have also been prepared to illustrate the potential to convert a portion of the interior space into a private New York style terrace, offering a compelling vision of how outdoor living could be seamlessly integrated into the home, an increasingly rare luxury in this setting. With four car parking, concierge, and amenities including a pool and sauna, every detail is considered. Set near Yorkville, St. Clair West, and Forest Hill, the location offers exceptional convenience. But what truly sets this residence apart is its rarity, a unique opportunity to acquire nearly 5,000 square feet in a boutique setting, at a price per square foot that is difficult to replicate in today's market. Opportunities of this calibre are few and far between.
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Estimated Payment
$23,421.57/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.
2 Lynwood Avenue Unit PH1, 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
Premium Pricing
At $1177/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.
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.
Larger Home Realities
At 4,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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.
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.