$3,000,000 - 3800 Yonge Street Unit PH2, Lawrence Park
Condo for Sale in Lawrence Park
Popular Listing- MLS Number
- C13233978
- Property Type
- Condo
- Status
- active
- Days on Site
- 10
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 2,750 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Locker
- Owned
- Exposure
- North
- Balcony
- Terrace
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Welcome to PH2 at 3800 Yonge Street. Governors Hill is an exceptional luxury building, a well-known address in one of Toronto's most desirable settings. PH 2 stands above the rest, with over 2800 sf of refined finishes, expansive space and grand rooms. Enjoy all 4 seasons wrapped up in the serenity of a ravine-facing setting visible from every room. Unparalleled privacy throughout. Within seconds of stepping into the foyer, you'll notice the structural beauty of the curved staircase and a rare offering of a personal elevator. The formal living and dining room are grand and expansive, offering wall-to-wall, floor-to-ceiling windows overlooking the ravine, anchored by a gas fireplace for added luxury and warmth. The kitchen is fully renovated with stone counters, a built-in oven and microwave and an induction stovetop. The breakfast nook is perfect for morning coffee. The expansive primary bedroom has double walk-in closets for his/hers, a luxurious 6-piece ensuite bathroom, and ample room for a sitting area, all with ravine-sweeping views. The second bedroom is on the other side of the unit, allowing for ultimate privacy, and also has an ensuite bathroom and ample closet space. A full-sized laundry room with ample storage. Take the elevator to the second floor where you'll find a family room for watching TV, which opens to an approx. 1600sf private outdoor patio. The second floor also has a convenient wet bar with a sink and fridge to allow ease of outdoor entertaining. The second floor bathroom also has a working sauna. Three-car parking and a total of 6 very large lockers; electric charging in one parking space. Governors Hill is known for its exceptional management, top-tier concierge, and resort-style amenities, which include an indoor pool, guest suites, party and meeting rooms, common rooms, pickleball, ping pong and squash courts. Pet restriction "no dogs"
Estimate your monthly payments for this property
Estimated Payment
$13,270.01/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 Lawrence Park / Bedford Park
Lawrence Park / Bedford Park 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 Lawrence Park / Bedford Park
- •Convenient location in Lawrence Park / Bedford Park
- •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
Lawrence Park / Bedford Park 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.
3800 Yonge Street Unit PH2, Lawrence Park / Bedford Park
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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
Fair Market Value
At $1091/sqft, this property is priced in line with current Lawrence Park 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.
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 2,750 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 4 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: Lawrence Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $12,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.