$1,475,000 - 40 Oaklands Avenue Unit 318, Yorkville
Condo for Sale in Yorkville
New — Listed 3 days ago- MLS Number
- C13225060
- Property Type
- Condo
- Status
- active
- Days on Site
- 3
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Ensuite
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
This truly exceptional two-story residence, offers nearly 1,800 square feet of refined living space-making it one of the largest in the building. Thoughtfully designed with both style and function in mind, this contemporary home showcases remarkable scale, 9-foot ceilings, and an airy, open feel throughout. High-quality renovation elevates the space with white oak hardwood floors, a reimagined fireplace, and a striking glass staircase enclosure. The sun-drenched main level is an entertainer's dream, featuring expansive principal rooms, a striking powder room, and a beautifully updated kitchen complete with stylish backsplash, stainless appliances w/induction cooktop & abundant cupboards. Western exposure fills the space with warm afternoon light and serene treetop sunset views. The lower level offers privacy and separation from the main living area which makes it feel more like a house. Oversized primary bedroom with a luxurious 5-piece ensuite, including a soaker tub, double vanity, & generous linen storage. Closet space is plentiful throughout, and the exceptionally large laundry/utility room-with additional fridge-provides rare and practical storage ideal for downsizers or those seeking extra space. Built in office alcove. The Oaklands is a luxury condo in one of the city's most coveted boutique buildings, quietly tucked into a picturesque, tree-lined enclave. The Building is a meticulously managed, predominantly owner-occupied building celebrated for its award-winning architecture, modernist aesthetic, and peaceful atmosphere. Residents enjoy a newly renovated atrium and beautifully landscaped, tranquil gardens that create a true sense of retreat in the heart of the city. Perfectly positioned just steps to the shops and boutiques of Summerhill, a short stroll to Bloor Street, & steps to the Rosedale subway station. Sophisticated, spacious, and effortlessly livable-this is elevated condo living at its finest. One owned parking space is included. Pet friendly!
Estimate your monthly payments for this property
Estimated Payment
$6,524.42/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.
40 Oaklands Avenue Unit 318, 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
Fair Market Value
At $922/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Yorkville's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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 $6,146 (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.