4978 Yonge Street Unit 808, Toronto C07

Price: $538,000

2 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Condo

MLS#: C13157114

No more shoebox living - enjoy approximately 715 sq feet, the largest 1+1 in the building. Freshly painted and recently renovated with a smart, highly functional layout that lives more like a two room suite. The fully renovated kitchen features quartz countertops, backsplash, modern cabinetry, and brand-new LG stainless steel stove, LG hood vent/microwave and Whirlpool stainless steel dishwasher, installed as part of the recent renovation. New vinyl plank flooring flows seamlessly into the living space, complemented by brand new light fixtures in the living room and bathroom. The enclosed den functions as a true second room, complete with a full door and closet, and was previously used as a bedroom - a rare and valuable layout not often found in 1+1 units. Enjoy full-service amenities including indoor pool, gym, sauna, virtual golf, billiards, party room, guest suites, visitor parking, and 24 hour concierge. The building has been recently upgraded with renovated hallways, concierge area, and amenities. Perfectly located in the heart of North York, with direct underground access to North York Centre Station and Sheppard Station. Steps to shopping, dining, and entertainment, with quick access to Highway 401. Owner occupied, exceptionally well maintained, and move-in ready. Includes parking and locker.

4978 Yonge Street Unit 808 - Condo photo 1 of 26 in Thornhill / Willowdale, Ontario
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New Listing
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$538,000 - 4978 Yonge Street Unit 808, Willowdale

Condo for Sale in Willowdale

New — Listed 2 days ago
2Beds
1Baths
700 - 1,099Sq Ft
Condo
Property Details
MLS Number
C13157114
Property Type
Condo
Status
active
Days on Site
2
Bedrooms
2
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
Thornhill / Willowdale
Locker
Owned
Exposure
West
Balcony
Open
Listing Brokerage
ROYAL LEPAGE ESTATE REALTY
Description

No more shoebox living - enjoy approximately 715 sq feet, the largest 1+1 in the building. Freshly painted and recently renovated with a smart, highly functional layout that lives more like a two room suite. The fully renovated kitchen features quartz countertops, backsplash, modern cabinetry, and brand-new LG stainless steel stove, LG hood vent/microwave and Whirlpool stainless steel dishwasher, installed as part of the recent renovation. New vinyl plank flooring flows seamlessly into the living space, complemented by brand new light fixtures in the living room and bathroom. The enclosed den functions as a true second room, complete with a full door and closet, and was previously used as a bedroom - a rare and valuable layout not often found in 1+1 units. Enjoy full-service amenities including indoor pool, gym, sauna, virtual golf, billiards, party room, guest suites, visitor parking, and 24 hour concierge. The building has been recently upgraded with renovated hallways, concierge area, and amenities. Perfectly located in the heart of North York, with direct underground access to North York Centre Station and Sheppard Station. Steps to shopping, dining, and entertainment, with quick access to Highway 401. Owner occupied, exceptionally well maintained, and move-in ready. Includes parking and locker.

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Estimate your monthly payments for this property

Estimated Payment

$2,760.22/mo

Includes CMHC insurance ($15,010)

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5-yr fixed avg.

Principal: $484,200Interest: $328,855
Mortgage Amount$499,210
Total Interest$328,855
Est. Property Tax$381/mo
Total Cost$828,066

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: Thornhill / Willowdale

Discover Thornhill / Willowdale

Thornhill / Willowdale 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 Thornhill / Willowdale

  • Convenient location in Thornhill / Willowdale
  • 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

Thornhill / Willowdale 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

4978 Yonge Street Unit 808, Thornhill / Willowdale

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
2.8%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$455
Property Tax (est.)-$381
Insurance (est.)-$112
Net Cash Flow+$1,252

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

Competitive Pricing

At $769/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Willowdale'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.

Efficient Living

At 700 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.

Investment Perspective

Looking at this as an investment: Willowdale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,242 (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.

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