$875,000 - 5 Soudan Avenue Unit 707, Leaside
Condo for Sale in Leaside
New — Listed 3 days ago- MLS Number
- C13227564
- Property Type
- Condo
- Status
- active
- Days on Site
- 3
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Leaside / Davisville
- Locker
- Owned
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Welcome to the iconic Art Shoppe Condos & Lofts, home to one of Toronto's most celebrated residential lobbies designed by world-renowned fashion icon Karl Lagerfeld. Perfectly positioned in the heart of vibrant Yonge & Eglinton, this stunning 2+1 bed, 2 full bath residence offers approximately 848sqft of beautifully designed living space paired w/ an east-facing balcony perf for enjoying morning sunrises & warm summer evenings above the city.This exceptional suite blends luxury, comfort & functionality w/ soaring 9-foot ceilings, floor-to-ceiling windows, unobstructed east views & automated electric blinds that add both elegance & convenience. The open-concept layout is flooded w/natural light & thoughtfully designed for modern living & entertaining.The contemporary kitch features sleek cabinetry, integrated European appliances including a built-in fridge/freezer, dishwasher, cooktop, oven, range hood & bar fridge, all complemented by a custom built-in pull-out dining table.The spacious primary bedroom comfortably accommodates a king-size bed & offers 2 custom built-in closets along w/ a luxurious 4-piece ensuite bathroom. The 2nd bedroom, enclosed w/ stylish sliding doors, also fits a king-size bed & includes a large custom built-in closet, making it ideal as a guest room, office, or additional living space. The separate den offers incredible flexibility as a private home office, nursery, or walk-in dressing room w/ a frosted glass door.This suite also includes 1 electrified parking space & 1 locker conveniently located on the same flr as the unit.Art Shp offers premium amenities including an outdoor heated pool, hot tub, BBQ lounge areas, fitness centre, yoga studio, sauna, wine lounge, theatre room, party rm, games lounge, guest suites, visitor park, bike storage & a children's playroom. Experience luxury liv in one of Midtown Toronto's most iconic & sought-after buildings, steps to top restaurants, shp, transit, entmt & everything Yonge & Eglinton has to offer.
Estimate your monthly payments for this property
Estimated Payment
$4,489.20/mo
Includes CMHC insurance ($24,413)
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 Leaside / Davisville
Leaside / Davisville 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 Leaside / Davisville
- •Convenient location in Leaside / Davisville
- •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
Leaside / Davisville 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.
5 Soudan Avenue Unit 707, Leaside / Davisville
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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
Fair Market Value
At $1094/sqft, this property is priced in line with current Leaside 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 Leaside'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 800 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.
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.
Investment Perspective
Looking at this as an investment: Leaside properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,646 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.