$8,800,000 - 50 Yorkville Avenue Unit 4501, Yorkville
Condo for Sale in Yorkville
62 days on market- MLS Number
- C13003010
- Property Type
- Condo
- Status
- active
- Days on Site
- 62
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 2,750 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
Awe Inspiring And One Of A Kind Four Seasons Suite. Redesigned And Reimagined To Amplify The Picturesque And Unobstructed Views. Corner Suite With Everything You Could Dream Of. Rich Wood Accents Throughout. Advanced A/V Lighting Systems And Home Automation. Private Elevator Entry. Truly Unbelievable Floor To Ceiling Windows Showcasing The Best Of The City. Open Concept While Still Maintaining Excellent Flow And Design. Western Lake And Sunset Views. Piano Lounge. Sprawling Principal Rooms. Expansive Primary Suite With His+Her Walk-In Closets And Lux 7-Piece Marble Ensuite. Gourmet Kitchen With Extra Large Island, Top Of The Line Appliances And Ample Storage. Enjoy Hotel Living At Its Finest. 5 Star Amenities Include Gym, Spa, Concierge And Room Service.
Estimate your monthly payments for this property
Estimated Payment
$38,925.37/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.
50 Yorkville Avenue Unit 4501, Annex / Yorkville / Summerhill
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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
Premium Pricing
At $3200/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 62 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 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.
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 $36,667 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.