$489,000 - 501 St Clair Avenue Unit 418, Yorkville
Condo for Sale in Yorkville
60 days on market- MLS Number
- C13008558
- Property Type
- Condo
- Status
- active
- Days on Site
- 60
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Welcome to Rise Condominiums, where modern design meets effortless midtown living. This thoughtfully designed suite offers a bright, open-concept layout with a highly functional flow, making the most of every square foot. The contemporary kitchen is both stylish and practical, featuring warm wood cabinetry, stone countertops, and a sleek tile backsplash. A mix of integrated and stainless steel appliances creates a streamlined, high-end look while maintaining everyday ease. Designed along one wall, the kitchen connects seamlessly to the living and dining area, ideal for both entertaining and comfortable daily living. The living space is filled with natural light from expansive windows, with a walkout to a private balcony equipped with a natural gas hookup for a barbecue, ideal for effortless indoor-outdoor living. A striking exposed concrete column adds a subtle loft-inspired edge while introducing architectural character. The sleeping area is thoughtfully positioned and enclosed with full-height sliding glass doors, offering privacy while maintaining an airy, loft-like feel. Clean lines, wide-plank flooring, and efficient use of space enhance both comfort and functionality. The bathroom is finished with a stone-topped vanity, modern fixtures, and a full tub and shower combination. A defined entry foyer and smart storage solutions complete the suite. Residents enjoy an exceptional, resort-style amenities, including a 24-hour concierge, fully equipped fitness centre, yoga studio, sauna, party and dining room, theatre/media lounge, games room, guest suites, and visitor parking. The rooftop experience is a true highlight, featuring an outdoor pool, lounge areas, and beautifully designed terraces with BBQs, perfect for relaxing or entertaining in the warmer months. Perfectly located in the vibrant St. Clair West neighbourhood, steps to transit, cafés, restaurants, and boutique shops, and within easy reach of Wychwood Barns, parks, and ravine trails.
Estimate your monthly payments for this property
Estimated Payment
$2,508.82/mo
Includes CMHC insurance ($13,643)
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.
501 St Clair Avenue Unit 418, 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
Fair Market Value
At $978/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.
Negotiation Opportunity
At 60 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.
Efficient Living
At 500 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.
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.