$1,749,000 - 55 Prince Arthur Avenue Unit 805, Yorkville
Condo for Sale in Yorkville
80 days on market- MLS Number
- C12931826
- Property Type
- Condo
- Status
- active
- Days on Site
- 80
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Ensuite+Exclusive
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX PRIME PROPERTIES - UNIQUE GROUP
**1. BUILDING**This luxury, boutique-condominium is conveniently located in the prestigious Annex/Yorkville area, one block from Bloor St.__**2. UNIT CONDITION**This is a dated, "full reno" project. Also good for buyers planning gradual renos while away on a seasonal basis. It is functional/livable in the interim. __**3. LIVING AREA**This bright and spacious suite offers approximately 2,172 sq. ft. of exceptional living space consisting of a 24'6" wide living room and a separate dining room with a wet bar. The spacious foyer has a double-door entry and a powder room for visitors. The suite features self-controlled thermostats for personalized comfort and a convenient ensuite storage/HVAC room.__**4. KITCHEN**Eat-in kitchen includes granite countertops, a mirrored backsplash, and a centre island stovetop with Hood Fan and plenty of pantry storage.__**5. BED/BATH**The private quarters include two oversized bedrooms, both with ensuite bathrooms and private balconies. Separate wings (East & West) allow privacy for overnight visitors or live-in help. The primary bedroom has a 6-pc ensuite plus abundant storage in the walk-in closet. The second bedroom offers a 4-piece ensuite and a walk-in closet. __**6. AMENITIES**Residents enjoy top-tier amenities, including a 24-hour, attentive concierge service and valet parking for residents & visitors. Amenities include an indoor salt-water pool & lap pool, hot tub, sauna, gym, 3-room guest suite with Queen bed, party room with a roof-top terrace and two BBQs and an in-house carwash and bike storage. __**7. LOCATION**This building's walk score of 96-99 is "a walker's paradise" near Yorkville's finest dining, shopping, and cultural attractions such as the Royal Ontario Museum (ROM) and Koerner Hall. It is adjacent to the St George Subway station for access to both Subway Lines 1&2. Located one block from the York and RCYC Clubs, on the edge of UofT's main campus.
Estimate your monthly payments for this property
Estimated Payment
$7,736.42/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.
55 Prince Arthur Avenue Unit 805, 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 $875/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 80 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.
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 $7,288 (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.