$799,000 - 5508 Yonge Street Unit PH02, Willowdale
Condo for Sale in Willowdale
- MLS Number
- C13171526
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Thornhill / Willowdale
- Locker
- Owned
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- PROPERTY.CA INC.
Welcome to this fully renovated, show-stopping corner penthouse , a true masterpiece floating above the city. The moment you step inside, you're greeted by breathtaking, unobstructed views that stretch for miles. The custom-designed kitchen is a chefs dream, featuring a sleek Miele appliance package and sophisticated finishes throughout. Every detail has been curated, including bespoke flooring crafted exclusively for this space, adding warmth and refined elegance. The open-concept living and dining area flows seamlessly onto a wraparound terrace, perfect for entertaining or simply soaking in the skyline. The primary bedroom features floor-to-ceiling windows, terrace access, and an abundance of natural light, while the second bedroom boasts its own private balcony, a rare luxury. Located just steps from Finch Station, with easy access to the 401, premier shopping, dining, and more. Opportunities like this, with outdoor spaces and high-end design are incredibly rare in this coveted neighbourhood. Don't miss your chance to own this penthouse in the sky.
Estimate your monthly payments for this property
Estimated Payment
$4,099.28/mo
Includes CMHC insurance ($22,292)
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 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
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.
5508 Yonge Street Unit PH02, Thornhill / Willowdale
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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 $888/sqft, this property is priced in line with current Willowdale 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.
Market Position
At 21 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 900 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 $3,329 (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.