$1,579,000 - 55A Avenue Road Unit 408, Yorkville
Condo for Sale in Yorkville
58 days on market- MLS Number
- C13024434
- Property Type
- Condo
- Status
- active
- Days on Site
- 58
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- None
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Luxurious living at its finest in the heart of Yorkville! There is no better value in all of Yorkville at this price point. Prestigious five star location, The Residences of Hazelton Lanes is where you will find your next place to call home. This fabulous 2 storey 2 bedroom 3 bathroom with 2 terraces is to good of an opportunity to miss out on! Main floor features an open concept floor plan allowing for entertaining with a walk out to an oversized terrace with glorious unobstructed city views. A chefs designer kitchen with state of the art appliances, porcelain countertops and custom cabinetry a powder room and a storage room under the stairs. Make your way to the second floor and behold a grand primary bedroom with a walk out to terrace, 5 piece spa like ensuite bathroom, laundry area and a second large bedroom also with its own walk out to a terrace and a 4 piece bathroom. The building has just finished a massive renovation to all the hallways and is absolutely stunning. Did I mention the oversized terraces on both the main and upper floors!! First class concierge services await the lifestyle you deserve. All the finest shopping, dining and galleries literally at your doorstep. Truly a must see!
Estimate your monthly payments for this property
Estimated Payment
$6,984.45/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.
55A Avenue Road Unit 408, 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 $1128/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 58 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 $6,579 (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.