$699,000 - 575 Avenue Road Unit 1105, Yorkville
Condo for Sale in Yorkville
70 days on market- MLS Number
- C12966442
- Property Type
- Condo
- Status
- active
- Days on Site
- 70
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Exclusive
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to the coveted Heathaven Co-op! This two-bedroom, two-bathroom, sun drenched, penthouse suite boasts over 1150 square feet of refined space and is perched at the prestigious intersection of Avenue Road and Heath. This penthouse unit immediately opens into a sun-washed living/dining space, framed by wall-to-wall windows with panoramic city views. Two private balconies offer their own perspectives on opposite sides of the unit with the second balcony offering a quiet oasis off the primary bedroom.The layout is both practical and elegant with two full bedrooms with double closets and bathrooms for each and masterfully separated from the main living/dining area! The kitchen flows seamlessly into the dining space, ideal for entertaining.What truly elevates this co-op is the location. This corner is one of Toronto's most desirable midtown addresses! Steps to 200 acres of Mt. Pleasant Beauty where runners, walkers and cyclists take in the beautiful grounds daily and access to the myriads of Toronto Ravines. Quietly upscale, highly walkable, and incredibly connected. Close to cafés, boutique shops, and everyday essentials, with transit right outside your door and quick access downtown. One block to grocery stores and the LCBO. This location and unit will not disappoint! Waiting for your personal touches to make it any Buyers dream! Visitor Parking tops this off at the back of the building.Monthly maintenance fees cover property taxes, heat, cable, internet, common areas, garbage, water, along with contributions to the reserve fund. Pet friendly building, ensuite laundry permitted, bbq's on balcony permitted. Avenue Rd bus outside entrance and subway a couple blocks up! Rental parking is on a first come first serve basis.
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
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.
575 Avenue Road Unit 1105, 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
Competitive Pricing
At $699/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 70 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.
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 $2,913 (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.