$1,595,000 - 616 Avenue Road Unit 402, Yorkville
Condo for Sale in Yorkville
New — Listed 5 days ago- MLS Number
- C13149414
- Property Type
- Condo
- Status
- active
- Days on Site
- 5
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Exclusive
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
A rare and elegant Forest Hill residence located in an exclusive boutique building of only 27 suites, just steps from UCC and Forest Hill Village. Opening to a gracious foyer, this exquisite two-bedroom, two-bathroom suite reveals 1,500 square feet of sophistication with a distinct New York vibe. Feeling more like a home than a traditional condo, the expansive living and dining area boasts a wall of windows that bathe the space in natural light. This flows effortlessly out to a generously sized terrace-the perfect backdrop for morning coffee, evening cocktails or entertaining. A custom built in wall unit serves as a striking focal point for the room while offering ample storage. The gourmet kitchen exudes a rich, warm feel, outfitted with quartz countertops, wood floors, abundant cabinetry, Built-in Speakers, and a breakfast bar framed by a lovely picture window. Retreat to the large primary suite, complete with a bespoke built-in entertainment/storage unit, a walk-in closet, custom drapery, blinds, and a lovely four-piece ensuite. The spacious second bedroom includes blackout drapery alongside exceptional storage, highlighted by a comprehensive built-in system and two additional closets. A completely updated three-piece guest bathroom showcases a large, modern walk-in rain shower. Complete with two parking spaces and a spacious private locker room. The building offers a spectacular rear garden to enjoy along with an event room and fitness studio. It is a refined haven for those who appreciate true elegance, perfectly positioned to enjoy the best of this prestigious neighbourhood with a simple stroll to Yonge Street, The Village, UCC and Winston Churchill Park.
Estimate your monthly payments for this property
Estimated Payment
$7,055.22/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.
616 Avenue Road Unit 402, 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 $1139/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Yorkville's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $6,646 (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.