$1,040,000 - 8 Cumberland Street Unit 1602, Yorkville
Condo for Sale in Yorkville
73 days on market- MLS Number
- C12948756
- Property Type
- Condo
- Status
- active
- Days on Site
- 73
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- None
- Exposure
- North West
- Balcony
- None
- Listing Brokerage
- RE/MAX REALTRON JIM MO REALTY
An Exceptional Opportunity To Experience Refined Living In The Heart Of Prestigious Yorkville. Perched On The 16th Floor, This Bright And Airy 2-Bedroom, 2-Bathroom Corner Suite Offers Approximately 717 Sq. Ft. Of Well-Planned Interior Space, Complemented By A Private Balcony And Sweeping City Views.Showcasing Expansive Floor-To-Ceiling Windows, The Unit Is Filled With Natural Light, Creating An Inviting And ElevatedLiving Environment. The Open-Concept Layout Seamlessly Blends Comfort And Functionality, Perfect For Both Daily Living And Entertaining.TheContemporary Kitchen Features Elegant White Cabinetry, Quartz Countertops, And Premium Built-In Appliances, Delivering A Stylish Yet PracticalSpace For Cooking And Gathering.Located Within A Striking 51-Storey Landmark At The Prominent Intersection Of Yonge St & Cumberland, ThisResidence Places You At The Centre Of One Of Toronto's Most Sought-After Neighbourhoods. Enjoy Unmatched Convenience With ImmediateAccess To Transit At Yonge & Bloor, Along With Yorkville's Renowned Luxury Shopping, Top-Tier Dining, Chic Cafés, And Vibrant EntertainmentOptions Just Steps Away.Residents Benefit From An Impressive Selection Of Amenities, Including A Fully Equipped Fitness Centre, Yoga Studio,Outdoor Terrace With BBQ Area, As Well As Party And Study Rooms-All Designed To Enhance A Sophisticated Urban Lifestyle.With EasyConnectivity To The DVP And Gardiner Expressway, This Property Offers The Ideal Combination Of Luxury, Accessibility, And Dynamic CityLiving. Discover The Very Best Of Yorkville At 8 Cumberland.
Estimate your monthly payments for this property
Estimated Payment
$4,600.27/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.
8 Cumberland Street Unit 1602, 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
Premium Pricing
At $1486/sqft, this property is priced above the Yorkville average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 73 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.
Efficient Living
At 700 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: Yorkville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,333 (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.