$1,500,000 - 8 Cumberland Street Unit 3506, Yorkville
Condo for Sale in Yorkville
New — Listed yesterday- MLS Number
- C13423284
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- None
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RE/MAX PREMIER INC.
Fabulous 2023 Built - condo by Great Gulf and Phantom Developments in the heart of Yorkville!! South east corner unit, Split 2 bedrooms and den. 2 full bathrooms, Custom Built 3x8 Foot Island suitable to sit 10 people. Open concept kitchen, dining and living room. Spectacular East Unobstructed views. Balcony. Beautiful laminate floors. Quartz counters. Floor to ceiling windows. Wonderful amenities: yoga room, lounge/bar, outdoor terrace and BBQ, pet spa, state of the art gym, 24 hour concierge. Steps to TTC, great shops, restaurants, cafes, Yorkville Village, Eataly and all you need and desire!! Move right in!! **EXTRAS** Great full size parking spot close to the elevator. Maintenance fee includes basic internet with Bell.
Estimate your monthly payments for this property
Estimated Payment
$6,635.01/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 3506, Annex / Yorkville / Summerhill
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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
Premium Pricing
At $1500/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.
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 $6,250 (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.