88 Cumberland Street Unit 408, Toronto C02

Price: $699,000

2 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: C13448648

There are addresses in Toronto that don't need an introduction.88 Cumberland Street is one of them. Yorkville has a quality of life that's genuinely difficult to replicate anywhere else in the city, and this building sits in the middle of it rather than on the edges of it. That distinction matters more than it sounds when it becomes your daily life.The unit is a one-bedroom plus den - just over the threshold where Toronto condos start to feel like homes rather than compromises. The kitchen is the kind you actually use - stone island, built-in appliances, finishes that were chosen with intention. Hardwood throughout. A bedroom with a walk-in closet that earns the description. A balcony that gives you the city at a comfortable distance - mid-floor, settled, neither too close nor too removed.The den is worth mentioning specifically. Not a nook. Not a converted corner. A proper separate space with a door. In a one-bedroom condo in Toronto that is not a minor detail - it's the difference between a home office and a desk in the corner of your living room. For someone whose work follows them home, that door changes the quality of everything on both sides of it.Step onto the balcony and the city sits at exactly the right distance. Mid-floor - high enough to feel elevated, close enough to feel connected. The balanced view of a building that knows where it stands.Outside, Cumberland does the rest. Hermes around the corner. Eataly, Sassafraz, Sotto Sotto - all of it within the kind of walk that feels like a choice rather than a commute. Bloor-Yonge at your doorstep. The ROM two minutes west. The Mink Mile one street south. And beneath it all - the quiet confidence of a neighbourhood that has never needed to explain itself to anyone. A well-built unit in a well-regarded building on one of Toronto's best streets.

88 Cumberland Street Unit 408 - Condo photo 1 of 36 in Annex / Yorkville / Summerhill, Ontario
88 Cumberland Street Unit 408 - Condo photo 2 of 36 in Annex / Yorkville / Summerhill, Ontario
88 Cumberland Street Unit 408 - Condo photo 3 of 36 in Annex / Yorkville / Summerhill, Ontario
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88 Cumberland Street Unit 408 - Condo photo 5 of 36 in Annex / Yorkville / Summerhill, Ontario
88 Cumberland Street Unit 408 - Condo photo 6 of 36 in Annex / Yorkville / Summerhill, Ontario
88 Cumberland Street Unit 408 - Condo photo 7 of 36 in Annex / Yorkville / Summerhill, Ontario
88 Cumberland Street Unit 408 - Condo photo 8 of 36 in Annex / Yorkville / Summerhill, Ontario
88 Cumberland Street Unit 408 - Condo photo 9 of 36 in Annex / Yorkville / Summerhill, Ontario
88 Cumberland Street Unit 408 - Condo photo 10 of 36 in Annex / Yorkville / Summerhill, Ontario
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88 Cumberland Street Unit 408 - Condo photo 12 of 36 in Annex / Yorkville / Summerhill, Ontario
88 Cumberland Street Unit 408 - Condo photo 13 of 36 in Annex / Yorkville / Summerhill, Ontario
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88 Cumberland Street Unit 408 - Condo photo 26 of 36 in Annex / Yorkville / Summerhill, Ontario
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88 Cumberland Street Unit 408 - Condo photo 33 of 36 in Annex / Yorkville / Summerhill, Ontario
88 Cumberland Street Unit 408 - Condo photo 34 of 36 in Annex / Yorkville / Summerhill, Ontario
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active
New Listing
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$699,000 - 88 Cumberland Street Unit 408, Yorkville

Condo for Sale in Yorkville

New — Listed yesterday
2Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
C13448648
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
2
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Annex / Yorkville / Summerhill
Locker
None
Exposure
South
Balcony
Open
Listing Brokerage
RIGHT AT HOME REALTY
Description

There are addresses in Toronto that don't need an introduction.88 Cumberland Street is one of them. Yorkville has a quality of life that's genuinely difficult to replicate anywhere else in the city, and this building sits in the middle of it rather than on the edges of it. That distinction matters more than it sounds when it becomes your daily life.The unit is a one-bedroom plus den - just over the threshold where Toronto condos start to feel like homes rather than compromises. The kitchen is the kind you actually use - stone island, built-in appliances, finishes that were chosen with intention. Hardwood throughout. A bedroom with a walk-in closet that earns the description. A balcony that gives you the city at a comfortable distance - mid-floor, settled, neither too close nor too removed.The den is worth mentioning specifically. Not a nook. Not a converted corner. A proper separate space with a door. In a one-bedroom condo in Toronto that is not a minor detail - it's the difference between a home office and a desk in the corner of your living room. For someone whose work follows them home, that door changes the quality of everything on both sides of it.Step onto the balcony and the city sits at exactly the right distance. Mid-floor - high enough to feel elevated, close enough to feel connected. The balanced view of a building that knows where it stands.Outside, Cumberland does the rest. Hermes around the corner. Eataly, Sassafraz, Sotto Sotto - all of it within the kind of walk that feels like a choice rather than a commute. Bloor-Yonge at your doorstep. The ROM two minutes west. The Mink Mile one street south. And beneath it all - the quiet confidence of a neighbourhood that has never needed to explain itself to anyone. A well-built unit in a well-regarded building on one of Toronto's best streets.

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Estimated Payment

$3,586.23/mo

Includes CMHC insurance ($19,502)

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5-yr fixed avg.

Principal: $629,100Interest: $427,268
Mortgage Amount$648,602
Total Interest$427,268
Est. Property Tax$495/mo
Total Cost$1,075,870

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.

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Neighbourhood Guide: Annex / Yorkville / Summerhill

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

88 Cumberland Street Unit 408, Annex / Yorkville / Summerhill

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
2.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$325
Property Tax (est.)-$495
Insurance (est.)-$146
Net Cash Flow+$1,234

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1398/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.

Efficient Living

At 500 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 $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.

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    88 Cumberland Street Unit 408 | $699,000 | Battaglia Team