$989,000
Toronto
#501 80 Cumberland Street, Toronto (Annex), Ontario, M5R3V1
This 2-bedroom, 3-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. Its $989,000 asking price sits right in line with the $1,029,000 median in Toronto.
An exceptionally rare two-storey loft in the heart of prestigious Yorkville offers the perfect blend of urban sophistication and residential comfort. This stunning south-facing residence delivers the feel of a private home while placing you steps from the very best of downtown Toronto living. Spanning approximately 1,054 sq ft, this thoughtfully designed layout is highlighted by dramatic 17-foot ceilings that create an extraordinary sense of space and openness. Expansive windows flood the unit with natural light, enhancing the loft's warm, contemporary character and showcasing its impressive architectural scale. Enjoy seamless indoor-outdoor living with not one but two private south-facing balconies overlooking the vibrant intersection of Cumberland and Bay Streets. Whether enjoying your morning coffee, unwinding with a good book, or entertaining guests in the evening, these outdoor spaces provide the perfect setting to take in the energy and charm of Yorkville. Ideally situated just steps from Bay Subway Station, this coveted address places Toronto's finest amenities at your doorstep, including world-class dining, luxury boutiques, designer shopping, cultural landmarks, and an exciting nightlife scene, all within easy walking distance. Adding exceptional value to this rare offering are amenities seldom found in the neighbourhood, including a highly sought-after parking space and an exclusive-use storage locker of approximately 65 square feet, providing valuable convenience and storage in one of the city's most desirable communities. More than just a residence, this remarkable loft represents a unique lifestyle opportunity in one of Toronto's most exclusive and sought-after enclaves. Rarely available and exceptionally well positioned, this is your chance to own a truly distinctive home in the heart of Yorkville. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 56 days on market, against an average age of 58 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 2-bed single family in Toronto (Annex) has been listed for 56 days, which is 2 days fresher than the city average of 58. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $989,000, about 11.5× the local median household income of $86,000.
Carrying it typically needs a household income of about $193,186 (20% down, 25-yr amortization, stress-tested) — roughly 125% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5R)
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Loading rates, 30-yr amortization
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