40 Oaklands Avenue, Toronto, ON

$1,995,000
MLS#:C8389150
2 beds
3 baths
2250-2499 sqft
2.0 parking
Residential Condo & Other
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey condo apartment located in the coveted neighborhood of Yonge-St. Clair. Expertly crafted featuring premium brick front construction, this residence presents an exceptional opportunity offered at $1,995,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 3 Bathrooms
  • Generous living space spanning 2250-2499 sqft
  • 2.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free, Built-In Oven
  • equipped with central air central cooling and highly efficient forced air heating via electric

Description

Located in the heart of midtown, this 2 bedroom, 3 bathroom, 2 storey corner suite boasts over 2300 SF of light filled living space and has an amazing west facing 800 SF terrace that you will be hardpressed to find in the neighbourhood! Offering a reversed floor plan, the oversized living room is fabulous since it is located on the upper level, allowing homeowners to capture the sunny tree-lined views from the wall to wall windows, enjoy the wood burning fireplace and host intimate gatherings away from the remainder of the suite. The living room is spacious enough to create one large formal living room, a combined living and dining area or separate seating areas if you desire. As you head to the main terrace level, you are greeted with an oversized Chef's Kitchen which features a large centre island with breakfast bar seating, additional space for a breakfast table if needed, plus an abundance of counter and pantry space with top of the line stainless steel appliances. Off the Kitchen you have another spacious open concept room, which can be used for either dining or an additional intimate family room. The west-facing 800 SF terrace is vast and provides enough room for you to design and create the space as you see fit, while hosting outdoor gatherings and BBQ's. The oversized primary suite offers an additional private balcony along with a walk-in closet with closet organizers and a roomy 5 piece ensuite bathroom, while the second bedroom features an extra large wall to wall closet with built-in organizers, a spacious bedroom and 4 piece ensuite bathroom. This versatile layout offers you an opportunity to make this your own and really style the suite in a way that best suits your lifestyle - with the abundance of indoor and outdoor living areas. Seller is willing to cover 50% of the maintenance fees for 2 years - please speak to the listing agent about details.

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Key Features

Bedrooms
2
Bathrooms
3
Kitchens
1
Living Area
2250-2499 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJuly 23, 2024
Sold price information is available to members only
Listed Date5/30/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural Style2-Storey
ConstructionBrick Front
BasementNone
CountyToronto
Annual Tax$7,115.8

Parking & Garage

Parking Spaces2.0
Garage TypeUnderground

Heating & Cooling

Heat SourceElectric
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Library, Park, Place Of Worship, Public Transit, School, Cul de Sac/Dead End

Interior Features

Carpet Free, Built-In Oven

Security Features

Security Guard, Security System

Community Features

Location

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40 Oaklands Avenue, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 40 Oaklands Avenue 301, Toronto C02, ON M4V 2Z3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$399,000 (20.0%)
* Minimum Canadian down payment required for this price is $399,000.
Amortization Period25 Years
Estimated Monthly Payment$9,511Based on a loan of $1,596,000 over 25 years.
Purchase Price$1,995,000
Loan Amount$1,596,000
Provincial Land Transfer Tax:$36,375
Toronto Municipal Land Transfer Tax:$36,375
Total Estimated Closing Taxes:$72,750

About Purchasing a Home in Toronto, ON

For a property listed at $1,995,000 in Toronto, the legal minimum down payment is $399,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $36,375 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $36,375 also applies, bringing the total estimated land transfer taxes to $72,750.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,165,469

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Monica
Public14 Broadway Avenue, Toronto, Ontario, M4P 1T4
6.9
Deer Park
Public23 Ferndale Avenue, Toronto, Ontario, M4T 2B4
6.9
St Anselm
Public182 Bessborough Drive, Toronto, Ontario, M4G 3J9
8.7
Blythwood
PublicToronto, Ontario, M4G 0A6
9.4
Our Lady of Perpetual Help
Public1 1/2 Garfield Avenue, Toronto, Ontario, M4T 1E6
9.7

Secondary Schools

North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4
Northern
Public851 Mount Pleasant Road, Toronto, Ontario, M4P 2L5
8.2
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
Leaside
Public200 Hanna Road, Toronto, Ontario, M4G 3N8
9.1
Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.