942 Yonge Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Annex. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $579,900 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 1 Bathroom
- Generous living space spanning 600-699 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to The Memphis - a hidden gem tucked away in between Yorkville and Rosedale, featuring a private gated entrance. This spacious 1 bed + den offers 680 sq ft of bright living space with large North facing windows and a peaceful neighbourhood street view. The wrap around kitchen has full sized appliances, tons of counter space, storage and a breakfast bar area. The spacious primary fits a king, and the den has a large enough size to be used as a second bedroom, office or extra living space. The Memphis delivers where it counts - 24-hour concierge, gym, sauna, rooftop terrace, and all utilities included in the maintenance fees. Steps to Whole Foods, Eataly, top restaurants, boutique shops, parks, and both subway lines - Rosedale and Bloor-Yonge. 1 oversized locker and parking included.
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 942 Yonge Street 506, Toronto C02, ON M4W 3S8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $579,900 in Toronto, the legal minimum down payment is $32,990 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 $8,073 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $8,073 also applies, bringing the total estimated land transfer taxes to $16,146.
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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.
