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Unit 609 at The Residences of 555 Yonge St

Sold

555 Yonge Street 609, Toronto C08, ON M4Y 3A6

MLS #C8106690

$627,000

Sold on May 30, 2024

May 30, 2024

Originally listed at $650,000 18 days on market

About This Property

Live the urban dream in this dynamic condo at Yonge & Wellesley. Designed for the needs of young professionals, it has a split bedroom layout (+ 2 full baths) integrating personal space with communal living areas. With TMU, UofT, and Toronto General mins away, it is an enticing investment opportunity. Seize the possibilities presented by the new price and revel in the convenience of accessing Toronto's premier dining, shopping, and entertainment destinations. With a flawless transit & walk score of 100, getting around is a breeze, aided by the inclusion of one parking spot. The suite is flooded with natural light from its east-facing windows and 9ft ceilings that frame a fantastic view of Toronto's iconic skyline. Enjoy access to the buildings deluxe amenities, from a state-of-the-art gym and elegant party room to a rooftop garden, BBQ area, and sauna. You'll breathe easy in this well-managed building, perfectly positioned for those seeking refuge from the city's hustle & bustle.

Investment Analysis

Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($1026/mo) and property tax ($2,412/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$765/sqft
Church-Yonge Corridor
$849/sqft-9.9%
Toronto C08
$884/sqft

Fair Market Price

Analysis based on 0 sales and 0 leases in this building. Unit size estimated at 850 sqft.

Property Details

Bedrooms

2

Bathrooms

2

Square Feet

800-899 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeUnderground
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryNo
Corp #TSCC-1127
MLS Size800-899
Listed OnFeb 29, 2024
Maintenance Fees$1,026/month
Property Tax$2,412/year

Property Details Available

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Rooms

NameSize (m)Size (ft)Features
Living Room(Flat)2.9 x 5.69.5 x 18.4-
Living Room(Flat)2.9 x 5.69.5 x 18.4-
Living Room(Flat)2.9 x 5.69.5 x 18.4-
Dining Room(Flat)2.9 x 5.69.5 x 18.4-
Dining Room(Flat)2.9 x 5.69.5 x 18.4-
Dining Room(Flat)2.9 x 5.69.5 x 18.4-
Kitchen(Flat)2.3 x 2.87.5 x 9.2-
Kitchen(Flat)2.3 x 2.87.5 x 9.2-
Kitchen(Flat)2.3 x 2.87.5 x 9.2-
Primary Bedroom(Flat)2.7 x 4.98.9 x 16.1-
Primary Bedroom(Flat)2.7 x 4.98.9 x 16.1-
Primary Bedroom(Flat)2.7 x 4.98.9 x 16.1-
Bedroom(Flat)3.6 x 2.611.8 x 8.5-
Bedroom(Flat)3.6 x 2.611.8 x 8.5-
Bedroom(Flat)3.6 x 2.611.8 x 8.5-

Room Dimensions Available

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Price History

Original List Price

$650,000

Listed on Feb 29, 2024

Sold Price

$627,000

Sold on May 30, 2024

-$23,000

-3.5%

18 days on market

Price History Available

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OQ

Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Building Information

Building NameThe Residences of 555 Yonge St
Address555 Yonge Street, Toronto C08
Parking TypeUnderground

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About Unit 609 at The Residences of 555 Yonge St

Unit 609 is a residential condo & other with 2 bedrooms, 2 bathrooms spanning approximately 800-899 square feet located at The Residences of 555 Yonge St, 555 Yonge Street, Toronto C08. This unit is currently sold (sold for $627K).

About The Residences of 555 Yonge St

The Residences of 555 Yonge St is located at 555 Yonge Street, Toronto C08. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.

Church-Yonge Corridor Neighbourhood

This unit is located in Church-Yonge Corridor, part of Toronto C08 in the Toronto area. Explore more condos for sale and rent in this community.

Whether you're looking to buy, sell, or rent at The Residences of 555 Yonge St, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.

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