$444,000
For sale: Apartment

This unit offers the rare advantage of walking into an investment with occupancy already taken care of-an appealing proposition for a buyer who would rather collect than coordinate; there is no vacancy to navigate, no leasing campaign to organize and no need to start from scratch. You are stepping into an asset with a tenant already calling it home and rental income actively in motion. What a place to own! Browsing on Bloor Street, coffee on Cumberland, dinner at Dimmi-anything you need from galleries to Galleria. The best of Yorkville is right at your doorstep. The suite itself is an efficient one-bedroom with a manageable footprint that makes sense for the neighbourhood. It gives a renter the essentials, while the location provides the lifestyle: walkability, culture, restaurants, shopping and a front-row seat to one of Toronto's most recognizable pockets. That is what makes this an appealing addition to a portfolio; not a speculative play in an up-and-coming pocket, not a renovation project eager for a vision, and not a vacant unit waiting for its first lease. It is a small, established asset in a neighbourhood that is highly connected, remarkably resilient, with a long track record of attracting people who want to live exceptionally well.
Sold data
Apartment homes in Toronto (Annex) took a median of 29 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 54, across 2,841 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.
The median sale price was $568,000.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 19% of sellers reduced their price before finding a buyer.
Based on 2,841 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Annex) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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