The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
An exceptional opportunity to enjoy a maintenance-free lifestyle in the heart of Yonge & Summerhill! Unit 516 is an exceptionally spacious 1,471 sq. ft. residence offering generous principal rooms, tons of natural light and beautiful south- and east-facing treetop views. An ideal city home for downsizers, the thoughtful layout is perfect for both everyday living and entertaining. Dramatic curved wrap-around windows fill the expansive living room with light and frame the wonderful treed views, while a fireplace and custom built-ins add warmth and character. The separate formal dining room comfortably seats eight and offers a beautiful setting for dinner parties and gatherings. The updated kitchen features stone countertops, tiled backsplash, stainless steel appliances and ample cabinetry. Hardwood floors throughout.The spacious primary retreat features a large walk-in closet with custom built-ins and a modern ensuite with floating double vanity, deep soaker tub and separate glass-enclosed shower. A generous second bedroom and second full bathroom complete the space. The Ports is a coveted boutique building in one of Toronto's most desirable neighbourhoods, offering 24-hour concierge, gym, sauna, games room, private gardens and tennis court. Automatic accessibility doors provide convenient access to Yonge Street and the parking levels, along with a mobility access ramp. Enjoy the very best of Summerhill just outside your door - a short walk to incredible restaurants, cafés, shops and boutiques, Summerhill TTC station and nearby ravine trails for walking, running and hiking. Includes one underground parking space and a private locker room conveniently located directly behind the parking space.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$7,133/mo
Mortgage (principal + interest)$4,485
Property taxFrom listing: $5,972/yr$498
Condo feesFrom listing$2,150
Minimum $94,900 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$239,800
Ontario land transfer taxProvincial brackets, no first-time refund$20,455
Toronto land transfer taxMunicipal brackets, no first-time refund$20,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$283,510
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
