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$498,000
5940 Yonge Street · Toronto · Ontario M2M 4M6
153 days on market
Spacious 2 Split Bedroom, 2 Bath Unit Near Yonge & Finch! Featuring 9 Ft Ceilings, An Open Concept Living & Dining Area, Plus 1 Parking & 1 Locker. Bright And Functional Layout Ideal For Comfortable Urban Living. Located In The Heart Of North York With Exceptional Convenience Steps To Yonge & Finch Subway Station, TTC, Restaurants, Cafes, Grocery Stores, Shopping, Parks, And The North York Central Library. Easy Access To Hwy 401 Makes Commuting Simple. Vibrant, Family-Friendly Community With Exc…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
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Seller signals
↓ $12KPrice reduction
MLS shows the seller reduced the asking price by $12,000 (from $510,000 to $498,000).
Motivated SellerWhy this label
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: CITYSCAPE REAL ESTATE LTD.
Source: TRREB/PROPTX · MLS® C13166420
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~950 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 37% of your true cost of ownership. The other 63% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $22,671 | $1,889/mo |
| Government & taxes | ||
| Property tax | $2,398 | $200/mo |
| Land transfer tax(closing) | $6,435 | $536/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $4,980 | $415/mo |
| Condo fees | ||
| Condo / HOA fees | $13,332 | $1,111/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $60,477 | $5,040/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.