188 Cumberland Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment common element condo located in the coveted neighborhood of Annex. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $499,000 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.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 0-499 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to Cumberland Towers in Yorkville - Toronto's most prestigious and vibrant community. This residence defines modern elegance with 9 foot smooth ceilings and expansive floor-to-ceiling windows that bathe the space in natural light. The kitchen features custom cabinetry and fully integrated Miele appliances. This suite has been well loved by its owner for the past 5 years and is ideal for the working professional, first time homebuyer or investor! Perfectly positioned at the prestigious corner of Avenue Road and Cumberland Street, Cumberland Tower offers an elite, hotel-style living experience in the heart of Toronto's iconic Bloor-Yorkville neighbourhood. This premier luxury residence provides unparalleled white-glove service including a 24-hour concierge, valet parking, and dedicated porter assistance complemented by world-class amenities: a state-of-the-art fitness hub, an indoor pool with a poolside lounge, and a sophisticated and tranquil rooftop terrace garden. Residents are seamlessly integrated into the high-fashion fabric of the community, with an upscale retail podium at their doorstep and the legendary "Mink Mile," Holt Renfrew, the Royal Ontario Museum, and University of Toronto just steps away. With an exceptional Transit Score and mere minutes from both Bay and Bloor-Yonge stations, this address represents the pinnacle of sophisticated urban convenience and refined lifestyle.
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Pricing & Value Insights
Data-driven valuation for 188 Cumberland Street 709, Toronto C02, ON M5R 0B6
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 $499,000 in Toronto, the legal minimum down payment is $24,950 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 $6,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,455 also applies, bringing the total estimated land transfer taxes to $12,910.
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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.
