MLS® listing
5949 Yonge Street 1608: co-ownership apartment for sale
$324,999
From the listing brokerage
Panoramic Penthouse View at 5949 Yonge St. (Sedona Place). Elevated living in the heart of Yonge & Finch. Near the NEW Steels Station. This top-floor suite offers a bright, functional space topped with an open balcony and sweeping panoramic views. No Board Approval needed. It is a co-ownership building, buyer buying a registered share of the entire building(your ownership is on title), along with the exclusive right to live in your unit, use your car park and locker room. Approx. 964 sq. ft. + 107 sq. ft. | 1 Parking | Open Balcony with Unobstructed Views | 2 Beds + Den | 1 Bath | 1 Locker Room on Basement. New underground parking coming in 2032. The monthly maintenance fee, $1565.19 includes building maintenance and common expenses, parking, utilities, and property taxes -> simplifying ownership with one steady payment. Why we love it: 1.Top-Floor Advantage: Rare penthouse-level positioning with no neighbors above and unmatched vistas. 2.Space to Grow: Two true bedrooms plus a versatile den-perfect for a home office or nursery with balcony walk-out. 3.All-In Ownership: Monthly maintenance covers utilities, parking, locker, building upkeep, and property taxes. 4. Transit: A 10-minute walk to Finch Station (TTC/GO/YRT) and steps from groceries and parks. NEW STEELES station in 2030! Experience high-floor tranquility at a price point that makes sense. Financing is available through credit unions - ask us! We are helpful and can provide details.
Facts on the listing
| Square feet | 900-999 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | None |
| Heating | Radiant |
| Cooling | Wall Unit(s) |
| Kitchens | 1 |
| Maintenance fee | $1,565 |
| Property tax | |
| Tax year | 2026 |
| Locker | Exclusive |
| Pets | Yes-with Restrictions |
| Exposure | West |
| Fee includes | Heat Included, Hydro Included, Water Included, Common Elements Included, Building Insurance Included, Parking Included, Condo Taxes Included |
| Balcony | Open |
| Laundry | Ensuite |
| Parking | Surface |
| Interior features | None |
| View | Clear, Panoramic, City, Skyline |
| Floor | 16 |
Listing courtesy of RE/MAX REALTRON REALTY INC.. MLS® C13619866.
About this co-ownership apartment
5949 Yonge Street 1608 is a 3 bedroom co-ownership apartment in TRREB's Newtonbrook East community in Toronto, listed for sale at $324,999. The listing shows 1 bathroom and 900-999 square feet. The style is given as apartment. The unit faces west. It comes with 1 parking space and a locker (exclusive) according to the listing. The nearest main intersection given is Yonge St/Cummer Ave.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
What it costs to buy 5949 Yonge Street 1608
At the asking price of $324,999, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $324,999 |
|---|---|
| Ontario land transfer tax | $3,350 |
| Toronto municipal land transfer tax | $3,350 |
| Both taxes | $6,700 |
| First-time buyer relief, if you qualify | up to $6,700 |
| Minimum down payment | $16,250 |
The down payment figure is the federal minimum: 5 percent of the price. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $1,565 a month |
|---|
The listing says the maintenance fee includes heat, hydro, water, common elements, building insurance, parking and condo taxes. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space and a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 5949 Yonge Street 1608
How much is land transfer tax on 5949 Yonge Street 1608?
At the asking price of $324,999 the Ontario tax is $3,350 and the Toronto tax is $3,350, $6,700 in total. A first-time buyer who qualifies can get up to $6,700 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 5949 Yonge Street 1608?
$16,250 at the asking price of $324,999, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 5949 Yonge Street 1608?
The listing shows $1,565 a month, including heat, hydro, water, common elements, building insurance, parking and condo taxes. Check the current fee in the status certificate.
How do I book a showing for 5949 Yonge Street 1608?
Use the form on this page or call us. Quote MLS® C13619866. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 5949 Yonge Street 1608 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). 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. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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