MLS® listing
40 Oaklands Avenue 321: condo apartment for sale
$1,250,000
From the listing brokerage
Looking to Transform an Expansive and Well-Maintained Residence into your Dream Home? This Wonderful 1697sqft East-Facing 2-Storey Town Home Style Abode Offers a Spectacular Opportunity to Update to your Heart's Content! Designed by DuBois Plumb & Associates and Recipient of the Governors General Award for Architecture, The Oaklands, a Low-Key Luxury Building, Conveniently located just off Avenue Rd between Davenport and St. Clair in the Cottingham School District. The Elegant Layout features a Sprawling, Open Concept Living Room with Fireplace, Large East-Facing Windows Overlooking Front Gardens, Open Concept Dining Room Leading to the Large Outdoor Patio. Two Generous Bedrooms with Large Closets and Terraces. Primary Retreat Offers 4pc Bathroom with Soaker Tub and Separate Shower, Ample Closet Space. Large Laundry/Utility Room Provides Extra Storage and 200 AMP electric panel. Upgraded Parking Space with EV Charging. This Gem of a Building Welcomes Residents with a Wonderful Management, Concierge and Superintendent Team, Lush Landscaping, Light-Filled Atrium, Conveniences of a Car Wash, Visitor Parking and fees which include Water, Building Insurance, Common Elements, Rogers Cable and Internet. Hydro is Separately Metered. Lovely Neighbourhood with Great Parks, Restaurants, Shops and Summerhill subway station just moments away! Great Opportunity to Bring your Vision to Life and Create your Dream Home! More: Theoaklands.ca
Facts on the listing
| Square feet | 1600-1799 |
|---|---|
| Approximate age | 31-50 |
| Style | 2-Storey |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Baseboard |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $2,551 |
| Property tax | $6,369 |
| Tax year | 2026 |
| Locker | None |
| Pets | Yes-with Restrictions |
| Exposure | East |
| Fee includes | Common Elements Included, Water Included, Cable TV Included, Building Insurance Included, Parking Included |
| Building amenities | Car Wash, Concierge, Elevator, Visitor Parking |
| Balcony | Open |
| Laundry | Ensuite, In-Suite Laundry |
| Parking | Underground |
| Interior features | Central Vacuum, Separate Heating Controls, Separate Hydro Meter |
| Features | Clear View, Electric Car Charger, Park, Public Transit, School, Place Of Worship |
| View | Garden, Clear |
| Floor | 3 |
Listing courtesy of KELLER WILLIAMS REFERRED URBAN REALTY. MLS® C13810582.
About this condo apartment
40 Oaklands Avenue 321 is a 2 bedroom condo apartment in TRREB's Yonge-St. Clair community in Toronto, listed for sale at $1,250,000. The listing shows 3 bathrooms and 1600-1799 square feet. The style is given as 2-storey. The unit faces east. It comes with 1 parking space and an underground garage according to the listing. The nearest main intersection given is Avenue Rd and Oaklands. The age is listed as 31-50 years.
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.
Building amenities on the listing: car wash, concierge, elevator and visitor parking.
What it costs to buy 40 Oaklands Avenue 321
At the asking price of $1,250,000, 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 | $1,250,000 |
|---|---|
| Ontario land transfer tax | $21,475 |
| Toronto municipal land transfer tax | $21,475 |
| Both taxes | $42,950 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $100,000 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. 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 | $2,551 a month |
|---|---|
| Property tax (2026) | $6,369 a year, about $531 a month |
| Fee and tax together | about $3,082 a month |
The listing says the maintenance fee includes common elements, water, cable tv, building insurance and parking. 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.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $1,250,000, which is $700,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
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. 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. 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 40 Oaklands Avenue 321
How much is land transfer tax on 40 Oaklands Avenue 321?
At the asking price of $1,250,000 the Ontario tax is $21,475 and the Toronto tax is $21,475, $42,950 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 40 Oaklands Avenue 321?
$100,000 at the asking price of $1,250,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 40 Oaklands Avenue 321?
The listing shows $2,551 a month, including common elements, water, cable tv, building insurance and parking. Check the current fee in the status certificate.
How much is the property tax on 40 Oaklands Avenue 321?
The listing shows $6,369 a year for 2026, about $531 a month.
Is 40 Oaklands Avenue 321 priced above or below the median?
It is listed at $1,250,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $700,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 40 Oaklands Avenue 321?
Use the form on this page or call us. Quote MLS® C13810582. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 40 Oaklands Avenue 321 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.
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