203-40 Oaklands Avenue, Toronto, ON
Yonge-St. Clair, Toronto · MLS® C12916340
About this home
40 Oaklands is a quietly admired boutique building in the heart of Summerhill - known for its strong sense of community, exceptional walkability, and discreet, secure atmosphere. One-bedroom suites here are seldom available, and true single-level living with no interior stairs is especially rare. Beautifully renovated by RTG Designs in 2017, this thoughtfully designed suite centres around a custom kitchen with an oversized island and integrated dining extension, opening to a bright living area with tailored built-ins and a walk-out to a private east-facing balcony set among the trees. Custom millwork continues throughout, including a built-in sideboard with wine fridge, media centre, and bookshelves. The spacious bedroom features a walk-in closet and access to a carefully finished bathroom with heated marble basketweave floors and classic white subway tile. Wide-plank white oak floors run throughout. A generous laundry and storage room adds everyday practicality rarely found in suites of this scale. Includes parking and locker. Easily accessed from the lobby yet quietly positioned within the building-an ideal combination of convenience and privacy. The Oaklands is a well-managed, pet-friendly boutique residence with part-time concierge (1-9 pm), visitor parking, bike storage, and car wash. EV charging installation permitted. Maintenance fees include cable and internet. Low property taxes. A calm, turnkey home just steps to Summerhill's shops, restaurants, parks, and transit-within one of the neighbourhood's most special boutique buildings.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C12916340
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 700-799
- Cross streets
- Avenue Rd/Cottingham St.
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,163/mo
- Exposure
- East
- Property tax
- $2,890 / 2025
- Days on market
- 119
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
walk-in closet(s) · bay window · hardwood floor
renovated · tile floor · heated floor
renovated · quartz counter · stainless steel appl
hardwood floor · open concept
open concept · b/i bookcase · w/o to balcony
Listed at $825,000, this home is about 34% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
In Yonge-St. Clair lately, sellers have been getting about 95% of asking and homes sell in about 34 days.
Based on 78 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 78 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $471K, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $764K
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $719K
That comparable adjusts to $719K; the $616K estimate above is the median of all 78 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Its public catchment (Cottingham Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Avenue Rd at Cottingham St South Side is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $616K, median of 78 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 22% above the area average of $900/sqft.
118 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Yonge-St. Clair, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Avenue Rd at Cottingham St South Side, about 87 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $660,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,522
- Property tax
- $241
- Condo / maintenance fees
- $1,163
- Heating
- $0
- Estimated monthly cost
- $4,926
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,975
- Toronto municipal land transfer tax
- $12,975
- Estimated closing costs
- $25,950
Plus your down payment of $165,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $211,320
- Principal paid down
- $84,051
- Interest paid
- $127,269
- Balance remaining
- $575,949
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.