Elevate your everyday in this stunning 1-bedroom penthouse, offering bright, open-concept living and spectacular views from high above the city. Floor-to-ceiling windows fill the suite with natural light, while an expansive balcony-accessible from both the living area and bedroom-creates the perfect outdoor retreat for morning coffee, evening drinks, or simply taking in the skyline. The generously sized bedroom features a large closet with custom built-ins, providing exceptional storage and organization. Perfectly positioned in a highly sought-after neighbourhood, you're just steps from Finch Station and moments from shopping, restaurants, everyday conveniences, and easy access to Highway 401. A rare opportunity to enjoy the views, privacy, and elevated lifestyle that only penthouse living can offer.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $1,098 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 5508 Yonge St #PH03
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
500-599 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
5508 Yonge St #PH03 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,697
/mo
based on the purchase price of $549,000
$109,800 cash
$439,200 financed
$369,922 total interest
Principal54%$439,200
Interest46%$369,922
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Toronto
Other 1-bed homes for sale in Toronto around $549K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4900.6%On average, homes sold at or above asking.
Active listings12,857Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 16 – Jul 15, 2026: prices up.
Based on 9,684 sales from Jul 15 – Oct 13, 2026 (6,629 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
3 for sale · 3 for rent at 5508 Yonge St — plus its sale and lease history.
5508 Yonge St #PH03 is listed at $549,000 (MLS® C13696256). Summitly updates the price as soon as the MLS® record changes.
Is $549,000 a good price for 5508 Yonge St #PH03?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 5508 Yonge St #PH03 changed?
No — 5508 Yonge St #PH03 is still listed at its original asking price of $549,000.
How many bedrooms and bathrooms does 5508 Yonge St #PH03 have?
5508 Yonge St #PH03 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 5508 Yonge St #PH03 close to transit?
The nearest rapid-transit station is Finch Station (Line 1), about 330 m (about a 4-minute walk) in a straight line. North York Centre Station is about 1.1 km (about a 14-minute walk), and Sheppard-Yonge Station is about 1.9 km (about a 24-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 5508 Yonge St #PH03?
About $2,697 a month — principal and interest on $549,000 with 20% down ($109,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 5508 Yonge St #PH03 compare with other homes in Toronto?
Its asking price of $549,000 is about 35% below the median sold price in Toronto over the last 90 days, $848,250, across 9,684 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 5508 Yonge St #PH03 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 5508 Yonge St #PH03 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 5508 Yonge St #PH03?
5508 Yonge St #PH03 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5508 Yonge St #PH03 been on the market?
54 days — 5508 Yonge St #PH03 was listed on August 20, 2026.
What is the price per square foot of 5508 Yonge St #PH03?
About $917 to $1,098 per square foot: the asking price of $549,000 over the 500–599 sq ft the listing gives as its size range.
Does 5508 Yonge St #PH03 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
