A perfect blend of style, comfort, and convenience living in city lifestyle awaits! This Stunning Condo Offers Plenty of Space For You To Call Home, open-concept layout and breathtaking panoramic city views. Floor-to-ceiling windows, Tons of natural light, creating an airy and inviting atmosphere. Step out to a large private balcony, accessible from both the living area and bedroom-so perfect to enjoy your own outdoor space, relax after long working day.T he spacious bedroom offers a good sized closet, combining comfort with smart, functional storage. Nestled in a highly sought-after neighbourhood, this exceptional residence offers unbeatable convenience, just moments from Finch Station, transit, shopping, restaurants, and everyday amenities.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $798 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 #1606
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 #1606 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14124844$398,888
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 5508 Yonge St #1606 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$1,960
/mo
based on the purchase price of $398,888
$79,778 cash
$319,110 financed
$268,774 total interest
Principal54%$319,110
Interest46%$268,774
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1-bed homes for sale in Toronto around $399K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4991.3%On average, homes sold at or above asking.
Active listings12,546Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 1 – Jul 30, 2026.
Based on 9,504 sales from Jul 30 – Oct 28, 2026 (6,943 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
2 for sale · 3 for rent at 5508 Yonge St — plus its sale and lease history.
5508 Yonge St #1606 is listed at $398,888 (MLS® C14124844). Summitly updates the price as soon as the MLS® record changes.
Is $398,888 a good price for 5508 Yonge St #1606?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 #1606 changed?
No — 5508 Yonge St #1606 is still listed at its original asking price of $398,888.
How many bedrooms and bathrooms does 5508 Yonge St #1606 have?
5508 Yonge St #1606 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
How much would the monthly mortgage be on 5508 Yonge St #1606?
About $1,960 a month — principal and interest on $398,888 with 20% down ($79,778), 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 #1606 compare with other homes in Toronto?
Its asking price of $398,888 is about 53% below the median sold price in Toronto over the last 90 days, $840,000, across 9,504 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 #1606 been sold before?
Summitly has no earlier MLS® sale or lease of 5508 Yonge St #1606 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 5508 Yonge St #1606?
5508 Yonge St #1606 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5508 Yonge St #1606 been on the market?
5508 Yonge St #1606 was listed today (October 28, 2026).
What is the price per square foot of 5508 Yonge St #1606?
About $666 to $798 per square foot: the asking price of $398,888 over the 500–599 sq ft the listing gives as its size range.
Does 5508 Yonge St #1606 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 5508 Yonge St #1606 have a basement, and is it finished?
The listing says 5508 Yonge St #1606 has no basement.
