Welcome To
5949 Yonge St #601
The Smart Way to Own More Home for Less Money
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Owning a home in Toronto rarely feels this straightforward.
At 5949 Yonge Street #601, clarity meets comfort in a way that’s increasingly rare in the city’s real estate market. This isn’t a condo. It’s co-ownership—a model that offers real space, real predictability, and real value, without the inflated condo price tag.
Here, for under $400,000, you can own a fully renovated two-bedroom home—with a den, a full-sized balcony, and more than 950 square feet of living space—in one of North York’s most connected neighbourhoods.
Inside the Home
Renovated in 2017, this suite has the kind of warmth and functionality that’s hard to find in newer builds. Espresso-hued parquet floors add depth and character throughout, while crown moulding brings a tailored finish to every room. The kitchen has been thoughtfully updated with modern finishes that make everyday living easy, and the bathroom feels crisp and contemporary.
The layout is generous and sensible: two proper bedrooms, a den that easily doubles as a home office or nursery, and a living and dining space that doesn’t require compromise. The primary bedroom includes a walk-in closet—the kind of real storage most condos can only dream of.
And then there’s the balcony. Nearly 90 square feet of outdoor space, facing south for all-day light and open views. It’s accessible from the den, perfect for a morning coffee, an evening glass of wine, or a small container garden that actually thrives.
An in-suite washer/dryer combo adds convenience, and the rough-in for air conditioning is already in place behind the crown moulding. The building is also Bell fibre-ready for high-speed internet.
Financial Confidence Built In
Ownership here comes with a level of predictability that’s rare in Toronto real estate. The monthly maintenance fee of $1,423.68 covers heat, hydro, water, property taxes, and building maintenance (including parking), making it easy to plan and manage household costs. Instead of juggling separate bills, everything is consolidated into one steady monthly payment.
Because this is co-ownership, buyers typically need a 25–35% down payment, and financing is typically arranged through local credit unions familiar with this ownership model. The board maintains a vetted list of approved lenders who understand the structure and we can guide buyers through the process with confidence.
For those who value stability and clarity, this is ownership that feels straightforward and manageable.
About the Building
The building is quiet, well-managed, and home to residents who value community and calm over concierge services. The exterior shows its age, but the fundamentals are solid and the interior spaces are refreshed where it counts.
Parking is currently located a block away, a temporary arrangement that’s expected to shift underground in about eight years. For now, it’s secure, reliable, and included in the monthly cost.
The Neighbourhood
Located just south of Finch, this home offers all the perks of Willowdale and Newtonbrook—without the premium price. You’re a 10-minute walk to Finch Station (with TTC, GO, and York Region Transit connections), a 5-minute walk to groceries, and surrounded by quiet side streets and established homes. Everything you need is close, and everything you don’t need—like noise and congestion—feels a little farther away.
Why It Works
5949 Yonge Street #601 is for buyers who see through the hype. For those who want size, quality, and financial predictability—and who understand that smart value doesn’t mean settling. It’s a home that delivers what truly matters: space to live comfortably, the security of knowing exactly what you’ll pay each month, and the pride of owning something real in a city where that’s becoming increasingly rare.
What You Need to Know about Co-Ownership Buildings
Buying into a co-ownership isn’t like buying a typical condo—but that’s not a bad thing. In fact, for many Toronto buyers, it can be a smarter, more accessible way to own in the city.
Here’s how it works: when you purchase in a co-ownership, you’re buying a registered share of the entire building (your ownership is on title), along with the exclusive right to live in your specific unit. You’re also joining a Co-ownership Corporation, which manages the building much like a condo board does—overseeing budgets, maintenance, and community decisions.
You can mortgage your share (usually through local credit unions), sell it whenever you choose, and even vote or sit on the board that helps guide how the building runs. Like any multi-unit property, owners contribute to shared expenses—things like maintenance, insurance, and property taxes—based on the size of their unit.
Before any sale, an Estoppel Certificate confirms that the building’s finances and insurance are in order—transparency that protects every owner.
For buyers priced out of conventional condos or simply looking for better value, co-ownership offers a practical alternative: real ownership, real community, and fewer barriers to entry. It’s a model that’s been quietly working in Toronto for decades—just waiting for more people to notice.
Want more specifics about financing a unit in a co-ownership building? Check out this detailed breakdown by one of the vetted lenders approved by the management at 5949 Yonge St.
5 Things We Love
- The Location That Connects You to Everything. A 10-minute walk to Finch Station puts the TTC, GO, and York Region Transit all within easy reach. Groceries, cafes, and everyday essentials are just a short stroll away, making car-free living not just possible—but practical.
- Real Space, Real Comfort. With more than 950 square feet, two full bedrooms, and a den, this home feels like a proper residence—not a condo compromise. The thoughtful 2017 renovation brought warmth, functionality, and character through espresso parquet floors, crown moulding, and updated finishes throughout.
- Smart Value in a Great Neighbourhood. For under $400K, you’re getting the space, style, and convenience of a renovated condo—without the price tag to match. The co-ownership structure makes homeownership accessible in a part of North York where most buyers are priced out.
- Schools That Make Life Easier. Located within the catchment for highly rated schools, this home offers more than just financial value—it offers peace of mind for families planning ahead.
- A Balcony That Feels Like an Extra Room. The south-facing balcony stretches nearly 90 square feet, with open views and all-day natural light. It’s the perfect spot for morning coffee, a container garden, or a quiet evening unwind.
Floor Plans
3-D Walk-through
About Willowdale and Newtonbrook
Willowdale and Newtonbrook are the kind of neighbourhoods that remind people why they fell in love with Toronto in the first place—connected, cultured, and quietly full of life. Stretching along the central spine of Yonge Street north of Sheppard, the area has a character that’s both established and evolving. It’s where longtime locals and new arrivals share the same favourite cafés, line up for the same bubble tea, and watch the same sunset from Mel Lastman Square.
At the heart of it all, Yonge Street keeps the neighbourhood buzzing. The mix is eclectic—Korean barbecue next to Persian bakeries, tucked between cozy coffee shops and big-name retailers. Shopping is effortless, whether it’s grabbing last-minute groceries at Khorak, waiting for the new HMart to open just a few minutes south in the M2M building, or spending a Saturday wandering through Centrepoint Mall fifteen minutes north.
Culture runs deep here. Mel Lastman Square is the neighbourhood’s front porch, hosting outdoor festivals, concerts, and an ice-skating rink in winter. Just around the corner, the Meridian Arts Centre brings Broadway productions, symphony performances, and community events to life. It’s a rare mix of small-town warmth and big-city energy—and it all happens without having to venture downtown.
Green space is woven right into the rhythm of daily life. The Finch Hydro Corridor runs like a green artery across the neighbourhood, offering a long biking and walking trail where you’ll find cyclists, runners, and dog-walkers making the most of their mornings. And soon, even more greenery is coming: a new linear park is planned across from Yonge and Cummer, alongside the future Newtonbrook Community Centre, which will add fresh amenities and gathering spaces to the area.
Getting around couldn’t be easier. Finch Station—with the TTC subway, GO Bus, and York Region Transit terminals—is about a ten-minute walk, connecting residents to the rest of Toronto and beyond. The area also sits along the alignment for the future Yonge North Subway Extension, which will make transit access even better in the years ahead.
For families, education is a major draw. The neighbourhood’s schools have strong reputations and a wide range of programs: Lillian Public School, Cummer Valley Middle School, and Newtonbrook Secondary School anchor the English stream; Lester B. Pearson Elementary and Willowdale Middle School offer French Immersion; and Paul-Demers Elementary provides a French-only option. There are also excellent Catholic and Christian schools nearby, including St. Joseph’s Morrow Park, École Secondaire Catholique Monseigneur-De-Charbonnel, and Willowdale Christian School.
Willowdale/Newtonbrook is for people who want it all—walkable convenience, a sense of community, and the comfort of knowing the best of the city is right at their doorstep. It’s not flashy or hurried. It’s balanced, connected, and quietly confident—just the way a real neighbourhood should feel.
