Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Annex
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40 Scollard St, Toronto
Built
1991
Storeys
15
Suites
96
Developer
Scollard Street Developments
Corporation
MTCC-976
Walk Score
100
Free · about 45 seconds · no obligation
What is your unit at 40 Scollard worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Very Bikeable
Transit, nearest first
- 19BayTTC busSteps away
- 97YongeTTC busSteps away
- 2Bay stationLine 2 Bloor–Danforth0.3 km
- 82RosedaleTTC bus0.5 km
- 506Wellesley St East at Yonge St506 Carlton streetcar0.9 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines3.1 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–8
Jesse Ketchum Junior and Senior Public School
61 Davenport Rd, Toronto
0.2 km · ~3 min walk
Zoned for this address
High schoolGr 9–12
Jarvis Collegiate Institute
495 Jarvis St, Toronto
1.2 km · ~19 min walk
Zoned for this address
Catholic elementary
Our Lady of Lourdes Catholic Elementary School
1.4 km · ~22 min walk
Nearest, confirm zoning
Catholic elementary
Our Lady of Perpetual Help Catholic Elementary School
1.7 km
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
0.9 km · ~14 min walk
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Gabrielle Roy
2.3 km
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at 40 Scollard actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 4 | $555,000 | 8 | $2,445/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at 40 Scollard
Do mostly owners or renters live here?
Renter-heavy building. Of 27 deals here in the last 24 months, 21 were leases and 6 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at 40 Scollard?
Some owners here hold City registrations, but the condo’s own declaration and rules can still forbid short stays. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about 40 Scollard
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
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Eat, drink and shop nearby
Within about a 10-minute walk.
Indian
Masala Story
Steps away
Pizza
Portici Pizzeria
Steps away
Restaurant
Cafe Boulud
Steps away
Pub
Crown & Dragon Pub
Steps away
Caribbean
Randy's Roti & Doubles
Steps away
Coffee
Tim Hortons
Steps away
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Frank Stollery Parkette
- Town Hall Square
- Jesse Ketchum Park
Nearest grocery
Loblaws
0.3 km · ~5 min walk
Prices: TRREB MLS® System aggregate medians for 40 Scollard St, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
40 Scollard is what Yorkville looked like before the glass towers arrived. It is a 1991 tower of 96 suites on a short street between the Four Seasons and Bay, with a concierge, a squash court and a fee that even covers your hydro. It is small, quiet and dated, and for the right buyer that is exactly the appeal. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
40 Scollard is a 15-storey condominium of 96 suites at 40 Scollard Street, just east of Bay Street in the Yorkville area of Toronto (the building profile places it in the Annex). It was developed by Scollard Street Developments, also reported as Scollard Development Corporation, and completed in 1991. The condominium corporation is MTCC-976, registered on 18 July 1991. The tower is about 49 metres tall. Maintenance fees include common elements, heat, hydro, building insurance, parking, water and air conditioning.
40 Scollard at a glance
A small tower in the middle of Yorkville’s rebuild
Scollard Street runs east from Bay Street through the north side of Yorkville, and 40 Scollard sits near the Bay end. When it was finished in 1991 the street was low-rise. Since then the Four Seasons hotel and Private Residences have gone up across the street, and Lanterra’s 41-storey 50 Scollard, designed by Foster + Partners, has been rising on the corner of Bay next door.
That context matters. You are surrounded by some of the most expensive new condominium space in the country, in a building that sells at older-building prices. Owners on an UrbanToronto thread noted that the south-facing suites once looked over the empty lot where the Four Seasons now stands, so views on that side are not what they were in the 1990s.
At 15 storeys and about 49 metres, it is a modest tower by today’s standards, and the scale is part of its character. With 96 suites, you will see the same faces in the elevator, and the staff will know who lives there.
What a fully inclusive fee does for you
The fee includes common elements, heat, hydro, building insurance, parking, water and air conditioning. Having hydro in the fee is unusual even among older buildings, and it means the fee is close to your entire monthly housing cost apart from property tax, internet and contents insurance.
That makes 40 Scollard easy to budget for, but it makes fee comparisons misleading. Against a new Yorkville tower where every suite has its own hydro meter and parking is extra, the fee here will look high. Add back hydro, heating, cooling and a parking space to the newer building, and the gap shrinks.
The other side of an all-in fee is that one owner’s heavy use is paid by everyone, and the corporation carries the full cost of the heating and cooling plant. In a tower from 1991, that equipment is mature, so the reserve fund study is the first document I would open.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Layouts and what to expect inside
The published suite data I could find is thin. One profile records suites of about 644 to 703 square feet, and an owner on UrbanToronto recalled a one-bedroom of a little over 700 square feet. I would treat that as a sample of the smaller plans rather than the full range, so ask for the floor plan of any suite you look at.
Owners on the same thread also noted that the building has no balconies. For some buyers that is a deal-breaker; for others it means fewer drafts, lower window-wall maintenance and no neighbour’s barbecue smoke. Know which camp you are in before you book a showing.
Expect finishes that reflect when each suite was last renovated. Original 1991 kitchens and bathrooms are common in buildings of this age, and a renovated suite should be priced quite differently from an original one.
Amenities from a different era
The amenity list reflects 1991 priorities: a concierge and security guard, a sauna, a squash court, bike storage and an underground garage. There is no pool in the amenity list I have, and no rooftop terrace. The squash court is a genuine rarity now, and if you play, it is a real reason to buy here.
The building profile lists a pet restriction, so read the rules for the exact limits. With only 96 suites, the cost of staffing a concierge is spread across fewer owners than in a large tower, which is another reason the fee looks the way it does.
Who buys here, and why
The buyers I see for a building like this fall into two groups. One is the professional who works downtown or in the Bloor-Yorkville offices and wants to walk everywhere, without paying new-tower prices for a small suite. The other is the downsizer who wants Yorkville’s restaurants and galleries at the door and values a doorman more than a rooftop pool.
Investors are a smaller group here, because an all-inclusive fee eats into rental returns, and there were a couple of suites for lease at the time of writing. If you are buying to rent, run the numbers on the full fee and tax against a realistic rent before you decide.
Whichever group you are in, the street itself is part of the purchase. Scollard is short and relatively quiet for Yorkville, but the construction around it means the view from your window today may not be the view in five years.
Pricing: older-building value in a premium location
There were no suites for sale at the time of writing, only a couple for lease, and the building profile did not give a usable average price per square foot. In a building of 96 suites, sales are infrequent, so any single sale can distort the picture. My building sold report shows what has actually closed here.
What I can tell you is how to think about it. You are buying a Yorkville address in a building that competes on price, not on features. New towers on the same street sell at a large premium per square foot, and much of that premium is for finishes, amenities and the name on the building.
When you compare, look at total monthly cost. Fee plus tax here, against fee, tax, hydro, heating, cooling and parking elsewhere, is the fair comparison.
Building specifications
| Building name | 40 Scollard |
| Address | 40 Scollard Street, Toronto |
| Developer | Scollard Street Developments (also reported as Scollard Development Corporation) |
| Storeys | 15 (about 49 m) |
| Total suites | 96 |
| Condo corporation | MTCC-976 |
| Registered | 18 July 1991 |
| Fees include | Common elements, heat, hydro, building insurance, parking, water and air conditioning |
Amenities at 40 Scollard
This is a short list built around staff at the door and a couple of fitness extras, with the squash court the standout. You are buying service and location, not a resort floor.
Jatin’s honest take on 40 Scollard
Who this building suits
Professionals and downsizers who want to live in Yorkville on a budget that does not stretch to the new towers, and who value a small building with staff. It suits buyers who want one predictable monthly cost, and anyone who plays squash.
What I’d want you to check
Read the reserve fund study for the heating and cooling system, windows, elevators and garage, since the corporation pays for all utilities and the building is about 35 years old. Look at the fee history over the past few years and what the budget says is coming. Confirm the suite’s floor plan and size, whether parking and a locker are attached, the pet rules, and any construction planned nearby that could affect your views.
The value question
For a buyer who wants Yorkville and accepts no balcony and older finishes, I think 40 Scollard can be good value once you compare total monthly cost rather than the fee alone. The risk is in the building’s age, so the decision really rests on the reserve fund study and the condition of the suite. If both check out, it is one of the more sensible ways into this neighbourhood.
Free building report: 40 Scollard
Send me your email and I’ll put together a current report on 40 Scollard — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
40 Scollard — frequently asked questions
When was 40 Scollard built?
It was completed in 1991, and the corporation, MTCC-976, was registered on 18 July 1991.
Who developed 40 Scollard?
Scollard Street Developments, also reported as Scollard Development Corporation.
How many storeys and suites are there?
15 storeys, about 49 metres tall, with 96 suites.
What do the maintenance fees include?
Common elements, heat, hydro, building insurance, parking, water and air conditioning.
Do suites have balconies?
Owners on an UrbanToronto thread said the building has no balconies. Confirm for the specific suite.
What amenities does it have?
A concierge and security guard, a sauna, a squash court, bike storage and an underground garage.
Is there a pool?
A pool is not on the amenity list I have for this building.
Are pets allowed?
The building profile lists a pet restriction. Read the rules for the details before you buy.
What is nearby?
The Four Seasons hotel and Private Residences are across Scollard Street, and Lanterra’s 41-storey 50 Scollard tower is next door at the corner of Bay Street.
How much do condos at 40 Scollard sell for?
Over the last 12 months the median resale at 40 Scollard was $555,000, across 4 sales. The typical unit sold in 52 days at about 96% of the asking price. That works out to roughly $854 per square foot.
How much is rent at 40 Scollard?
The median lease at 40 Scollard over the last 12 months was $2,445/mo, from 8 leases. Units typically leased in 24 days.
What does each unit type cost at 40 Scollard?
Over the last 24 months: One-bedrooms sold for a median $555,000 and rented for $2,445/mo. Each median uses three or more deals.
What rental yield does 40 Scollard offer an investor?
At a median price of $555,000 and a median rent of $2,445 a month, the gross yield is about 5.3%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at 40 Scollard?
Mostly renters. Of the deals here in the last 24 months, 78% were leases and 22% were sales.
Can you Airbnb a unit at 40 Scollard?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows 9 active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has 40 Scollard had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is 40 Scollard zoned for?
For TDSB public schools, the address is zoned for Jesse Ketchum Junior and Senior Public School (Elementary, JK–8), Jarvis Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to 40 Scollard?
The nearest subway is Bay station (Line 2 Bloor–Danforth), 0.3 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 3.1 km; the 506 Carlton streetcar stops 0.9 km away; the closest bus is the Bay (TTC bus). Distances are straight-line from the building.
What is the Walk Score of 40 Scollard?
Walk Score 100, Transit Score 91 and Bike Score 84. Most daily errands can be done on foot.
What restaurants and shops are near 40 Scollard?
Within about a 10-minute walk: Masala Story (Indian), Portici Pizzeria (Pizza), Cafe Boulud (Restaurant), Crown & Dragon Pub (Pub), Randy's Roti & Doubles (Caribbean). The closest grocery store is Loblaws, 0.3 km away.
Which parks are near 40 Scollard?
Frank Stollery Parkette, Town Hall Square, Jesse Ketchum Park are the closest green spaces.
What is my unit at 40 Scollard worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at 40 Scollard lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at Yorkville, the Annex and Midtown more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including Yorkville, the Annex and Midtown. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at 40 Scollard, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More Yorkville, the Annex and Midtown building guides: 1 Yorkville · 10 Prince Arthur · 10 Walker Avenue · 102 Bloor St West · 104 Rosedale Heights Condos · 105 Heath Street Condos
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.