$682,500 - 10 GIBBS Road Unit 1014, Etobicoke
Condo for Sale in Etobicoke
101 days on market- MLS Number
- W12863176
- Property Type
- Condo
- Status
- active
- Days on Site
- 101
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- None
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Welcome to this rare corner penthouse-level suite at 10 Gibbs Road offering exceptional space and breathtaking views. This 3-bedroom, 2 full washroom residence features a bright and functional layout with large windows throughout, allowing for abundant natural light and panoramic city views.The spacious living and dining area provides the perfect setting for entertaining, while the generously sized bedrooms offer comfort and privacy. As a corner unit on the penthouse level, the home enjoys enhanced privacy and an airy feel rarely found in condo living.This unit presents a fantastic opportunity for buyers looking to personalize and add their own touch, making it ideal for end users, renovators, or investors seeking to unlock its full potential.Residents enjoy access to modern building amenities and a prime location close to major highways, transit, shopping, and dining. Conveniently located minutes from CF Sherway Gardens, Toronto Pearson International Airport, and quick access to Highway 427 and the Gardiner Expressway.A rare opportunity to own a large corner penthouse-level condo in a highly connected Etobicoke community with tremendous upside.-->>Fantastic Opportunity For End Users Or Investors Looking To Add Their Personal Touch.
Estimate your monthly payments for this property
Estimated Payment
$3,501.58/mo
Includes CMHC insurance ($19,042)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Etobicoke (Islington / Rexdale)
Etobicoke (Islington / Rexdale) is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Etobicoke (Islington / Rexdale)
- •Convenient location in Etobicoke (Islington / Rexdale)
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Etobicoke (Islington / Rexdale) offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
10 GIBBS Road Unit 1014, Etobicoke (Islington / Rexdale)
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $683/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 101 days on site, this property has exceeded the typical selling timeline for Etobicoke. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Etobicoke properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,844 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.