$1,099,000 - 10 Old Mill Trail Unit 206, Etobicoke
Condo for Sale in Etobicoke
109 days on market- MLS Number
- W12832138
- Property Type
- Condo
- Status
- active
- Days on Site
- 109
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Ensuite+Owned
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- SUTTON GROUP OLD MILL REALTY INC.
Welcome to suite 206, a spacious and substantially renovated 2-bedroom + den condo in the sought-after Kensington I, a prestigious boutique residence at The Old Mill, conveniently located right on the subway line. The Kensington is currently undergoing stylish renovations throughout all common areas, designed to enhance its elegant, high-end living experience - all completed without special assessments. This spacious suites offers 1,339 sq. ft. of thoughtfully designed living space with a classic neutral decor, this suite is perfect for those seeking style, space, and location. Enjoy a sun-filled eat-in kitchen featuring brand new Fisher & Paykel appliances, quartz counter tops and backsplash, and a walk-out to the terrace. Unwind in the comfort of the king-sized primary suite with dual closets and a spa inspired ensuite bath with a deep soaker tub and walk-in shower with bench and new frameless glass shower doors. The entire unit has been freshly painted and features newly renovated bathrooms, new high quality laminate floors, new lighting, new door hardware, and fresh new broadloom in both bedrooms giving it a crisp, modern feel throughout. The den is a separate room, ideal for a home office, guest space, or third bedroom alternative. One of the condos most remarkable features is the expansive 32' x 8' terrace, offering bright south-facing treetop views overlooking the beautifully manicured grounds. Location is everything, just steps to The Kingsway and Bloor West Village, with their charming shops and restaurants, and directly across from Old Mill Subway Station for easy downtown access. Nature lovers and pet owners will appreciate the location on the Humber Valley Ravine trail system, offering direct access to miles of scenic walking and biking paths that connect to the Martin Goodman Trail and the GTA's waterfront network. Truly a pet lover's dream - up to two pets under 30 lbs are welcome at The Kensington!
Estimate your monthly payments for this property
Estimated Payment
$4,861.25/mo
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 Old Mill Trail Unit 206, 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
Fair Market Value
At $916/sqft, this property is priced in line with current Etobicoke market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 109 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 $4,579 (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.