$698,000 - 1185 The Queensway N/A Unit 1104, Etobicoke
Condo for Sale in Etobicoke
51 days on market- MLS Number
- W13052188
- Property Type
- Condo
- Status
- active
- Days on Site
- 51
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Owned
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- THE AGENCY
This beautifully updated suite is located in one of Etobicoke's most rapidly evolving communities. offering strong long-term growth potential and an unbeatable lifestyle for young professionals and commuters. Featuring updated flooring, smooth ceilings, fresh paint throughout, and modern light fixtures, this unit is completely move-in ready. The fantasticlayout is both functional and inviting, highlighted by a custom built-in dining area with bench seating for 8, perfect for hosting. Enjoy tranquil views overlooking Lake Ontario, with a parkjust steps away, ideal for dog lovers and outdoor enthusiasts. The desirable corner unit southwest exposure fills the space with natural light and offers stunning evening sunsets. Designed with convenience in mind, this location is ideal for commuters with seamless access to transit and highways. TTC is right at your doorstep, and you're just minutes to the Gardiner Expressway for an easy downtown commute. Plus, Toronto Pearson Airport is only 10 km away, perfect for frequent travelers. Walk to groceries, restaurants, and entertainment, all allwhile being surrounded by green space in a fast-growing, high-demand neighborhood. A perfect blend of style, comfort, and convenience. This is urban living at its best. Residents enjoy exceptional building amenities, including an indoor pool, sauna, hot tub, fully equipped gym, rooftop terrace with BBQs, party room, guest suites, visitor parking, pet wash, car washstation, and 24-hour concierge.
Estimate your monthly payments for this property
Estimated Payment
$3,581.10/mo
Includes CMHC insurance ($19,474)
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.
1185 The Queensway N/A Unit 1104, 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 $873/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 51 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.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,908 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.