$699,000 - 1320 Islington Avenue Unit 601, Etobicoke
Condo for Sale in Etobicoke
94 days on market- MLS Number
- W12889844
- Property Type
- Condo
- Status
- active
- Days on Site
- 94
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Ensuite
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP OLD MILL REALTY INC.
Welcome to Suite 601 with a sun-filled expansive floor plan with an open balcony nestled in the treetops overlooking the manicured gardens of Barclay Terrace. The well-designed floor plan presents a fabulous opportunity to add your own personal touches and modernize to suit your style. The suite features a bright solarium, an eat-in kitchen, and a sun-filled family room or optional 3rd bedroom off the kitchen plus a sunny solarium - perfect as a home office or cozy den. The open-concept living and dining space is ideal for entertaining family-sized gatherings. Both generously sized bedrooms include their own ensuite bathrooms, offering comfort and privacy. Barclay Terrace is situated on two acres of beautifully landscaped grounds with tennis courts, jogging track and a beautiful reflective pool with a gazebo and seating areas surrounded by a wide variety of annuals and perennials. Park benches and gazebos have been strategically located around the property. The recreation area is a tribute to fun, fitness and leisure having a large indoor pool, hot tub and saunas where you can relax after playing racquet ball, squash, tennis or working out in the exercise room. The full time Recreation Coordinator provides residents with free aqua fit and exercise classes. There is also a party room with a dance floor, a hobby room/workshop and you can play billiards or pool, watch a video or chat by the fireplace in the pool side lounge. You can also enjoy a ladies club, happy hour, bingo and poker nights and a book club. Barclay Terrace is ideally located within walking distance of the Bloor and Islington subway, GO Station, shops and cafes in one of Etobicoke's established and premier neighbourhoods of Islington Village and The Kingsway. The complex is minutes from major routes, downtown and the airport.
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
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.
1320 Islington Avenue Unit 601, 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 $583/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 94 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 $2,913 (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.