$838,000 - 151 Dan Leckie Way Unit 502, Downtown Toronto
New Construction for Sale in Downtown Toronto
49 days on market- MLS Number
- C12639762
- Property Type
- New Construction
- Status
- active
- Days on Site
- 49
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- TAZA REAL ESTATE
Bright & Spacious Sun-Drenched Luxury Living With Unobstructed South Views At Parade II Condos! This stunning 2 Bedroom + Den, 2 Bathroom condo offers 998 Sq Ft of interior living + a 45 Sq Ft private balcony, ideally located in the heart of downtown Toronto's highly sought-after CityPlace community. This beautiful suite features a rare combined kitchen, dining, and living area with floor-to-ceiling windows that flood the space with natural light, making the space feel bright and open + unobstructed, panoramic park views. The highly desirable split-bedroom layout offers privacy and comfort, with a spacious primary bedroom featuring a huge walk-in closet and a spa-inspired ensuite bathroom with a floor-to-ceiling glass shower. A nicely sized second bedroom, spacious bathrooms, abundant closet and storage space, and a separate den surrounded by windows ideal for a bright home office or study. Immaculately maintained and freshly painted throughout. Enjoy resort-style, A+ amenities, including 24-hour concierge, indoor pool, hot tub, sauna, fully equipped fitness centre, gym, yoga and aerobics studios, squash court, theatre, billiards room, pet spa, and an elegant party room with terrace and BBQ! Unbeatable location with Canoe Landing Park directly across the street, and just steps to the waterfront, Super Loblaws and Sobeys, two elementary schools, TTC, banks, restaurants, community centre, library, as well as the CN Tower, Rogers Centre, Toronto's Financial, Entertainment & King West districts + convenient access to Billy Bishop Airport and major highways. A truly amazing opportunity for end-users, professionals, young families, and investors who are seeking luxury, lifestyle, and long-term value in one of downtown Toronto's most vibrant communities!
Estimate your monthly payments for this property
Estimated Payment
$4,299.37/mo
Includes CMHC insurance ($23,380)
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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
151 Dan Leckie Way Unit 502, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
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 25+ years of GTA real estate experience
Fair Market Value
At $931/sqft, this property is priced in line with current Downtown Toronto 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 49 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. 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.
Efficient Living
At 900 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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,492 (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.