$779,900 - 20 Minowan Miikan Lane Unit 601, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13152004
- Property Type
- Condo
- Status
- active
- Days on Site
- 26
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Welcome to Carnaby Lofts in the heart of vibrant Queen West - a beautifully renovated 829 square foot two-bedroom plus den corner suite offering stylish urban living with functional design and exceptional storage throughout. This bright and modern residence features 9-foot exposed concrete ceilings and an open-concept layout. The stunning new chef's kitchen is the centrepiece of the home, complete with a large island with seating and storage, new countertops and backsplash, new fridge and range, plus a cleverly hidden vacuum storage area tucked behind the fridge. The versatile den has been thoughtfully transformed into a dining area or work-from-home space featuring custom built-in banquette seating with additional hidden storage.The split-bedroom floor plan offers excellent privacy. The spacious primary retreat does not share a wall with another unit and features a walk-in closet with California Closets built-ins and an updated ensuite washroom. The second bedroom includes new custom closet built-ins and access to a beautifully renovated four-piece washroom. Residents enjoy hotel-inspired amenities including 24-hour concierge, a fully equipped state of the art gym with yoga studio, large club-style party room and billiards lounge, sunny rooftop terrace with BBQs, guest suites, and visitor parking. Queen West offers an unbeatable lifestyle with Metro and Starbucks right inside the building and steps to the city's best cafés, restaurants, boutiques, galleries, and iconic destinations including Gladstone House Hotel, The Drake Hotel, and Trinity Bellwoods Park. Steps to the 24-hour TTC streetcar with easy access to the Gardiner Expressway via Jameson Avenue, making commuting downtown or across the city effortless. This is your opportunity to own a turn-key, stylish corner suite in one of Toronto's most dynamic neighbourhoods, perfect for professionals, entertainers, or anyone seeking the true Queen West lifestyle!
Estimate your monthly payments for this property
Estimated Payment
$4,001.29/mo
Includes CMHC insurance ($21,759)
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.
20 Minowan Miikan Lane Unit 601, 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 30+ years of GTA real estate experience
Fair Market Value
At $975/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.
Market Position
At 26 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.