$525,000 - 215 Sherway Gardens Road Unit 1608, Etobicoke
Condo for Sale in Etobicoke
35 days on market- MLS Number
- W13126026
- Property Type
- Condo
- Status
- active
- Days on Site
- 35
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Exclusive
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- ICI SOURCE REAL ASSET SERVICES INC.
Welcome to luxury living at One Sherway - a beautifully renovated and upgraded 1 Bedroom + Den suite offering style, comfort, and exceptional functionality. This spacious approximately 602 sq. ft. residence features a bright open-concept layout with floor-to-ceiling windows, modern light laminate flooring, and stunning unobstructed views that fill the space with natural light. Thoughtfully updated throughout, this suite showcases brand-new stainless steel appliances including a fridge, stove, microwave, and washer/dryer, along with elegant new lighting fixtures that create a fresh contemporary feel. The modern kitchen is designed for both everyday living and entertaining, complete with granite countertops, upgraded cabinetry finishes, and a convenient breakfast bar. The spacious primary bedroom offers a large closet and is complemented by a versatile den perfect for a home office, dining area, or guest space. The fully upgraded bathroom features a sleek walk-in shower with modern finishes, bringing a spa-inspired touch to your daily routine. Residents enjoy access to outstanding resort-style amenities including an indoor pool, hot tub, sauna, steam room, fitness centre, theatre room, billiards lounge, library, party room, guest suites, and 24-hourconcierge service. Ideally located just steps from TTC transit and premier shopping at CF Sherway Gardens, with quick access to major highways, GO Transit, parks, and scenic trails. Includes one parking space.*For Additional Property Details Click The Brochure Icon Below*
Estimate your monthly payments for this property
Estimated Payment
$2,693.52/mo
Includes CMHC insurance ($14,648)
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.
215 Sherway Gardens Road Unit 1608, 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 $875/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.
Market Position
At 35 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 600 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.
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 $2,188 (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.