$568,000 - 25 Earlington Avenue Unit 507, Etobicoke
Condo for Sale in Etobicoke
78 days on market- MLS Number
- W12943652
- Property Type
- Condo
- Status
- active
- Days on Site
- 78
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- BAY STREET GROUP INC.
Welcome To "The Essence ," An Elegant 6-Storey Boutique Residence In The Prestigious Kingsway-Lambton Neighbourhood. Known For Its Quiet Atmosphere, Excellent Management, And Strong Sense Of Community With Many Long-Term Residents, This Building Offers Exceptional Amenities Including 24-Hour Concierge And Security, A Rooftop Garden With Panoramic Views And BBQ Area, Party/Meeting Room, Fitness Centre, And Car Wash, Offering A Safe And Comfortable Living Environment. This Bright And Functional 1 Bedroom + Den Suite Features A Well-Designed Open Concept Layout With A Clear Sightline To The Balcony Upon Entry, Creating An Inviting And Airy Feel. The Spacious Primary Bedroom Offers A Comfortable Retreat With Natural Light, While The Separate Den With French Doors Provides Excellent Flexibility-Ideal As A Second Bedroom, Or Private Home Office. The Updated Kitchen Features Upgraded Granite Countertops And Ample Cabinetry. Freshly Updated Quality Laminate Flooring And Fresh Paint Throughout The Unit Create A Clean, Move-In Ready Home. The Sun-Filled Living Area Walks Out To A Private Balcony With Beautiful Western Exposure, Perfect For Enjoying Sunset views. Conveniently Located Within Walking Distance To Shops, Restaurants, Library, TTC, Subway, Humber River Park, And Scenic Old Mill Trails. Situated Within Highly Regarded School Boundaries Including Lambton-Kingsway Junior Middle School, Etobicoke Collegiate Institute, And Our Lady Of Sorrows Catholic School (JK-8). Rarely Offered In A Sought-After Building,An Exceptional Opportunity Not To Be Missed.
Estimate your monthly payments for this property
Estimated Payment
$2,914.13/mo
Includes CMHC insurance ($15,847)
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.
25 Earlington Avenue Unit 507, 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 $947/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 78 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 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 $2,367 (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.