$544,900 - 2835 Islington Avenue Unit 503, Downsview
Condo for Sale in Downsview
43 days on market- MLS Number
- W13091190
- Property Type
- Condo
- Status
- active
- Days on Site
- 43
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downsview / Black Creek
- Locker
- Ensuite+Common
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- RE/MAX COMMUNITY REALTY INC.
Welcome to 503-2835 Islington Ave, a beautifully renovated condo offering exceptional space and comfort. Featuring 3 generous bedrooms and 2 updated bathrooms, this home provides more than enough room to suit your lifestyle. The bright, open-concept living and dining areas create an inviting atmosphere-perfect for hosting friends or simply unwinding after a long day. The thoughtfully designed layout makes it easy to personalize the space to your needs. Each of the three bedrooms offers ample room to relax and recharge, while the open balcony provides a lovely outdoor retreat with a great view. Storage is never an issue here-you'll have plenty of space to stay organized. Located in a prime, convenient neighbourhood, you're just minutes from Highways 401/400,Pearson Airport, schools, parks, shopping, and TTC transit. This condo truly delivers the lifestyle you're looking for. Maintenance fees include water, common elements, and Rogers cable, adding even more value to this fantastic home.
Estimate your monthly payments for this property
Estimated Payment
$2,795.62/mo
Includes CMHC insurance ($15,203)
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 Downsview / Black Creek
Downsview / Black Creek 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 Downsview / Black Creek
- •Convenient location in Downsview / Black Creek
- •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
Downsview / Black Creek 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.
2835 Islington Avenue Unit 503, Downsview / Black Creek
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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 $454/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.
Market Position
At 43 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.
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: Downsview properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,270 (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.