$999,000 - 293 The Kingsway N/A Unit 705, Etobicoke
Condo for Sale in Etobicoke
141 days on market- MLS Number
- W12373546
- Property Type
- Condo
- Status
- active
- Days on Site
- 141
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to 293 The Kingsway, a gateway to sophisticated living in one of Toronto's most prestigious neighbourhoods.This remarkable 1,228 square foot corner suite offers an unparalleled luxury experience. With 10-foot ceilings and an expansive open-concept living, dining, and kitchen area, the space feels bright, airy, and perfect for entertaining. The gourmet chef's kitchen boasts upgraded appliances, premium cabinetry, and plenty of space to prepare and enjoy meals. Step out from the living room onto your spacious, 144 square foot terrace, a perfect outdoor retreat for morning coffee or evening cocktails. The thoughtful layout includes two bedrooms, a den, and three washrooms, providing ample space and privacy for every resident. The primary bedroom provides a private sanctuary, complete with a walk-in closet and a second standard closet for all your storage needs. From the primary bedroom, you can access your own private 40 square foot balcony, ideal for a breath of fresh air. This newer building has had a single owner, has never been rented, no pets and is in like-new condition, offering a pristine move-in experience.This suite includes one parking spot and one locker, making urban living effortlessly convenient. Residents of 293 The Kingsway enjoy an array of amenities, including a large fitness studio, a sprawling rooftop terrace with cozy lounges and BBQ stations, a pet spa, and a friendly concierge service. The surrounding community of The Kingsway is a rare jewel, known for its tree-lined avenues, lush parks, and vibrant urban amenities.Walk to shops at Humbertown Shopping Centre, enjoy a coffee at a nearby café, or bike along the scenic Humber River. With quick access to major highways and TTC, everything you could possibly want is at your doorstep. Look no further if you're considering the ultimate in luxury living -- just move in and enjoy!
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
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.
293 The Kingsway N/A Unit 705, 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 $833/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 141 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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $4,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.