$889,000 - 293 The Kingsway N/A Unit 808, Etobicoke
Condo for Sale in Etobicoke
108 days on market- MLS Number
- W12767518
- Property Type
- Condo
- Status
- active
- Days on Site
- 108
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- RE/MAX PRIME PROPERTIES - UNIQUE GROUP
Spacious & Bright 2BR+D with Panoramic Views in The Kingsway. * 964 sqft, 2-bedroom, 2-bathroom unit in The Kingsway offers an open-concept kitchen, dining, and living area with panoramic views from a quiet, courtyard-facing balcony. The kitchen features stainless steel appliances (including dishwasher) and stone countertops. The primary bedroom includes a walk-in closet and ensuite bath. A separate den is perfect for a home office, study, or daybed. Additional features include a dedicated laundry & dryer room with sink, central heating and A/C, 9-ft ceilings and wood floors throughout. Built in 2023, the building's amenities include a fitness center, lounge/media room, business center, pet-wash station, and an exterior terrace with BBQ. A monitored lobby and dedicated underground parking plus large storage locker are also included.Located in the desirable Edenbridge-Humber Valley neighborhood, the unit is steps from the Humber River (with walking/bike trails, Lambton Woods, James Gardens and golf courses) and nearby parks with playgrounds and an ice rink. Nearby Humbertown Plaza contains shops, cafes, and a grocery store. Within the school districts of Humber Valley Village Junior Middle School and Etobicoke Collegiate Institute. The Royal York TTC station is a short bus ride away.
Estimate your monthly payments for this property
Estimated Payment
$4,561.03/mo
Includes CMHC insurance ($24,803)
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 808, 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 $988/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 108 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 900 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: Etobicoke properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.