$649,000 - 296 Mill Road Unit E8, Etobicoke
Condo for Sale in Etobicoke
New — Listed 2 days ago- MLS Number
- W13451420
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Ensuite
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- Signature Elite Realty Ltd.
Resort-style living with stunning sunset views over Markland Wood Golf Course. This multi-level 1700 sq ft unit has big windows, lots of privacy, many closets/storage areas, and 3 bedrooms, great for families with kids and grandkids, downsizers, or those working-from-home. The main level includes a well-laid out kitchen with loads of counter and cupboard space and a convenient pass-through to the dining room, adjacent to the large west-facing balcony and bright spacious living room, plus 2 closets and a powder room. Upstairs: primary bedroom with generous walk-in closet + ensuite bathroom, two more bedrooms with big closets, large bathroom with full-size tub, dedicated laundry room, large storage room, and plenty of privacy. Oak parquet flooring throughout has been freshly refinished, stained and sealed, and all walls are newly "white dove" - ready for your art, family photos and personal touch. The Masters is approximately 94% owner-occupied, and sits on 11 acres of beautifully landscaped grounds and gardens, with mature pine trees, children's playground, 3 tennis / pickleball courts, outdoor pool, paved footpath to Japanese Garden and pond, benches, and a pair of peregrine falcons who have been nesting in this paradise for more than 7 years! The monthly maintenance fees include all this, plus an indoor pool, sauna, squash / basketball courts, gym, hobby rooms, newly renovated clubhouse-lounge, party room, two parking spots, cable, insurance, water, heat, a/c, electricity, indoor car wash, fitness classes, 24 hour security, and more. Enjoy the perks of freehold living in this welcoming and active community, close to walking/biking trails, schools, churches, shopping, highways, transit, and the airport, with one monthly cost. Seize this rare opportunity to own a large, multi-level condo with excellent layout, spectacular amenities, and all-inclusive costs in a highly desirable Etobicoke location.
Estimate your monthly payments for this property
Estimated Payment
$3,329.71/mo
Includes CMHC insurance ($18,107)
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.
296 Mill Road Unit E8, 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
Competitive Pricing
At $406/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Etobicoke's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $2,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.