$569,000 - 296 Mill Road Unit PH1, Etobicoke
Condo for Sale in Etobicoke
New — Listed yesterday- MLS Number
- W13437562
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Ensuite
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Welcome to this beautifully renovated 3-bedroom penthouse condo in Etobicoke's renowned Masters Condominiums, offering 1,215 sq ft of bright, spacious living, resort-style amenities, tandem 2-car underground parking, and all-inclusive maintenance fees. This move-in ready suite features a functional split-bedroom layout designed for both comfort and privacy. The open-concept living and dining area is filled with natural light and showcases engineered hardwood floors, elegant crown moulding, and walk-out access to the first of three private balconies - perfect for morning coffee or relaxing with unobstructed cityscape views. The modern kitchen combines style and practicality with stone countertops, full-size stainless steel appliances (2021), generous cabinetry, a dedicated coffee nook, and direct access to the second balcony, ideal for summer BBQing. The spacious primary retreat features a walk-in closet and a renovated 3-piece ensuite with a modern glass shower. Two additional bedrooms offer exceptional flexibility for family living, guests, or a home office, complete with double closets, large east-facing windows, and one with its own private balcony. Additional highlights include abundant in-suite storage with two linen closets, and a rare in-suite locker with built-in shelving. Truly a lifestyle building, residents enjoy exceptional resort-style amenities including indoor and outdoor pools, tennis courts, squash and basketball courts, fitness facilities, saunas, beautifully landscaped gardens, and an active community atmosphere with clubs, classes, and social activities. Ideally located in central Etobicoke just minutes to major highways, TTC transit, Pearson Airport, Sherway Gardens, golf courses, and Centennial Park, this rare penthouse opportunity offers the perfect combination of space, convenience, lifestyle, and value!
Estimate your monthly payments for this property
Estimated Payment
$2,919.26/mo
Includes CMHC insurance ($15,875)
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 PH1, 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 $474/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.
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 $2,371 (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.