362 The East Mall Road Unit 1007, Toronto W08

Price: $579,999

3 bedrooms, 4 bathrooms

1,000 sqft

Property Type: Condo

MLS#: W13016920

Beautifully updated 2-bedroom + den, with 1.5 modern bathrooms. This bright, open-concept home features an upgraded kitchen with premium maple wood cabinetry and hardwood flooring throughout.Enjoy a custom walk-in closet, a fully organized storage room with built-in shelving, and a refined living/dining area enhanced with crown moulding, upgraded trims, and modern doors. Step out onto the large balcony and take in the spectacular, unobstructed views.Located just steps from transit - one bus to the subway, Public library 5min away, close to shopping, schools, and major highway access.

362 The East Mall Road Unit 1007 - Condo photo 1 of 33 in Etobicoke (Islington / Rexdale), Ontario
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New Listing
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$579,999 - 362 The East Mall Road Unit 1007, Etobicoke

Condo for Sale in Etobicoke

New — Listed yesterday
3Beds
4Baths
1,000Sq Ft
Condo
Property Details
MLS Number
W13016920
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
3
Bathrooms
4
Square Feet
1,000 sqft
Neighbourhood
Etobicoke (Islington / Rexdale)
Locker
Ensuite
Exposure
South West
Balcony
Open
Listing Brokerage
FIRST CLASS REALTY INC.
Description

Beautifully updated 2-bedroom + den, with 1.5 modern bathrooms. This bright, open-concept home features an upgraded kitchen with premium maple wood cabinetry and hardwood flooring throughout.Enjoy a custom walk-in closet, a fully organized storage room with built-in shelving, and a refined living/dining area enhanced with crown moulding, upgraded trims, and modern doors. Step out onto the large balcony and take in the spectacular, unobstructed views.Located just steps from transit - one bus to the subway, Public library 5min away, close to shopping, schools, and major highway access.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,975.69/mo

Includes CMHC insurance ($16,182)

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5-yr fixed avg.

Principal: $521,999Interest: $354,528
Mortgage Amount$538,181
Total Interest$354,528
Est. Property Tax$411/mo
Total Cost$892,708

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.

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Neighbourhood Guide: Etobicoke (Islington / Rexdale)

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

362 The East Mall Road Unit 1007, Etobicoke (Islington / Rexdale)

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
3.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$650
Property Tax (est.)-$411
Insurance (est.)-$121
Net Cash Flow+$1,578

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $580/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 4 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 $2,417 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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