$545,000 - 364 The East Mall N/A Unit 221B, Etobicoke
Condo for Sale in Etobicoke
37 days on market- MLS Number
- W13119490
- Property Type
- Condo
- Status
- active
- Days on Site
- 37
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- None
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE/J & D DIVISION
Beautifully updated 3-bedroom, 3-bathroom two-storey condo offering exceptional space, light, and functionality. This bright, open-concept home features a modern kitchen with stainless steel appliances, double sink, and generous counter space, seamlessly flowing into a sun-filled living and dining area with walk-out to a large south-facing balcony. The main level offers a versatile third bedroom that could also function as a home office, den, or family room-along with a stylishly renovated powder room. Upstairs, the second level continues to impress with an updated 4-piece bathroom, an expansive primary suite with large walk-in closets and private 2-piece ensuite, and a spacious second bedroom with a large closet and lovely south view. A large laundry room with lots of room for storage, oversized hall closet (functioning like an in-suite locker), and linen closet ensure storage is abundant throughout. Enjoy premium south-facing exposure providing beautiful natural light all day in a quiet, peaceful setting away from major streets. The suite includes one parking space, and the fan coil system was replaced approximately 8 years ago (with an expected lifespan of 20-25 years per home inspection). Turnkey and move-in ready. Ideally located just steps to transit, close to shopping, schools, and major highways. Building amenities include 24-hour security, indoor and outdoor pools, and a fully equipped gym, squash courts, outdoor playground, visitor parking ++. Walking distance to parks, Loblaws and restaurants. Convenient access to Hwy 427, 401, QEW, Centennial Park, golf courses, the airport, and downtown Toronto. **photos have been virtually staged**
Estimate your monthly payments for this property
Estimated Payment
$2,796.13/mo
Includes CMHC insurance ($15,206)
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.
364 The East Mall N/A Unit 221B, 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 $389/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.
Market Position
At 37 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 $2,271 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.