38 Iannuzzi Street Unit 311, Toronto C01

Price: $394,900

0 bedrooms, 1 bathrooms

Property Type: New Construction

MLS#: C12524482

Come Live In This Newer Studio Unit With Very Big Terrace, Fantastic Layout W/ Open Concept Living/Dining/Kitchen Area, Kitchen movable Island, Facing West, Located In The Heart Of The Entertainment District, Close To Financial District, Steps To Major Downtown Areas, CN Tower, Rogers Centre, Chinatown, Best Restaurants & Shops. Building Amenities: Party Room, Guest Suites, Theatre Lounge, Bar, Billiard Lounge, Fitness, Outdoor Terrace, Etc. Extras:

38 Iannuzzi Street Unit 311 - New Construction photo 1 of 14 in Downtown Toronto / Waterfront, Ontario
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$394,900 - 38 Iannuzzi Street Unit 311, Downtown Toronto

New Construction for Sale in Downtown Toronto

49 days on market
0Beds
1Baths
N/ASq Ft
New Construction
Property Details
MLS Number
C12524482
Property Type
New Construction
Status
active
Days on Site
49
Bedrooms
0
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Downtown Toronto / Waterfront
Locker
None
Exposure
West
Balcony
Terrace
Listing Brokerage
CENTURY 21 KING`S QUAY REAL ESTATE INC.
Description

Come Live In This Newer Studio Unit With Very Big Terrace, Fantastic Layout W/ Open Concept Living/Dining/Kitchen Area, Kitchen movable Island, Facing West, Located In The Heart Of The Entertainment District, Close To Financial District, Steps To Major Downtown Areas, CN Tower, Rogers Centre, Chinatown, Best Restaurants & Shops. Building Amenities: Party Room, Guest Suites, Theatre Lounge, Bar, Billiard Lounge, Fitness, Outdoor Terrace, Etc. Extras:

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,026.04/mo

Includes CMHC insurance ($11,018)

$
$
5%10%50%

5-yr fixed avg.

Principal: $355,410Interest: $241,385
Mortgage Amount$366,428
Total Interest$241,385
Est. Property Tax$280/mo
Total Cost$607,813

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: Downtown Toronto / Waterfront

Discover Downtown Toronto / Waterfront

Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront

  • Convenient location in Downtown Toronto / Waterfront
  • 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

Downtown Toronto / Waterfront 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

38 Iannuzzi Street Unit 311, Downtown Toronto / Waterfront

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,400/mo
Range: $2,040 - $2,760
Cap Rate (ROI)
6.2%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,400
Maintenance Fees-$0
Property Tax (est.)-$280
Insurance (est.)-$82
Net Cash Flow+$2,038

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Negotiation Opportunity

At 49 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. 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.

Efficient Living

At 0 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.

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.

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