$524,000 - 41 Markbrook Lane Unit 1606, Etobicoke
Condo for Sale in Etobicoke
134 days on market- MLS Number
- W12760124
- Property Type
- Condo
- Status
- active
- Days on Site
- 134
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Etobicoke (West Mall / Rexdale)
- Locker
- Owned
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- KELLER WILLIAMS ENERGY REAL ESTATE
2 Bedroom, 2 Bath High Level, South Facing END UNIT. No Neighbours on the North Side. This Unit offers breathtaking views of the Humber River Trail and the City Skyline, even the CN Tower on Clear days. This unit has been well maintained and updated. Just under 1000 sq ft of living space. Open concept living and dining area. Kitchen complete with Stainless Steel Appliances, recently added counter space with a modern coffee nook with smoke glass cabinets and additional storage. Just off the kitchen is the bright dining area with large windows from floor to ceiling. This area can also be used for an office area. The primary bedroom features a wall-to-wall triple door closet, a private 4 piece ensuite bathroom with marble floors, granite countertop, and an ensuite laundry for added convenience. The second bedroom is also generously sized with a closet and large windows. 2nd bathroom is a 3-piece, equipped with a walk-in shower, vinyl floor, and free-standing vanity. 2 bedrooms, 2 full bathrooms, ensuite laundry, in- unit storage/ utility room, large hall closet, freshly painted throughout, crown moulding, and so much more is what sets this unit apart from the rest. Additonal Highlights include low property taxes, low maintenance fees, and low utility costs. Pets are welcome with restrictions. 1 Owned Parking space, 1 Owned locker. Set in a quiet, well-maintained building with no north-side neighbors, residents enjoy a full suite of amenities: indoor pool, fitness centre, sauna, recreation/party room, visitor parking, and 24-hour security, stepts away from North Humber Park with a large baseball diamond, splash pad, large Park and basket ball court. So much fun for the family and great for picnics. Conveniently located minutes from TTC, Highways 427 & 401, Pearson Airport, and close to York University, Humber College, top-rated schools, shopping, and scenic nature trails.
Estimate your monthly payments for this property
Estimated Payment
$2,688.39/mo
Includes CMHC insurance ($14,620)
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 (West Mall / Rexdale)
Etobicoke (West Mall / 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 (West Mall / Rexdale)
- •Convenient location in Etobicoke (West Mall / 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 (West Mall / 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.
41 Markbrook Lane Unit 1606, Etobicoke (West Mall / 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 $582/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.
Negotiation Opportunity
At 134 days on site, this property has exceeded the typical selling timeline for Etobicoke. 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.
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.
Efficient Living
At 900 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.
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 $2,183 (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.