$639,900 - 45 Connaught Avenue Unit 402, Leslieville
Condo for Sale in Leslieville
138 days on market- MLS Number
- E12435451
- Property Type
- Condo
- Status
- active
- Days on Site
- 138
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Riverdale / Leslieville
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- Signature Elite Realty Ltd.
Enjoy the best of East End living in this spacious unit with an oversized balcony, set within a boutique low-rise building just steps from Queen Street and the Beach. **With all utilities included in the maintenance fees and a locker!** Nestled in an area with high rentability, offering the comfort of a larger home with the ease of condo living, enjoy over 720 sq. ft. of well-planned living space. The open-concept layout features a bright living and dining area that flows seamlessly to a rare oversized south-facing balcony - ideal for morning coffee, entertaining, or simply relaxing outdoors. The kitchen is equipped with stainless steel appliances and backsplash, while the generously sized bedroom includes a full closet and plenty of natural light. Surface parking and an owned locker provide everyday convenience. All-inclusive maintenance covers every utility, making this a smart and cost-effective choice for homeowners. All this and more wrapped up in a fantastic location. Walk to Queen Street, the Beach, boardwalk, nightlife, cafes, parks, Ashbridge's Bay, and transit. With the TTC at your door, you can be downtown in minutes while still enjoying the community feel of the east end. Whether you're a first-time buyer, investor, or looking to downsize, this condo combines lifestyle, convenience, and value in a way that's hard to match. The parking reflected in the MLS listing is to indicate that parking is available for purchase. Parking is available at $35,000 per space and is not included in the purchase price outlined herein.
Estimate your monthly payments for this property
Estimated Payment
$3,283.02/mo
Includes CMHC insurance ($17,853)
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 Riverdale / Leslieville
Riverdale / Leslieville 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 Riverdale / Leslieville
- •Convenient location in Riverdale / Leslieville
- •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
Riverdale / Leslieville 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.
45 Connaught Avenue Unit 402, Riverdale / Leslieville
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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
Fair Market Value
At $914/sqft, this property is priced in line with current Leslieville market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 138 days on site, this property has exceeded the typical selling timeline for Leslieville. 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 700 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: Leslieville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,666 (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.