$819,900 - 495 Logan Avenue Unit 505, Leslieville
Condo for Sale in Leslieville
45 days on market- MLS Number
- E13063860
- Property Type
- Condo
- Status
- active
- Days on Site
- 45
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Riverdale / Leslieville
- Locker
- None
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE TERREQUITY REALTY
INCREDIBLE VALUE @ The Lofthouse, a refined boutique address in the heart of North Riverdale. A rare opportunity to purchase at a significantly lower price per square foot compared to recent area comparables at $898/sqf! This striking, almost 1000 sf, 2 bed, 2 bath residence pairs modern design with effortless comfort, where soaring 10ft ceilings and rich hardwood floors create an airy, light-filled space for everyday living. The expansive living & dining area is drenched in natural light, with large floor to ceiling windows framing charming neighbourhood views - equal parts cozy & cosmopolitan. At the centre of it all, the kitchen steals the spotlight: quartz countertops, massive centre island, s/s appliances, sleek cabinetry, and generous storage designed for everything from quiet morning coffee to lively dinner parties. The primary bedroom is your private sanctuary, complete with a walk-in closet, spa-inspired 3-piece ensuite, & direct access to a sun-kissed balcony. The second bedroom is equally spacious and flexible. A rare bonus: a large in-suite storage closet keeps everything beautifully tucked away. Step onto your balcony, equipped with a gas BBQ hookup and electrical outlet - made for golden-hour grilling, weekend wine, and late-night city views. With only 58 suites, The Lofthouse delivers boutique living at its best - intimate, stylish, and refreshingly low-key. Amenities include a rooftop deck with sweeping skyline views, a serene yoga studio, a fully equipped gym, and a chic dining room for gatherings that go well into the evening. And the location? Pure Riverdale magic. Jump on the Gerrard streetcar for a quick ride downtown, catch the Broadview bus to the subway, or wander to Withrow, Jimmie Simpson, and Riverdale Parks. Surrounded by craft breweries, indie cafes, art galleries, and some of the East End's best bistros - and just steps from the creative pulse of Leslieville - this is city living with personality, style, and serious neighbourhood cred.
Estimate your monthly payments for this property
Estimated Payment
$4,206.51/mo
Includes CMHC insurance ($22,875)
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.
495 Logan Avenue Unit 505, Riverdale / Leslieville
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Rental income estimator & ROI calculator
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 $911/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.
Market Position
At 45 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.
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: Leslieville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,416 (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.