$1,599,000 - 51 Paul Lane Gardens Unit TH05, Downtown Toronto
Condo for Sale in Downtown Toronto
Popular Listing- MLS Number
- C13226026
- Property Type
- Condo
- Status
- active
- Days on Site
- 14
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North South
- Balcony
- Terrace
- Listing Brokerage
- BOSLEY REAL ESTATE LTD.
Discover & Delight In All That This Contemporary End-Row Downtown Townhome Has To Offer! Perfect For Those Seeking A Discrete & Quiet Oasis In Within Toronto's Vibrant Downtown-West. This Expansive & Bright 3 Bedroom, 2.5 Bath Townhome Is Perfect for Urban Professionals and Families Alike. The Open Concept Main Floor's Living, Dining, & Chef's Kitchen Is Perfect For Entertaining, While The Family Room Below Offers A Retreat From The Buzz Of The City. Additional Highlights: Ground Floor Entry Via Interior Garden/Parkette + Super Discrete Secondary Entry Via Exclusive Underground 2-Spot Tandem Parking; Private Fenced Rear Yard W/ Gas Hookup For Summer BBqs; Spectacular 3rd Floor Primary Suite W/ 5Pc Ensuite Bath, Wic, 2nd Closet, & Custom Vanity. Steps Away From Highly Acclaimed Establishments Such As Alo & BarChef; A Hop Away From The Well And Queen West Fashion District Boutiques. Enjoy All That Queen & King West, The Entertainment/Theatre District, Kensington Market, Chinatown, And Dundas West Has To Offer. Future Ontario Line Subway Stop Is Around The Corner + Easy Access To Multiple LRT & Tram Lines + Gardiner.
Estimate your monthly payments for this property
Estimated Payment
$7,072.92/mo
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 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
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.
51 Paul Lane Gardens Unit TH05, Downtown Toronto / Waterfront
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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 $800/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.
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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,663 (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.