$665,000 - 51 Petra Way Unit 3, Whitby
Condo for Sale in Whitby
34 days on market- MLS Number
- E13118578
- Property Type
- Condo
- Status
- active
- Days on Site
- 34
- Bedrooms
- 4
- Bathrooms
- 1
- Square Feet
- 1,400 sqft
- Neighbourhood
- Whitby
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Rarely offered end-unit townhouse on Petra Way in Whitby. This bright and spacious home offers approximately 1,516 sq ft of living space with an abundance of natural light from multiple windows and views of the landscaped courtyard.The main level features three well-sized bedrooms and an updated kitchen with quartz countertops (2022), pot lights, and a custom pantry with coffee bar (2022). The open-concept living and dining area provides a functional layout for everyday living and entertaining, along with ensuite laundry and additional storage. The pantry area offers potential for alternative use, including possible future conversion.The upper-level loft offers flexible use as an additional bedroom, home office, or recreation space.Includes owned hot water tank (2021), one underground parking space, and a locker. Maintenance fee includes water, roof and window maintenance, snow removal, and garbage pick-up.Conveniently located close to shopping, restaurants, parks, schools, public transit, and major highways (401, 407), with easy access to GO Transit. Nearby amenities include Thermea Spa Village, Downtown Whitby, and several schools, parks, including Teddington Parkette, Fallingbrook Park, and Robinson Park. Maintenance Fee Includes: Water, Roof & Window Maintenance, Snow Removal/ Garbage Pick-Up. Underground parking space #P145 and locker located behind pillar #P213
Estimate your monthly payments for this property
Estimated Payment
$3,411.79/mo
Includes CMHC insurance ($18,554)
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 Whitby
Whitby 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 Whitby
- •Convenient location in Whitby
- •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
Whitby 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 Petra Way Unit 3, Whitby
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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 $475/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.
Market Position
At 34 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Whitby. Good resale value as demand remains consistent.
Investment Perspective
Looking at this as an investment: Whitby properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,771 (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.