$835,999 - 53 Colgate Avenue Unit 404, Leslieville
Condo for Sale in Leslieville
135 days on market- MLS Number
- E12671978
- Property Type
- Condo
- Status
- active
- Days on Site
- 135
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Riverdale / Leslieville
- Locker
- Owned
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- DOWNTOWN REAL ESTATE CORP.
Designer top floor loft in sought after boutique building. This stunning, sundrenched 2 bed, 2 bath home blends loft living with modern elegance. Soaring 10-ftceilings, oversized windows, and wide-open sunny south and west views create a dramatic sense of space and light. Quiet southern exposure away from the bustle of the front door. The open-concept layout is anchored by a sleek, custom built chefs kitchen featuring a Cesar stone waterfall counter and matching backsplash, illuminated feature cabinet's, high end stainless steel appliances and unparalleled cabinet space. There's even a walk-in pantry/laundry room! Built in custom closets throughout are designed for maximum storage and comfortable living. Tucked inside an exclusive 15 unit building, this unit offers rare privacy and a distinctly upscale vibe with only one neighbor. Skip the stairs without a long wait for the elevator. Enjoy dramatic skies as the sun sets and catch a glimpse of long weekend fireworks from the 108 sq foot south facing patio. Every detail is curated from the airy layout to the modern fixtures making it the perfect backdrop for comfortable urban living. Set in one of the city's most dynamic and creative neighborhood's, you'll be steps from parks, top cafes, shops, services and restaurants. Its a minute walk from the Queen streetcar, and provides quick access to downtown, the Lakeshore and DVP, making commuting a breeze. And its close to the future Ontario Line Leslieville / Riverside station. Home to professionals, families and pets, its part of a warm and welcoming community. Don't miss out on this rarely available opportunity to get into this exclusive building. Secure, covered, garage access surface parking and locker included Newly refinished hardwood throughout
Estimate your monthly payments for this property
Estimated Payment
$4,289.11/mo
Includes CMHC insurance ($23,324)
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.
53 Colgate Avenue Unit 404, 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 $1045/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 135 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 800 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 $3,483 (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.