60 Fairfax Crescent Unit 227, Toronto E04

Price: $438,000

3 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: E13221384

Welcome to this bright and functional 2+1 bedroom suite offering approximately 674 sq.ft. of thoughtfully designed living space, complete with a private balcony, parking, and locker for added convenience. The open-concept layout seamlessly connects the living, dining, and kitchen areas, creating a comfortable space ideal for both everyday living and entertaining. The second bedroom has been converted into an open-concept dining area and can easily be converted back into a full-size bedroom if desired. The versatile den is spacious enough to accommodate both a bed and study desk, providing excellent flexibility for a home office, guest space, or additional sleeping area. Large windows allow for abundant natural light, while the balcony offers an inviting outdoor extension of the home. The unit also includes one of the best parking spots in the building, conveniently located directly across from the elevator. Residents enjoy excellent building amenities including a rooftop deck, party room, gym room, and meeting room, while being conveniently located approximately 15 minutes to the DVP and Hwy 401, and only 4 minutes to Warden Station. Ideally situated close to transit, shopping, dining, parks, and major amenities, this suite presents an excellent opportunity for first-time buyers, professionals, or investors seeking modern urban living in Toronto.

60 Fairfax Crescent Unit 227 - Condo photo 1 of 4 in Dorset Park / Kennedy Park, Ontario
60 Fairfax Crescent Unit 227 - Condo photo 2 of 4 in Dorset Park / Kennedy Park, Ontario
60 Fairfax Crescent Unit 227 - Condo photo 3 of 4 in Dorset Park / Kennedy Park, Ontario
60 Fairfax Crescent Unit 227 - Condo photo 4 of 4 in Dorset Park / Kennedy Park, Ontario
active
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$438,000 - 60 Fairfax Crescent Unit 227, Kennedy Park

Condo for Sale in Kennedy Park

3Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
E13221384
Property Type
Condo
Status
active
Days on Site
15
Bedrooms
3
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Dorset Park / Kennedy Park
Locker
Owned
Exposure
West
Balcony
Open
Listing Brokerage
CENTURY 21 KING`S QUAY REAL ESTATE INC.
Description

Welcome to this bright and functional 2+1 bedroom suite offering approximately 674 sq.ft. of thoughtfully designed living space, complete with a private balcony, parking, and locker for added convenience. The open-concept layout seamlessly connects the living, dining, and kitchen areas, creating a comfortable space ideal for both everyday living and entertaining. The second bedroom has been converted into an open-concept dining area and can easily be converted back into a full-size bedroom if desired. The versatile den is spacious enough to accommodate both a bed and study desk, providing excellent flexibility for a home office, guest space, or additional sleeping area. Large windows allow for abundant natural light, while the balcony offers an inviting outdoor extension of the home. The unit also includes one of the best parking spots in the building, conveniently located directly across from the elevator. Residents enjoy excellent building amenities including a rooftop deck, party room, gym room, and meeting room, while being conveniently located approximately 15 minutes to the DVP and Hwy 401, and only 4 minutes to Warden Station. Ideally situated close to transit, shopping, dining, parks, and major amenities, this suite presents an excellent opportunity for first-time buyers, professionals, or investors seeking modern urban living in Toronto.

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Estimate your monthly payments for this property

Estimated Payment

$2,247.17/mo

Includes CMHC insurance ($12,220)

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5-yr fixed avg.

Principal: $394,200Interest: $267,730
Mortgage Amount$406,420
Total Interest$267,730
Est. Property Tax$310/mo
Total Cost$674,150

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.

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Neighbourhood Guide: Dorset Park / Kennedy Park

Discover Dorset Park / Kennedy Park

Dorset Park / Kennedy Park 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 Dorset Park / Kennedy Park

  • Convenient location in Dorset Park / Kennedy Park
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Dorset Park / Kennedy Park 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.

70
Walk Score
Varies
Price Range

60 Fairfax Crescent Unit 227, Dorset Park / Kennedy Park

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,600/mo
Range: $2,210 - $2,990
Cap Rate (ROI)
5.0%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,600
Maintenance Fees-$390
Property Tax (est.)-$310
Insurance (est.)-$91
Net Cash Flow+$1,809

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $730/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 15 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 600 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.

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.

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.

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    60 Fairfax Crescent Unit 227, D… — $438,000 | Battaglia Team