60 Fairfax Crescent Unit 531, Toronto E04

Price: $349,000

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: E12882942

Welcome to this bright, east-facing suite in the desirable Clairlea community, complete with parking and a locker. This beautifully maintained, move-in ready condo offers a thoughtfully designed open-concept layout filled with natural morning light, enhanced by fresh interior paint and modern laminate flooring throughout. The spacious kitchen features granite countertops, stainless steel appliances, and a convenient breakfast bar, while the well-appointed four-piece bathroom includes a tub and ceramic flooring. Generous storage space and a functional layout make the home both stylish and practical. Residents enjoy a well-managed building with excellent amenities including a fully equipped gym, exercise room, library, party/meeting room, and a stunning rooftop terrace and garden offering sweeping city views. Ideally located just steps from Warden Subway Station with direct access to TTC Line 2 and close to the upcoming Eglinton Crosstown LRT (Golden Mile stop), commuting across the city or to downtown Toronto-approximately 20 minutes away-is effortless. Surrounded by parks, schools, shops, restaurants, theatres, Eglinton Square Mall, Eglinton Town Centre, and Warden Hilltop Community Centre, this exceptional home offers the perfect blend of comfort, convenience, and future growth potential-an outstanding opportunity for first-time buyers, investors, or those looking to enjoy vibrant urban living in a well-connected neighbourhood.

60 Fairfax Crescent Unit 531 - Condo photo 1 of 33 in Dorset Park / Kennedy Park, Ontario
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$349,000 - 60 Fairfax Crescent Unit 531, Kennedy Park

Condo for Sale in Kennedy Park

94 days on market
1Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
E12882942
Property Type
Condo
Status
active
Days on Site
94
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Dorset Park / Kennedy Park
Locker
Owned
Exposure
East
Balcony
Juliette
Listing Brokerage
MEHOME REALTY (ONTARIO) INC.
Description

Welcome to this bright, east-facing suite in the desirable Clairlea community, complete with parking and a locker. This beautifully maintained, move-in ready condo offers a thoughtfully designed open-concept layout filled with natural morning light, enhanced by fresh interior paint and modern laminate flooring throughout. The spacious kitchen features granite countertops, stainless steel appliances, and a convenient breakfast bar, while the well-appointed four-piece bathroom includes a tub and ceramic flooring. Generous storage space and a functional layout make the home both stylish and practical. Residents enjoy a well-managed building with excellent amenities including a fully equipped gym, exercise room, library, party/meeting room, and a stunning rooftop terrace and garden offering sweeping city views. Ideally located just steps from Warden Subway Station with direct access to TTC Line 2 and close to the upcoming Eglinton Crosstown LRT (Golden Mile stop), commuting across the city or to downtown Toronto-approximately 20 minutes away-is effortless. Surrounded by parks, schools, shops, restaurants, theatres, Eglinton Square Mall, Eglinton Town Centre, and Warden Hilltop Community Centre, this exceptional home offers the perfect blend of comfort, convenience, and future growth potential-an outstanding opportunity for first-time buyers, investors, or those looking to enjoy vibrant urban living in a well-connected neighbourhood.

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Estimate your monthly payments for this property

Estimated Payment

$1,790.55/mo

Includes CMHC insurance ($9,737)

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5-yr fixed avg.

Principal: $314,100Interest: $213,328
Mortgage Amount$323,837
Total Interest$213,328
Est. Property Tax$247/mo
Total Cost$537,165

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 531, Dorset Park / Kennedy Park

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
4.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$325
Property Tax (est.)-$247
Insurance (est.)-$73
Net Cash Flow+$1,155

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 $698/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.

Negotiation Opportunity

At 94 days on site, this property has exceeded the typical selling timeline for Kennedy Park. 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 500 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.

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 531, D… — $349,000 | Battaglia Team