$1,298,000 - 71 Old Mill Road Unit 304, Etobicoke
Condo for Sale in Etobicoke
New — Listed 2 days ago- MLS Number
- W13240960
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Exclusive
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
Nestled within the prestigious Old Mill Terrace, this spacious two-storey suite offers a perfect blend of timeless charm and modern design. The stately exterior reflects the character of The Kingsway, while inside, contemporary finishes create a serene and stylish retreat. The main level is bright and airy, with floor-to-ceiling windows that frame leafy views and fill the space with natural light. A sleek, modern kitchen anchors the open living area, which opens onto a private balcony, perfect for morning coffee or relaxing outdoors. Upstairs, the primary suite is a true sanctuary, featuring its own private balcony, an expansive walk-through closet and a spa-like five-piece ensuite with oversized shower and deep soaking tub. Located in an intimate boutique building, you're just steps from The Old Mill subway, the Humber River trails, and Etienne Brulé Park. Bloor Streets shops, cafés, and dining are a short stroll away, with easy access to the QEW and Gardiner Expressway. Enjoy the best of both worlds of a peaceful, nature-filled setting with the convenience of city living.
Estimate your monthly payments for this property
Estimated Payment
$5,741.49/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 Etobicoke (Islington / Rexdale)
Etobicoke (Islington / Rexdale) 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 Etobicoke (Islington / Rexdale)
- •Convenient location in Etobicoke (Islington / Rexdale)
- •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
Etobicoke (Islington / Rexdale) 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.
71 Old Mill Road Unit 304, Etobicoke (Islington / Rexdale)
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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 $927/sqft, this property is priced in line with current Etobicoke 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.
Just Listed - Act Strategically
This property hit the market within the last week. In Etobicoke's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Investment Perspective
Looking at this as an investment: Etobicoke properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,408 (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.