$510,000 - 8 Petra Way Unit 1, Whitby
Condo for Sale in Whitby
- MLS Number
- E13162040
- Property Type
- Condo
- Status
- active
- Days on Site
- 25
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 900 sqft
- Neighbourhood
- Whitby
- Locker
- None
- Exposure
- West
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX Rouge River Realty Ltd.
This beautifully maintained home offers stylish updates and comfortable living throughout. Featuring California shutters, elegant drapes and panels, upgraded light fixtures, and fresh modern paint, the home has been thoughtfully refreshed with attention to detail. The bright open-concept living and dining area showcases crown moulding, California shutters, and a walkout to the private patio, creating an inviting space for both everyday living and entertaining. The kitchen overlooks the dining area and features stainless steel appliances, a breakfast bar, and functional workspace. The spacious primary bedroom includes a large walk-in closet, large window, and crown moulding, while the second bedroom offers a double closet, broadloom flooring, and plenty of natural light. The updated bathroom features a new vanity and sink, upgraded Bath Fitter tub and wall surround, and a large medicine cabinet for added storage. The bright west-facing lower level enjoys great natural light and provides direct access to the patio area, offering a peaceful outdoor retreat. This home also includes one underground parking spot, providing added convenience and protection year-round. One additional rented parking space is available for a monthly fee of $50. Located in a desirable neighbourhood close to parks, schools, and amenities, this home is move-in ready and waiting for its next owner to make it their own.
Estimate your monthly payments for this property
Estimated Payment
$2,616.56/mo
Includes CMHC insurance ($14,229)
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.
8 Petra Way Unit 1, 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 $567/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 25 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 900 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: Whitby properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,125 (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.