840 Queen's Plate Drive Unit 612, Toronto W10

Price: $380,000

2 bedrooms, 2 bathrooms

500 sqft

Property Type: Condo

MLS#: W13168216

Welcome to The Lexington Residences - Suite 612! Bright and beautifully maintained 1+Den, 2-bath condo offering an efficient open-concept layout with sought-after south exposure and abundant natural light. Featuring 9-ft ceilings, updated laminate flooring, modern light fixtures, and a spacious balcony perfect for relaxing or entertaining. The upgraded kitchen boasts granite countertops, backsplash, stainless steel appliances, and updated cabinetry. Generous primary bedroom includes a double closet and private 3-piece ensuite. Versatile den ideal for a home office, nursery, or potential second bedroom. Enjoy the convenience of in-suite laundry, ample storage, owned locker, and 1 underground parking space. Exceptional location steps to transit and minutes to highways 427/401/409, Pearson Airport, Woodbine Mall, Woodbine Racetrack & Casino, shopping, dining, schools, and everyday amenities. Fantastic opportunity for first-time buyers, investors, or downsizers seeking comfort and convenience in a growing Toronto community.

840 Queen's Plate Drive Unit 612 - Condo photo 1 of 30 in Etobicoke (West Mall / Rexdale), Ontario
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$380,000 - 840 Queen's Plate Drive Unit 612, Etobicoke

Condo for Sale in Etobicoke

2Beds
2Baths
500Sq Ft
Condo
Property Details
MLS Number
W13168216
Property Type
Condo
Status
active
Days on Site
24
Bedrooms
2
Bathrooms
2
Square Feet
500 sqft
Neighbourhood
Etobicoke (West Mall / Rexdale)
Locker
Owned
Exposure
South
Balcony
Open
Listing Brokerage
RE/MAX HALLMARK YORK GROUP REALTY LTD.
Description

Welcome to The Lexington Residences - Suite 612! Bright and beautifully maintained 1+Den, 2-bath condo offering an efficient open-concept layout with sought-after south exposure and abundant natural light. Featuring 9-ft ceilings, updated laminate flooring, modern light fixtures, and a spacious balcony perfect for relaxing or entertaining. The upgraded kitchen boasts granite countertops, backsplash, stainless steel appliances, and updated cabinetry. Generous primary bedroom includes a double closet and private 3-piece ensuite. Versatile den ideal for a home office, nursery, or potential second bedroom. Enjoy the convenience of in-suite laundry, ample storage, owned locker, and 1 underground parking space. Exceptional location steps to transit and minutes to highways 427/401/409, Pearson Airport, Woodbine Mall, Woodbine Racetrack & Casino, shopping, dining, schools, and everyday amenities. Fantastic opportunity for first-time buyers, investors, or downsizers seeking comfort and convenience in a growing Toronto community.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,949.60/mo

Includes CMHC insurance ($10,602)

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5-yr fixed avg.

Principal: $342,000Interest: $232,277
Mortgage Amount$352,602
Total Interest$232,277
Est. Property Tax$269/mo
Total Cost$584,879

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: Etobicoke (West Mall / Rexdale)

Discover Etobicoke (West Mall / Rexdale)

Etobicoke (West Mall / 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 (West Mall / Rexdale)

  • Convenient location in Etobicoke (West Mall / Rexdale)
  • 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

Etobicoke (West Mall / 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.

70
Walk Score
Varies
Price Range

840 Queen's Plate Drive Unit 612, Etobicoke (West Mall / Rexdale)

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
4.8%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$325
Property Tax (est.)-$269
Insurance (est.)-$79
Net Cash Flow+$1,527

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 $760/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 24 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 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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    840 Queen's Plate Drive Unit 612 | $380,000 | Battaglia Team