$698,000 - 88 Broadway Avenue Unit PH5, Leaside
Condo for Sale in Leaside
70 days on market- MLS Number
- C12980604
- Property Type
- Condo
- Status
- active
- Days on Site
- 70
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Leaside / Davisville
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- CITYSCAPE REAL ESTATE LTD.
Welcome to Penthouse 5 at 88 Broadway - Priced to Sell! Experience elevated living in this rare corner penthouse, where luxury meets an unbeatable Midtown location. This penthouse offers exceptional value for a bright and spacious 2-bedroom, 2-bathroom residence with approximately 985 sq ft of refined living space. Enjoy 10-ft smooth ceilings and a coveted northwest exposure, filling the home with natural light and open views throughout. A welcoming foyer provides added privacy, leading into a beautifully designed open-concept living and dining area featuring hardwood flooring, crown moulding, and custom built-ins. A standout feature is the concealed built-in Murphy bed, seamlessly integrated for a stylish guest space. Prefer a larger living area? The Murphy bed can be removed, allowing for an even more expansive and open living room tailored to your lifestyle. The primary suite offers a walk-in closet and a private ensuite bath, while the second bedroom provides flexibility for guests, a home office, or additional living space. This exceptional penthouse also includes 1 parking space and 2 lockers. Residents enjoy premium amenities, including 24-hour concierge, indoor pool, fully equipped gym, party room, and a landscaped terrace with BBQs. Don't miss this incredible opportunity to live in one of Toronto's most desirable neighbourhoods, just steps to the Toronto Subway Line 1 and the Eglinton Crosstown LRT, with endless dining options along Yonge Street and Eglinton Avenue. Situated near top-rated schools including North Toronto Collegiate Institute, Eglinton Junior Public School, and Hodgson Middle School.
Estimate your monthly payments for this property
Estimated Payment
$3,581.10/mo
Includes CMHC insurance ($19,474)
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 Leaside / Davisville
Leaside / Davisville 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 Leaside / Davisville
- •Convenient location in Leaside / Davisville
- •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
Leaside / Davisville 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.
88 Broadway Avenue Unit PH5, Leaside / Davisville
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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 $776/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 70 days on site, this property has exceeded the typical selling timeline for Leaside. 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 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: Leaside properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,908 (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.