940 Caledonia Road Unit 1005, Toronto W04

Price: $419,000

3 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Condo

MLS#: W13151100

Newly renovated 3-bedroom unit a prime location! Just 10 minutes to Yorkdale Shopping Centre and 7 minutes to Orfus Road Outlet District. Conveniently located close to the TTC, school, parks, basketball courts, grocery stores, shopping, dining, and more. Enjoy stunning balcony views and a spacious layout perfect for families or investors alike.

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$419,000 - 940 Caledonia Road Unit 1005, York

Condo for Sale in York

3Beds
1Baths
700 - 1,099Sq Ft
Condo
Property Details
MLS Number
W13151100
Property Type
Condo
Status
active
Days on Site
28
Bedrooms
3
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
York / Weston
Locker
None
Exposure
East
Balcony
Open
Listing Brokerage
CITYSCAPE REAL ESTATE LTD.
Description

Newly renovated 3-bedroom unit a prime location! Just 10 minutes to Yorkdale Shopping Centre and 7 minutes to Orfus Road Outlet District. Conveniently located close to the TTC, school, parks, basketball courts, grocery stores, shopping, dining, and more. Enjoy stunning balcony views and a spacious layout perfect for families or investors alike.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,149.69/mo

Includes CMHC insurance ($11,690)

$
$
5%10%50%

5-yr fixed avg.

Principal: $377,100Interest: $256,116
Mortgage Amount$388,790
Total Interest$256,116
Est. Property Tax$297/mo
Total Cost$644,906

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: York / Weston

Discover York / Weston

York / Weston 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 York / Weston

  • Convenient location in York / Weston
  • 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

York / Weston 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

940 Caledonia Road Unit 1005, York / Weston

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,600/mo
Range: $2,210 - $2,990
Cap Rate (ROI)
5.0%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,600
Maintenance Fees-$455
Property Tax (est.)-$297
Insurance (est.)-$87
Net Cash Flow+$1,761

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 $599/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 28 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 700 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.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

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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    940 Caledonia Road Unit 1005 | $419,000 | Battaglia Team