$450,000 - 1 Neighbourhood Lane Unit 401, Corso Italia
Condo for Sale in Corso Italia
75 days on marketNeighbourhood: Stonegate-Queensway
- MLS Number
- W13033132
- Property Type
- Condo
- Status
- active
- Days on Site
- 75
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Corso Italia / Dufferin Grove
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTY ENTERPRISES INC.
Welcome to Backyard Condos in the heart of South Etobicoke. This beautifully designed 1 bedroom suite offers approximately 550 sq ft of bright, modern living space plus a spacious balcony perfect for relaxing in the evening. Thoughtfully designed with soaring 9 foot ceilings and wide plank flooring throughout, the open concept layout creates a stylish and functional space ideal for both everyday living and entertaining. The upgraded modern kitchen flows seamlessly into the living and dining area, creating a comfortable and inviting space filled with natural light. The spacious primary bedroom features a double closet and offers plenty of room for a large armoire or dresser, providing excellent storage and flexibility. This well designed suite also includes the convenience of ensuite laundry, one parking space and a locker. Located in a highly desirable West Toronto neighbourhood, this boutique building offers the perfect balance of urban convenience and natural surroundings. Just steps to the Humber River trails and within walking distance to the lake, Humber Bay and the vibrant Marine Parade area. Enjoy easy access to local cafés, restaurants and shops along The Queensway, Park Lawn and Lakeshore. Commuting is effortless with TTC nearby and quick access to the Gardiner Expressway, Lakeshore and downtown Toronto just minutes away. Residents enjoy exceptional building amenities including concierge service, a fully equipped fitness centre, rooftop terrace with fire pit and lounge areas, guest suite, pet spa and visitor parking. A fantastic opportunity for first time buyers, investors or those looking to downsize without compromise in one of South Etobicoke's most exciting communities **Outdoor photos are virtually edited**
Estimate your monthly payments for this property
Estimated Payment
$2,308.73/mo
Includes CMHC insurance ($12,555)
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 Stonegate-Queensway
Stonegate-Queensway 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 Stonegate-Queensway
- •Convenient location in Corso Italia / Dufferin Grove
- •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
Stonegate-Queensway 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.
1 Neighbourhood Lane Unit 401, Corso Italia / Dufferin Grove
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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 $900/sqft, this property is priced in line with current Corso Italia 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.
Negotiation Opportunity
At 75 days on site, this property has exceeded the typical selling timeline for Corso Italia. 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 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.
About Stonegate-Queensway
I know Stonegate-Queensway well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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.