$595,000 - 15 Zorra Street Unit 202, Etobicoke
Condo for Sale in Etobicoke
Neighbourhood: Islington-City Centre West
- MLS Number
- W13435828
- Property Type
- Condo
- Status
- active
- Days on Site
- 25
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP KINGS CROSS INC.
Welcome to an extraordinary residence in the sought-after Park Towers at IQ Condominiums, where modern design meets resort-inspired living in the heart of Etobicoke. Rarely offered and beautifully appointed, this sophisticated two-bedroom, two-bathroom suite showcases one of the building's most desirable features-a spectacular 365 sq. ft. wrap-around balcony, creating an exceptional extension of the living space and offering the perfect setting for outdoor dining, entertaining, or simply enjoying the fresh air from multiple vantage points. Inside, the thoughtfully designed open-concept layout is enhanced by soaring 9-foot ceilings, contemporary finishes, and expansive windows that flood the home with natural light. The modern kitchen is equipped with upgraded stainless steel appliances and seamlessly connects to the principal living and dining areas, creating an elegant space for everyday living and hosting guests. Residents enjoy access to an impressive collection of luxury amenities designed to rival those of a boutique hotel, including an indoor pool, fitness centre, concierge service, guest suites, visitor parking, rooftop terrace with BBQ facilities, party and games rooms, steam and sauna facilities, and beautifully appointed social lounges. Perfectly positioned in one of Etobicoke's fastest-growing communities, 15 Zorra Street offers unparalleled convenience. Minutes from the QEW, Highway 427, the Gardiner Expressway, Sherway Gardens, IKEA, Costco, and public transit, residents enjoy effortless connectivity throughout the GTA. The neighbourhood continues to evolve with new parks, trails, restaurants, shopping and recreational amenities, while nearby Humber Bay waterfront parks provide kilometres of scenic walking and cycling paths along Lake Ontario. An exceptional opportunity to own a stylish urban retreat distinguished by its rare oversized wrap-around terrace, premium building amenities, and prime Etobicoke location. This is condominium living at its finest
Estimate your monthly payments for this property
Estimated Payment
$3,052.66/mo
Includes CMHC insurance ($16,601)
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 Islington-City Centre West
Islington-City Centre West 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 Islington-City Centre West
- •Convenient location in Etobicoke (Islington / Rexdale)
- •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
Islington-City Centre West 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.
15 Zorra Street Unit 202, Etobicoke (Islington / Rexdale)
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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 $850/sqft, this property is priced in line with current Etobicoke 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.
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 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.
About Islington-City Centre West
I know Islington-City Centre West 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.
Investment Perspective
Looking at this as an investment: Etobicoke properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,479 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.