$638,000 - 2 Gladstone Avenue Unit 703, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Little Portugal
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- MLS Number
- C13810912
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $3,154
- Maintenance Fees
- $838/mo
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- BABIAK TEAM REAL ESTATE BROKERAGE LTD.
Welcome to this exceptional 1-bedroom + den in a boutique 8-storey loft-style building, perfectly situated in the heart of Queen West with unobstructed east-facing views overlooking the iconic Gladstone Hotel. With 9' exposed concrete ceilings, a wall of windows and an open-concept layout, the suite is filled with natural light and offers a stylish, modern feel. The spacious living and dining area opens onto a large private east-facing balcony, offering beautiful city views and the perfect spot to enjoy your morning coffee. The updated kitchen is seamlessly integrated into the living space and features quartz countertops, tile backsplash and stainless-steel appliances. The versatile den is ideal for a home office, guest space or additional storage, while in-suite laundry adds everyday convenience. One owned parking space and an adjacent locker are also included. Residents can enjoy the building's party room when entertaining or hosting larger gatherings. Beyond your front door, you're surrounded by everything that makes Queen West so vibrant, with a grocery store directly across the street and the Queen streetcar just steps away. Trendy shops, cafés, restaurants and galleries are all within easy reach, while Trinity Bellwoods Park and the fabulous dining scene along Ossington Avenue are just a short stroll away. A bright, stylish and wonderfully walkable city home with incredible views and everything you need right outside your door.
Estimate your monthly payments for this property
Estimated Payment
$3,273.27/mo
Includes CMHC insurance ($17,800)
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 Little Portugal
Little Portugal 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 Little Portugal
- •Convenient location in Downtown Toronto / Waterfront
- •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
Little Portugal 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.
2 Gladstone Avenue Unit 703, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
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 $1063/sqft, this property is priced in line with current Downtown Toronto 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 16 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. The $838/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 600 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 Little Portugal
I know Little Portugal 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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,658 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.