$518,000 - 2 Old Mill Drive Unit 505, High Park
Condo for Sale in High Park
Neighbourhood: High Park-Swansea
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- MLS Number
- W13775206
- Property Type
- Condo
- Status
- active
- Days on Site
- 26
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- High Park / Junction / Roncesvalles
- Taxes (2026)
- $3,108
- Maintenance Fees
- $759/mo
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Welcome to this Elegant Tridel-Built 1-Bedroom Suite in the Prestigious Old Mill Community! Featuring 9-Ft Ceilings, Floor-to-Ceiling Windows, and Quality Finishes Throughout, This Bright and Well-Designed Residence Offers a Comfortable and Sophisticated Living Space. The Modern Kitchen Features Stainless Steel Appliances, Granite Countertops, Breakfast Bar, and Stylish Ceramic Tile Backsplash. The Well-Appointed Bathroom Showcases Premium Porcelain Tile, Marble Countertop, and Upscale Fixtures. Includes 1 Parking Space and 1 Locker for Added Convenience. Enjoy an Exceptional Building with an Impressive Selection of Amenities. Ideally Located Just Steps to Old Mill Subway Station, Bloor West Village, the Humber River, Scenic Walking & Cycling Trails, Shops, Restaurants, and More. Experience the Perfect Combination of Luxury, Convenience, and Nature in One of Toronto's Most Desirable Neighbourhoods! Property is virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$2,657.61/mo
Includes CMHC insurance ($14,452)
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 High Park-Swansea
High Park-Swansea 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 High Park-Swansea
- •Convenient location in High Park / Junction / Roncesvalles
- •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
High Park-Swansea 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 Old Mill Drive Unit 505, High Park / Junction / Roncesvalles
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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 $1036/sqft, this property is priced in line with current High Park 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 26 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 $759/month fees should cover building insurance, common elements, and reserve contributions.
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 High Park-Swansea
I know High Park-Swansea 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: High Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,158 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.