$730,000 - 20 Minowan Miikan Lane Unit 1602, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Little Portugal
- MLS Number
- C13449702
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Experience elevated urban living at Carnaby Lofts in this stunning 2-bedroom, 1-bathroom loft-style residence offering breathtaking panoramic views of the downtown Toronto skyline. Designed with modern industrial flair, this bright and airy suite features exposed concrete ceilings, floor-to-ceiling windows that flood the space with natural light, and an open-concept layout that seamlessly connects the living, dining, and eat-in kitchen areas. The contemporary kitchen is equipped with built-in appliances and overlooks the principal living space, creating the perfect setting for both everyday living and entertaining. Freshly painted and enhanced with new laminate flooring throughout, this move-in-ready unit offers a stylish interior with generous bedrooms, double closets, and walkout access to a private balcony where you can enjoy spectacular city views. Residents enjoy an exceptional collection of amenities including a rooftop patio with shared BBQs, games room, party and meeting spaces, fully equipped fitness centre, yoga studio, guest suites, concierge service, and underground parking. Perfectly located in the heart of Toronto's vibrant Queen Street West, you're steps away from top restaurants, boutiques, music venues, art galleries, and murals. With easy access to public transit, including the 501 Queen St streetcar, 29 Dufferin bus at your doorstep and just a 10-minute drive to the Gardiner Expressway and Exhibition GO station, this home offers unbeatable convenience and lifestyle. Catch up with friends at The Drake Hotel, buy your groceries at Metro or FreshCo - all within a 5 minute walk!
Estimate your monthly payments for this property
Estimated Payment
$3,745.28/mo
Includes CMHC insurance ($20,367)
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.
20 Minowan Miikan Lane Unit 1602, 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 $1043/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 21 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 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 $3,042 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.