$699,900 - 20 Minowan Miikan Lane Unit 628, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed 2 days agoNeighbourhood: Little Portugal
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- MLS Number
- C13860398
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2025)
- $2,850
- Maintenance Fees
- $568/mo
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- COLDWELL BANKER ESCARPMENT REALTY
Welcome to Minowan Miikan Lane! This highly desirable 2-bedroom suite features 9' exposed concrete ceilings, a thoughtfully designed floorplan with excellent separation between living and sleeping spaces and a spacious open-concept living area framed by floor-to-ceiling windows. The welcoming foyer offers a generous closet and convenient stacked, in-suite laundry. The modern kitchen features integrated European appliances, stone countertops and backsplash, undermount sink, under-cabinet lighting and a dishwasher. The primary bedroom offers direct balcony access, large closet and a private 3-piece ensuite with a walk-in shower. The second bedroom features wall-to-wall closets, ideal for guests or a home office. Enjoy partial city views and step onto the impressive full 20-foot-wide balcony, with ample room for outdoor lounging and dining. A standout bonus is one generously sized parking space, larger than most typical condo spots and comfortably accommodating larger vehicles. Building amenities include a fully equipped gym, yoga room, outdoor terrace with BBQs, stylish party room and 24-hour concierge. With Metro and Starbucks conveniently located in the building, everyday essentials are just steps away. Perfectly situated in the heart of Queen West and Little Portugal, enjoy some of Toronto's best restaurants, cafés, independent shops, and green spaces. Excellent TTC access and convenient connections to downtown and major routes make this an ideal opportunity to own in one of Toronto's most vibrant west-end neighbourhoods. Pay only hydro for utilities!
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
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 628, Downtown Toronto / Waterfront
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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 $1000/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $568/month fees should cover building insurance, common elements, and reserve contributions.
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 $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.