$1,595,000 - 21 Grand Magazine Street Unit 2301, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Niagara
- MLS Number
- C13217774
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX ULTIMATE REALTY INC.
Have You Been Waiting For That Special Condo That Is Modern Yet Warm And Welcoming. This Spectacular 1440 Sq Ft. 2 Bed Plus Den( Easily Function As a Third Bedroom ,Guest Suite, or Office) ,2 Bath Sun Filled South Facing Condo Boasts Breathtaking Lake Views With Three Private Balconies. Condo Has Been Recently Thoughtfully Renovated With Quality Finishes Throughout. The Designed Open-Concept Layout Seamlessly Connects The Living, Dining, And Kitchen Spaces, Making It Ideal For Both Entertaining And Everyday Living. Quality Finishes Can Be Found Throughout, Including Premium Engineered Hardwood Flooring, Elegant Quartz Countertops, 9 ft Ceilings, Crown Moldings On Doors/Ceilings/Floors, Stainless Steel Appliance, And Tasteful Modern Details That Showcase True Pride Of Ownership. The Primary Bedroom Is a Serene Retreat, Featuring a Walk-in Closet And a Spa Inspired Ensuite Bathroom Upgraded and Finished with Premium Fixtures and Finishes. A Fully Updated Second Bathroom Continues The Theme of Refined Modern Elegance. Additional Conveniences Include a Separate Laundry Room With Extra Storage And a Full-Size Washer and Dryer. Included Are 1 Locker and 1 Parking Space. Fantastic Building Amenities 24h Concierge, Indoor Pool, Fitness Centre, Hot Tub, Sauna, Guest Suites, Roof Top Terrace. Just steps away from Rogers Centre, Scotiabank Arena, BMO Field Trendy Restaurants, Cafes, Shopping, TTC Streetcar, Union Station And Billy Bishop Toronto City Island Airport All Walking Distance. Whether You Love Relaxed Lakeside Strolls, Urban Conveniences, or Dynamic City Life, This Location Has It All.
Estimate your monthly payments for this property
Estimated Payment
$7,055.22/mo
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 Niagara
Niagara 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 Niagara
- •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
Niagara 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.
21 Grand Magazine Street Unit 2301, 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 $1139/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. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Niagara
I know Niagara 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 $6,646 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.