2964 Islington Avenue Unit 2, Toronto W05

Price: $580,000

2 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: W13508768

This Fabulous 2 Bedrs 2 Bthrs Townhouse Presents An Incredible Opportunity To Secure A Property In A Prime Location, At A Price Point That's Becoming Increasingly Rare! Clean, Well Maintained , Functional , Spacious And Bright , It Features Beautiful Open Concept Kitchen With Stainless Steel Appliances And Breakfast Bar. The L Shaped Living And Dining Area Provides An Open Atmosphere Perfect For Entertaining Or Relaxing At The End Of Day. Gleaming Hardwood Floors And Pot lights Throughout. Facing West Provides More Privacy And Clear View! Rare 2 Parking Spots!!! Close To All Amenities And Hwy 401.This Property Delivers An Outstanding Potential At An Unbeatable Value.

2964 Islington Avenue Unit 2 - Condo photo 1 of 28 in Downsview / Black Creek, Ontario
2964 Islington Avenue Unit 2 - Condo photo 2 of 28 in Downsview / Black Creek, Ontario
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New Listing
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$580,000 - 2964 Islington Avenue Unit 2, Downsview

Condo for Sale in Downsview

New — Listed 6 days ago

Neighbourhood: Humber Summit

2Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
W13508768
Property Type
Condo
Status
active
Days on Site
6
Bedrooms
2
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Downsview / Black Creek
Locker
None
Exposure
West
Balcony
Juliette
Listing Brokerage
RE/MAX IMPERIAL REALTY INC.
Description

This Fabulous 2 Bedrs 2 Bthrs Townhouse Presents An Incredible Opportunity To Secure A Property In A Prime Location, At A Price Point That's Becoming Increasingly Rare! Clean, Well Maintained , Functional , Spacious And Bright , It Features Beautiful Open Concept Kitchen With Stainless Steel Appliances And Breakfast Bar. The L Shaped Living And Dining Area Provides An Open Atmosphere Perfect For Entertaining Or Relaxing At The End Of Day. Gleaming Hardwood Floors And Pot lights Throughout. Facing West Provides More Privacy And Clear View! Rare 2 Parking Spots!!! Close To All Amenities And Hwy 401.This Property Delivers An Outstanding Potential At An Unbeatable Value.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,975.70/mo

Includes CMHC insurance ($16,182)

$
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5-yr fixed avg.

Principal: $522,000Interest: $354,528
Mortgage Amount$538,182
Total Interest$354,528
Est. Property Tax$411/mo
Total Cost$892,710

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.

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Neighbourhood Guide: Humber Summit

Discover Humber Summit

Humber Summit 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 Humber Summit

  • Convenient location in Downsview / Black Creek
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Humber Summit 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.

70
Walk Score
Varies
Price Range

2964 Islington Avenue Unit 2, Downsview / Black Creek

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$411
Insurance (est.)-$121
Net Cash Flow+$1,163

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $644/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Downsview'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. We'll want to verify the monthly fees and what they include.

Efficient Living

At 900 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 Humber Summit

I know Humber Summit 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: Downsview properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,417 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    2964 Islington Avenue Unit 2 | $580,000 | Battaglia Team