346 The West Mall N/A Unit 506, Toronto W08

Price: $449,900

2 bedrooms, 1 bathrooms

900 sqft

Property Type: Condo

MLS#: W12832556

Exceptional value in a well-managed, owner occupied building! This fully renovated, bright and spacious 2-bedroom suite offers 928 sq ft of thoughtfully designed living space and rarely low maintenance fees $622/month that include heat, water, building insurance, common elements, and property taxes, providing predictable monthly costs and outstanding long-term affordability. Optional indoor or outdoor parking is available starting at just $25/month, an added bonus at an unbeatable rate. The open-concept layout has been beautifully updated with modern, timeless finishes. The kitchen features full-sized stainless steel appliances, quartz countertops, and a centre island. Smooth ceilings and pot lights enhance the clean, contemporary feel. The large primary bedroom includes a walk-in closet, while the second bedroom offers a window and closet, deal for families, downsizers, or professionals. Ample storage throughout, including a separate laundry room. Ideally located close to major highways (427, QEW, Gardiner), Pearson Airport, TTC, schools, parks, and shopping including Sherway Gardens. Enjoy easy access to downtown Toronto while living in a quiet, established community. A rare opportunity for buyers seeking a move-in-ready home with exceptional value and stability.

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$449,900 - 346 The West Mall N/A Unit 506, Etobicoke

Condo for Sale in Etobicoke

126 days on market
2Beds
1Baths
900Sq Ft
Condo
Property Details
MLS Number
W12832556
Property Type
Condo
Status
active
Days on Site
126
Bedrooms
2
Bathrooms
1
Square Feet
900 sqft
Neighbourhood
Etobicoke (Islington / Rexdale)
Locker
None
Exposure
East
Balcony
Open
Listing Brokerage
RE/MAX ULTIMATE REALTY INC.
Description

Exceptional value in a well-managed, owner occupied building! This fully renovated, bright and spacious 2-bedroom suite offers 928 sq ft of thoughtfully designed living space and rarely low maintenance fees $622/month that include heat, water, building insurance, common elements, and property taxes, providing predictable monthly costs and outstanding long-term affordability. Optional indoor or outdoor parking is available starting at just $25/month, an added bonus at an unbeatable rate. The open-concept layout has been beautifully updated with modern, timeless finishes. The kitchen features full-sized stainless steel appliances, quartz countertops, and a centre island. Smooth ceilings and pot lights enhance the clean, contemporary feel. The large primary bedroom includes a walk-in closet, while the second bedroom offers a window and closet, deal for families, downsizers, or professionals. Ample storage throughout, including a separate laundry room. Ideally located close to major highways (427, QEW, Gardiner), Pearson Airport, TTC, schools, parks, and shopping including Sherway Gardens. Enjoy easy access to downtown Toronto while living in a quiet, established community. A rare opportunity for buyers seeking a move-in-ready home with exceptional value and stability.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,308.22/mo

Includes CMHC insurance ($12,552)

$
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5-yr fixed avg.

Principal: $404,910Interest: $275,004
Mortgage Amount$417,462
Total Interest$275,004
Est. Property Tax$319/mo
Total Cost$692,466

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: Etobicoke (Islington / Rexdale)

Discover Etobicoke (Islington / Rexdale)

Etobicoke (Islington / Rexdale) 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 Etobicoke (Islington / Rexdale)

  • Convenient location in Etobicoke (Islington / Rexdale)
  • 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

Etobicoke (Islington / Rexdale) 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

346 The West Mall N/A Unit 506, Etobicoke (Islington / Rexdale)

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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)
3.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$319
Insurance (est.)-$94
Net Cash Flow+$1,282

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 $500/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.

Negotiation Opportunity

At 126 days on site, this property has exceeded the typical selling timeline for Etobicoke. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    346 The West Mall N/A Unit 506 | $449,900 | Battaglia Team