$624,900 - 38 Dan Leckie Way Unit 728, Downtown Toronto
Condo for Sale in Downtown Toronto
73 days on market- MLS Number
- C13037632
- Property Type
- Condo
- Status
- active
- Days on Site
- 73
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Set along Toronto's dynamic waterfront, this west-facing 2-Bed, 1-bath condo offers exceptional value. At $702 per square foot, it delivers nearly 900 sq ft of intelligently designed living space making it the largest footprint available among comparable 2-Bed units at this price point. Add in some of the most competitive maintenance fees in the downtown core, and this is a rare opportunity to get more for less in one of the city's most connected communities. Renovated in 2020, the kitchen anchors the home with a generous quartz island, full-size stainless steel appliances, and a large custom pantry for rare, functional storage. Clean finishes and thoughtful built-ins create a space that feels modern without sacrificing practicality. A proper foyer with an oversized closet creates a sense of arrival before opening into the kitchen, which flows into the open-concept living and dining area. Floor-to-ceiling windows keep the entire space feeling bright and airy. The primary bedroom is calm and efficient, with direct access to a smartly configured 4-piece bath. Double sinks keep mornings easy, and an inner privacy door allows the space to function as a powder room when entertaining. The second bedroom comes complete with a large wardrobe and is ideal for guests, a nursery, or a home office. At 38 Dan Leckie Way, cafés, restaurants, and daily essentials including a nearby grocery store are steps from your door. The lake and green space are under a five-minute walk, and the Rogers Centre is roughly 15 minutes on foot. The Queens Quay streetcar provides quick access across downtown, and the Gardiner is minutes away by car. One underground parking space is included. The amenities include 24-hour concierge service, an exercise room, party and meeting spaces, guest suites, visitor parking, bike storage, a sauna and hot tub, plus a rooftop deck and garden with an outdoor BBQ area
Estimate your monthly payments for this property
Estimated Payment
$3,206.06/mo
Includes CMHC insurance ($17,435)
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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
38 Dan Leckie Way Unit 728, 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
Competitive Pricing
At $781/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 73 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. 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 800 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.
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 $2,604 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.