$589,900 - 49 Silverstone Drive Unit 1007, Etobicoke
Condo for Sale in Etobicoke
32 days on marketNeighbourhood: Mount Olive-Silverstone-Jamestown
- MLS Number
- W13598900
- Property Type
- Condo
- Status
- active
- Days on Site
- 32
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Etobicoke (West Mall / Rexdale)
- Locker
- Common
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
Spacious & Bright large 3 Bedroom corner unit with two balconies, A huge foyer & 2 coat closets, walk into the living room with a view of the north east side. Step out to the balcony for the nice evening sun, Spacious kitchen with renovated cabinets, connected to a breakfast area that can also be used as a dining area, Huge principal bedroom with walk out to a east view balcony & large closet with 2 Pc ensuite, spacious second & third bedrooms, ****Ensuite Laundry****Underground owned parking with exclusive use of locker. ***MUST SEE*******Opposite of school, all level schools walking distance, walking distance to Albion mall, New LRT connected to subway and Humber university, York University. Close to 401,407,427 Major hwys.
Estimate your monthly payments for this property
Estimated Payment
$3,026.49/mo
Includes CMHC insurance ($16,458)
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 Mount Olive-Silverstone-Jamestown
Mount Olive-Silverstone-Jamestown 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 Mount Olive-Silverstone-Jamestown
- •Convenient location in Etobicoke (West Mall / Rexdale)
- •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
Mount Olive-Silverstone-Jamestown 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.
49 Silverstone Drive Unit 1007, Etobicoke (West Mall / Rexdale)
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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 $492/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.
Market Position
At 32 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 Mount Olive-Silverstone-Jamestown
I know Mount Olive-Silverstone-Jamestown 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: Etobicoke properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,458 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.