$859,990 - 5 Lakeview Avenue Unit 611, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Trinity-Bellwoods
- MLS Number
- C13431722
- Property Type
- Condo
- Status
- active
- Days on Site
- 26
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- RE/MAX EXCEL TITAN
North-Facing Unit with Stunning CN Tower Views! Discover this brand-new, never-lived-in 3-bedroom, 2-bathroom residence in one of Toronto's most vibrant and sought-after communities, Trinity-Bellwoods. This thoughtfully designed unit features a spacious open-concept layout with bright living and dining areas that walk out to a huge private 185 sq ft terrace showcasing spectacular CN Tower and city views. The modern kitchen is fully equipped with built-in appliances, sleek finishes, and functional design, while the in-suite washer and dryer provide added convenience. The spacious primary bedroom features direct access to the terrace and a private 3-piece ensuite bathroom. Two additional bedrooms offer flexibility for family, guests, or a home office. Located just steps from Ossington Avenue, TTC transit, boutique shops, cafés, bars, and some of Toronto's best restaurants. Residents at The Twelve Hundred enjoy premium amenities including a fitness centre, coworking space, virtual concierge, bike storage, party room, and rooftop terrace with panoramic city views. Includes 1 parking space
Estimate your monthly payments for this property
Estimated Payment
$4,412.19/mo
Includes CMHC insurance ($23,994)
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 Trinity-Bellwoods
Trinity-Bellwoods 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 Trinity-Bellwoods
- •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
Trinity-Bellwoods 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.
5 Lakeview Avenue Unit 611, 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
Premium Pricing
At $1229/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 26 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.
Efficient Living
At 700 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.
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 Trinity-Bellwoods
I know Trinity-Bellwoods 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.