$738,000 - 51 Lady Bank Road Unit 602, Corso Italia
Condo for Sale in Corso Italia
New — Listed 6 days agoNeighbourhood: Stonegate-Queensway
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- MLS Number
- W13784484
- Property Type
- Condo
- Status
- active
- Days on Site
- 6
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Corso Italia / Dufferin Grove
- Locker
- Owned
- Exposure
- North West
- Balcony
- Terrace
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
A truly exceptional penthouse in a boutique building offering a rare combination of privacy, light, space and unobstructed views. With only two suites on the penthouse floor, the building provides an uncommon level of privacy and exclusivity. The penthouse features extensive north and west-facing views with beautiful sunsets, as well as north-facing views overlooking the surrounding neighbourhood. With no other condominium buildings directly overlooking the property, the views are remarkably open and private. The expansive balcony provides an exceptional outdoor living space, with BBQs permitted and a natural gas hookup, as well as the opportunity to create a private oasis with plants and greenery. Inside, the 10-foot ceilings and windows along almost every exterior wall create an exceptionally bright, calm and airy living environment. The thoughtful split-bedroom layout places each bedroom in its own wing, providing privacy and separation from the main living areas. An entertainer's dream, the open-concept living space features a gas stove, seamless flow to the balcony through patio doors, and a dedicated TV wall, creating the perfect setting for hosting intimate dinners or larger gatherings. This is a rare type of condominium that is increasingly difficult to find. The boutique scale, generous outdoor space, ceiling height, natural light, privacy and unobstructed views combine to create a truly one-of-a-kind penthouse that feels fresh, peaceful and private.
Estimate your monthly payments for this property
Estimated Payment
$3,786.32/mo
Includes CMHC insurance ($20,590)
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 Stonegate-Queensway
Stonegate-Queensway 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 Stonegate-Queensway
- •Convenient location in Corso Italia / Dufferin Grove
- •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
Stonegate-Queensway 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.
51 Lady Bank Road Unit 602, Corso Italia / Dufferin Grove
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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
Fair Market Value
At $820/sqft, this property is priced in line with current Corso Italia market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Corso Italia'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 Stonegate-Queensway
I know Stonegate-Queensway 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: Corso Italia properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,075 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.