$469,800 - 557 The East Mall N/A Unit 502, Etobicoke
Condo for Sale in Etobicoke
Popular ListingNeighbourhood: Islington-City Centre West
- MLS Number
- W13675166
- Property Type
- Condo
- Status
- active
- Days on Site
- 10
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 900 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Ensuite
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- GOWEST REALTY LTD.
One of the Lowest-Cost Properties to Own in Toronto! The total monthly cost of maintaining this large, completely renovated 2-bedroom co-op apartment is only $628, including all utilities and property taxes. This is arguably one of the lowest monthly ownership costs you will find in Toronto. This spacious and beautifully renovated co-op apartment offers an excellent combination of size, comfort and value. It features two large bedrooms, a beautiful updated kitchen, spacious living and dining areas, and a large balcony perfect for relaxing or entertaining. One covered carport parking space is included. The location is excellent, with easy access to Highway 427, major roads, public transit, shopping, restaurants, parks and everyday amenities. Everything you need is close by, while the surrounding area offers plenty of green space and a convenient Etobicoke lifestyle .This is a rare opportunity to own a large, fully renovated 2-bedroom co-op apartment with parking and a large balcony, while keeping monthly carrying costs exceptionally low. Only $628/month including all utilities and property taxes - an exceptional value in Toronto!
Estimate your monthly payments for this property
Estimated Payment
$2,410.32/mo
Includes CMHC insurance ($13,107)
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 Islington-City Centre West
Islington-City Centre West 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 Islington-City Centre West
- •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
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
Islington-City Centre West 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.
557 The East Mall N/A Unit 502, Etobicoke (Islington / 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 $522/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.
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 Islington-City Centre West
I know Islington-City Centre West 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.
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.