$649,900 - 7 Mabelle Avenue Unit 2302, Etobicoke
Condo for Sale in Etobicoke
157 days on marketNeighbourhood: Islington-City Centre West
- MLS Number
- W12670362
- Property Type
- Condo
- Status
- active
- Days on Site
- 157
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
Welcome to this exceptional 2-bedroom, 2-bathroom corner suite at Islington Terrace, complete with parking and a locker. Situated on the 23rd floor, this thoughtfully designed residence is filled with natural light and showcases sweeping city views with glimpses of the water. The open-concept layout offers both comfort and functionality, ideal for everyday living and entertaining alike. Perfectly located at the highly sought-after intersection of Bloor Street West and Islington Avenue, this address delivers unbeatable convenience. Enjoy immediate access to the Islington subway station, nearby parks, top-rated schools, boutique shops, and an impressive selection of dining options-all just steps from your door. Residents enjoy exclusive access to the Terrace Club, offering a full suite of resort-style amenities including a state-of-the-art fitness centre, indoor pool and sauna, basketball court, BBQ terrace, billiards room, guest suites, party and meeting rooms, and 24-hour concierge service. Whether you are a first-time buyer or an investor seeking a premium location, this is a rare opportunity to own a beautifully appointed home in one of Etobicoke's most desirable communities. Extras: Parking and locker included. Unmatched transit access and lifestyle convenience in a vibrant, well-connected neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
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.
7 Mabelle Avenue Unit 2302, 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
Fair Market Value
At $928/sqft, this property is priced in line with current Etobicoke 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.
Negotiation Opportunity
At 157 days on site, this property has exceeded the typical selling timeline for Etobicoke. 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 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.
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.
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 $2,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.