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New2 hours ago

308 - 2 Gladstone Avenue

Little Portugal, Toronto

$549,000

Condo Apartment |
1 | 1 | 0 | 0
About this home

A rare urban retreat with unmatched private outdoor living. This 1-bedroom, 550 sq.ft. unit has been refreshed with new floors and paint throughout and is move in ready. It has an exceptional 400 sq.ft. private rooftop terrace with unobstructed eastern views over the historic Gladstone Hotel to the downtown Toronto skyline and the CN Tower. Rooftop dining and entertaining are made easy with a gas line for a barbecue and an indoor prep kitchen and bathroom just beside. This 3rd-floor unit offers lots of natural light with floor-to-ceiling windows, providing privacy and an unimpeded southern views overlooking lush trees. It has soaring 10-ft exposed concrete ceilings, a modern kitchen with built-in appliances and open-concept living. This Boutique building is pet-friendly, community-focused, and has a low turnover. It is perfectly located in the heart of West Queen West, voted the coolest neighbourhood in the world and one of the coolest streets in North America - steps to the Drake Hotel, top-rated restaurants, shops, galleries, cafes, and TTC transit. Perfect for those who enjoy being within walking distance of everything you can need, with a Metro grocery store at the base of the building, a Freshco across the street, Rexall and Shoppers Drug Mart just a 5 minute walk away, and a quick 5-minute drive to the Gardiner Highway and Lakeshore Boulevard. A one-of-a-kind terrace lifestyle in one of Toronto's most creative and connected neighbourhoods.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$641
LockerNone
BalconyTerrace
ExposureSouth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,639
mls© NumberC13690324
Listed ByRoyal LePage Our Neighbourhood Realty
Heat Included
Water Included
Building Insurance Included
CAC Included
Common Elements Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,810
Property tax
$220
Heat allowance
$150
Condo fees, half counted
$321
Housing costs
$3,500 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $109,800
25-yr amortization

Income needed

$108,000

gross annual household income

Payment at 4%
$2,310 / mo
Cash down
$109,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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