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New3 hours ago

403 - 53 Colgate Avenue

South Riverdale, Toronto

$479,900

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

A Rare Find! Penthouse at Abode Lofts, a boutique building of only 15 units, offering privacy and quiet in the heart of Leslieville, one of Toronto's most vibrant and evolving east-end neighbourhoods. On a tree-lined street set amongst single-family homes, this one-bedroom suite sits on the top floor of a four-storey building and features soaring 10-foot ceilings and a bright, open-concept layout. The efficient floor plan makes the most of every square foot, with room for a home workspace. The kitchen includes four stainless steel appliances, granite countertops, and ample cabinet space. Step out onto the approximately 100 sq ft terrace, overlooking the neighbourhood park. BBQs are allowed, making it great for entertaining and relaxing. Step across the street to enjoy the park benches, picnic table, and small play area for the little ones. Everyday essentials are just minutes away on foot, along with a variety of highly rated shops, cafés, restaurants, and theatres. Staying active is convenient, with multiple fitness studios and Jimmie Simpson Park and Recreation Centre at the end of the block. There's no need for a car, as several TTC stops and the future Ontario Line station are within a 5-minute walk, and a Bike Share Toronto station is right outside the front door. This rarely offered unit is a great fit for first-time buyers, downsizers, and investors, and a perfect pied-à-terre for anyone wanting a low-maintenance home base in a prime location. A city location with a neighbourhood feel, the best of both worlds. This is boutique living at its best!

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleLoft
Approx. Age11-15
Size500-599 sq. ft.
Maintenance Fees$692
LockerNone
BalconyTerrace
ExposureNorth
Parking TypeAttached
Parking Spaces0
Parking FeaturesSurface, Covered, Reserved/Assigned
Property Tax$2,549
mls© NumberE14004332
Listed ByKELLER WILLIAMS ADVANTAGE REALTY
Common Elements Included
Water Included
Building Insurance 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%
$2,456
Property tax
$212
Heat allowance
$150
Condo fees, half counted
$346
Housing costs
$3,165 / mo

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

Down payment20% · $95,980
25-yr amortization

Income needed

$97,000

gross annual household income

Payment at 4%
$2,019 / mo
Cash down
$95,980

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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