88 Colgate Avenue, Toronto, ON

$985,000
MLS#:E11896056
2 beds
2 baths
800-899 sqft
1.0 parking
Residential Condo & Other
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of South Riverdale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $985,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 800-899 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free, Guest Accommodations, Storage Area Lockers
  • equipped with central air central cooling and highly efficient heat pump heating via gas

Description

This luscious Leslieville loft will make you swoon. Upon entering, the red brick feature wall commands attention, and the nifty fireplace smartly divides the main living space into a distinct dining area plus optional office nook. Whether you showcase a piece of statement art or a TV above the mantel, this centerpiece warms the room & sets a modern aesthetic tone that pays homage to the hood's industrial roots. The kitchen is where your inner chef meets inner host; black high-gloss cabinets, new stainless steel appliances (incl. a gas range), & white quartz counters make it a sleek culinary masterpiece. The main living area is as versatile as it is spacious, easily accommodating a large sectional, dining table, plus a work-from-home setup. New flooring & fresh paint create a clean, cohesive vibe. Stepping outside to the stone-tiled balcony, southwest views are framed by a backdrop of the skyline and CN Tower. Large enough to wine/dine friends or simply unwind solo, its a pleasing outdoor space that feels like an extension of the loft itself. Retreating to the primary bedroom, luxury takes center stage, with his-and-hers walk-through closets, a 4-piece ensuite with a soaker, + space for a king bed and another WFH station. The 2nd bedroom, also impressive, fits a queen and offers direct access to the balcony. This boutique building is a standout, boasting just 7 floors and a sense of exclusivity. Enjoy ample guest parking, private courtyard with BBQs, well-equipped gym, & a superb 24/7 concierge team. Location? Near perfection. With a Walk Score of 98, Transit Score of 89, and Bike Score of 96, you're at the centre of it all. Two upcoming Ontario Line stops, the Carlaw 72 bus to Pape Station, the 24-hour Queen streetcar, & quick access to the DVP and Gardiner make getting around effortless. A bike share station and John Chang Park are outside your door, while Morse Street PS is just two blocks away. This loft is not just a place to live - it is where you'll thrive.

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Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
800-899 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJanuary 13, 2025
Sold price information is available to members only
Listed Date12/18/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyToronto
Annual Tax$3,819.64

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeHeat Pump
CoolingCentral Air

Features

Property Features

Park, Public Transit, Rec./Commun.Centre, School

Interior Features

Carpet Free, Guest Accommodations, Storage Area Lockers, Water Purifier

Security Features

Concierge/Security, Monitored

Community Features

Location

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88 Colgate Avenue, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 88 Colgate Avenue 420, Toronto E01, ON M4M 0A6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$73,500 (7.5%)
* Minimum Canadian down payment required for this price is $73,500.
Amortization Period25 Years
Estimated Monthly Payment$5,432Based on a loan of $911,500 over 25 years.
Purchase Price$985,000
Loan Amount$911,500
Provincial Land Transfer Tax:$16,175
Toronto Municipal Land Transfer Tax:$16,175
Total Estimated Closing Taxes:$32,350

About Purchasing a Home in Toronto, ON

For a property listed at $985,000 in Toronto, the legal minimum down payment is $73,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $16,175 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,175 also applies, bringing the total estimated land transfer taxes to $32,350.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for South Riverdale, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,070,491

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Withrow Avenue
Public25 Bain Avenue, Toronto, Ontario, M4K 1E5
7.8
Morse Street
Public180 Carlaw Avenue, Toronto, Ontario, M4M 2R9
6.9
Nelson Mandela Park
Public440 Shuter Street, Toronto, Ontario, M5A 1X6
1.6
Sprucecourt
Public70 Spruce Street, Toronto, Ontario, M5A 2J1
4.6
Blake Street
Public21 Boultbee Avenue, Toronto, Ontario, M4J 1A7
5.8

Secondary Schools

Riverdale
Public1094 Gerrard Street East, Toronto, Ontario, M4M 2A1
8.7
Rosedale Heights-Arts
Public711 Bloor Street East, Toronto, Ontario, M4W 1J4
8.0

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.