88 Colgate Avenue, Toronto, ON

$998,000
MLS#:E11883890
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This listing is no longer active (Sold)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 concrete construction, this residence presents an exceptional opportunity offered at $998,000 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: Wheelchair Access
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Inviting you to Suite 623 at the exceptional Showcase Lofts in prime Leslieville. A staple of this thriving community, Showcase Lofts has timeless curb appeal and is arguably one of the best investments in the neighbourhood. Walking into the building you will be greeted by your 24Hr concierge, mail & parcel room, bright fully equipped gym, and party room that opens to a private courtyard with a BBQ area perfect for private gatherings. Arrive on the 6th floor into this sunny south facing 2 bedroom suite. The first thing that will catch your eye is the classic exposed red brick feature wall, signature of the Showcase Lofts. This gives the suite a charming authentic loft feeling while being in a newer building. Enjoy cooking or entertaining in the highly functional U-shape kitchen with full size gas range, large stone countertop island with seating, and built in wine storage. Step out to the oversized south facing covered balcony with room for outdoor dining, sun lounges, and to fill with plants who will love the sun. Enjoy treetop views of Leslieville and to the west the CN Tower & cityscape which is stunning at night. Enjoy another walk out from your second bedroom which currently functions as a home office den. This special space has a custom built in bar perfect for cozying up with a cocktail or heading out to the balcony in the summer. Across from the second bedroom you will find a full bath beside your brand new washer & dryer utility closet. The oversized primary bedroom easily accommodates a king size bed along with another potential seating area. Heading through to your ensuite bath you will enjoy custom mirrored double closets. For extra storage use your conveniently located suite level locker. Two owned bike racks and underground parking included. Enjoy the ultimate Leslieville lifestyle in Showcase Lofts Suite 623.

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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 DateDecember 17, 2024
Sold price information is available to members only
Listed Date12/5/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone
CountyToronto
Annual Tax$3,810

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Public Transit, Rec./Commun.Centre, Electric Car Charger, Park, School, Library

Interior Features

Wheelchair Access

Security Features

Alarm System, Carbon Monoxide Detectors, Concierge/Security, Smoke Detector

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 623, 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.

Market Trend
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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$74,800 (7.5%)
* Minimum Canadian down payment required for this price is $74,800.
Amortization Period25 Years
Estimated Monthly Payment$5,502Based on a loan of $923,200 over 25 years.
Purchase Price$998,000
Loan Amount$923,200
Provincial Land Transfer Tax:$16,435
Toronto Municipal Land Transfer Tax:$16,435
Total Estimated Closing Taxes:$32,870

About Purchasing a Home in Toronto, ON

For a property listed at $998,000 in Toronto, the legal minimum down payment is $74,800 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 $16,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,435 also applies, bringing the total estimated land transfer taxes to $32,870.

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$1,070,171

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.