$389,900

For sale

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#310 10 Gibbs Road, Toronto (Islington-City Centre West) - Single Family for Sale

#310 10 Gibbs Road, Toronto (Islington-City Centre West), Ontario, M9B0E2

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Investment analysis

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$389,900

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $389,900, it is attractively priced about 25% below the $519,000 median asking price in Toronto. It has been on the market 18 days, fresher than the Toronto average of 57 days.

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Description

Modern Living Meets Unbeatable Convenience! Welcome to 10 Gibbs Road, where style, comfort, and connectivity come together in the heart of Etobicoke. This beautifully appointed 1-bedroom, 1-bathroom suite offers a thoughtfully designed layout, contemporary finishes, and sleek built-in appliances that create a seamless blend of form and function. Complete with the added convenience of one parking space, this residence is perfectly suited for first-time buyers, professionals, and investors alike.Enjoy an exceptional location just minutes from Kipling Subway Station and GO Transit, offering effortless access to downtown Toronto and beyond. With Highways 427, 401, and the Gardiner Expressway nearby, commuting throughout the GTA couldn't be easier. Surrounded by shopping, restaurants, parks, and everyday essentials, everything you need is within easy reach. An exceptional opportunity to experience modern condo living in one of Etobicoke's most connected communities! (Photos Virtually Staged) (id:66096)

Property Details

MLS®: W14090852
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $455/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $1,930/yr
Listed: 18 days ago

Market Timing

Days on market

18d

Toronto (Islington-City Centre West) listings, avg age

57d

Price / ft²

$710

List price

$390K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (M9B)

This home lists at $389,900, about 3.6× the local median household income of $108,000.

Carrying it typically needs a household income of about $76,161 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $108,000
Population: 33,236
Median age: 42
Owner / renter: 74% / 26%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M9B)

$389,900· $710/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,495

Min 5%50%

Mortgage payment$2,054/mo

↳ CMHC premium ($14,816 capitalized)

Property tax (est.)$161/mo

Condo fee$455/mo

Total monthly$2,670

Cash Needed to Close

Down payment (5%)$19,495

Land transfer tax$8,647

Est. closing costs$3,670

Total cash needed$31,812

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#310 10 Gibbs Road, Toronto (Islington-City Centre West) - Single Family for Sale

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Description

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Neighbourhood profile (M9B)

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