$479,900
Toronto
#403 53 Colgate Avenue, Toronto (South Riverdale), Ontario, M4M1N6
This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $479,900, it is attractively priced about 26% below the $649,999 median asking price in Toronto. It has been on the market 24 days, fresher than the Toronto average of 49 days.
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! (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 24 days on market, against an average age of 49 days across the listings currently for sale in this city
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.
This 1-bed single family in Toronto (South Riverdale) has been listed for 24 days, which is 25 days fresher than the city average of 49. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $479,900, about 4.8× the local median household income of $99,000.
Carrying it typically needs a household income of about $93,741 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA M4M)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice




Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.