1127-20 Minowan Miikan Lane, Toronto, ON

Little Portugal, Toronto · MLS® C13557626

$449,000
For Sale
Listed 4 days ago
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1Bedrooms
1Bathrooms
1Garage
500-599Sq Ft

About this home

The Carnaby is where you wanna be! Welcome to 20 Minowan Miikan Lane Suite 1127 at the gorgeous condos at The Carnaby in one of the city's trendiest and most convenient neighbourhoods - West Queen West. Located on the top level of the building with no neighbours above you! Suite 1127 is a well-designed and tastefully decorated one bedroom condo featuring panoramic breathtaking views of our beautiful Toronto city skyline and features soaring 10ft exposed concrete ceilings! You won't find value like this in today's condo market, and with a parking spot, too. The unit features a sleek, modern kitchen with black lacquered cabinets and quartz countertops, plus quality, soft-hued engineered plank hardwood floors throughout. A built-in entertainment system and storage round off this perfect open-concept living area. The large, sun-filled bedroom features double closets and massive picture windows, framing our beautiful skyline. Imagine waking up to this view every day! 20 Minowan Miikan Lane is located in the heart of West Queen West with convenient grocery access - there's a Metro right downstairs and a FreshCo across the street. You're just steps to the Gladstone Hotel and The Drake Hotel, and all the best shops, restaurants, and nightlife in the city are at your doorstep. Need to head downtown? The 501 Queen TTC streetcar is right outside. Welcome home!

Key facts

Property type
Condo Apartment, 1 Storey/Apt
MLS®
C13557626
Bedrooms
1
Bathrooms
1
Size
500-599
Cross streets
Queen St West and Gladstone Ave
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete, Brick
Maintenance
$430/mo
Exposure
East
Property tax
$2,348 / 2026
Days on market
4
Listing brokerage
REMAX CONNECT REALTY

Rooms

Dining RoomFlat5.17 × 3.04 m

combined w/kitchen · walk-out · hardwood floor

KitchenFlat5.17 × 3.04 m

combined w/dining · b/i appliances · hardwood floor

BedroomFlat3.01 × 2.85 m

double closet · walk-out · hardwood floor

Living RoomFlat5.17 × 3.04 m

combined w/dining · walk-out · hardwood floor

Moe’s TakeTeam Asgarian · Broker
Below the wider set
$495Kest. value

Listed at $449,000, this home is tracking about 9% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal. The number above is my independent estimate of value, not the asking price.

There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.

Based on 35 similar homes nearby, adjusted for size, beds, and baths.Median of 35 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $530K, a close match.

How I got there

Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.

  • Closest comparable, listed at $399K
  • Adjusts to $399K

That comparable adjusts to $399K; the $495K estimate above is the median of all 35 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.

Its public catchment (Alexander Muir/Gladstone Ave Junior and Senior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

On location, this is a very walkable address with everyday errands close by. Queen St West at Dufferin St is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$449KGreat deal$589KOverpriced

Total price vs nearby homes. Fair value about $495K, median of 35 comparables.

What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.

  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
  • Open-concept layout: modern, sought-after flow.
  • Hardwood floors: quality hardwood is durable and broadly desirable.
  • Worth verifying
  • Lifestyle
Comparable listingsCurrently listed nearby in Little Portugal · asking prices
$514kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

602-8 Gladstone Avenue$399k411-200 Sudbury Street$460k308-2 Gladstone Avenue$549k921-20 Minowan Miikan Lane$575k414-8 Dovercourt Road$589k

The 5 closest of 8 active listings nearby.

See all comparable homes
449kThis home399k460k549k575k589kThis home vs active comparables
Live market pulseActive comparables in Little Portugal · median list $550K
$817this home / sqft
37active listings nearby
4days on market

This home lists 22% below the area average of $1,050/sqft.

On the market now.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Little Portugal, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

86/ 100

Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.

Most daily errands can be done on foot.

🚉 Nearest transit: Queen St West at Dufferin St, about 127 m away

20+ transit stops16 grocery20+ dining20+ parks20+ pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Waterfront Communities C1
$694K
Church-Yonge Corridor
$574K
Annex
$1.39M
Waterfront Communities C8
$998K
Mimico
$800K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).

School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.

Street view near Alexander Muir/Gladstone Ave Junior and Senior Public School
73%
Alexander Muir/Gladstone Ave Junior and Senior Public SchoolPublic · Elementary · 0.3 km awayAround the GTA average · 73% meet the provincial standard

Affordability & Mortgage

Affordability
$2,046/mo
$96KIncome needed
4.7×Price ÷ income
$472Weekly cost
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

77%mortgage
Mortgage $2,046Property tax $196Condo fee $430Total carry $2,672

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$1,917per month

Mortgage amount $359,200 · 4.14% over 25 years

$89,800Down payment (20.0%)
$359,200Loan before insurance
$0CMHC premium
$2,542Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,917
Property tax
$196
Condo / maintenance fees
$430
Heating
$0
Estimated monthly cost
$2,542

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$5,455
Toronto municipal land transfer tax
$5,455
Estimated closing costs
$10,910

Plus your down payment of $89,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$2,328/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$215,847Total interest paid
$575,047Total of all payments
Principal $359,200 Interest $215,847
YearPrincipalInterestBalance
1$8,415$14,587$350,785
2$8,767$14,235$342,018
3$9,133$13,868$332,885
4$9,516$13,486$323,369
5$9,914$13,088$313,456
6$10,328$12,674$303,128
7$10,760$12,242$292,367
8$11,210$11,792$281,157
9$11,679$11,323$269,478
10$12,168$10,834$257,310
11$12,677$10,325$244,633
12$13,207$9,795$231,426
13$13,759$9,242$217,667
14$14,335$8,667$203,332
15$14,935$8,067$188,397
16$15,559$7,443$172,838
17$16,210$6,792$156,628
18$16,888$6,114$139,740
19$17,594$5,407$122,146
20$18,330$4,671$103,815
21$19,097$3,905$84,718
22$19,896$3,106$64,822
23$20,728$2,274$44,094
24$21,595$1,407$22,499
25$22,499$503$0

At the end of your 5-year term

Total paid over the term
$115,009
Principal paid down
$45,744
Interest paid
$69,265
Balance remaining
$313,456

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
Estimate$1,700/mo
$20,400Gross annual rent
2.2%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

4.5%
Gross yield
− Property tax $2,348− Condo fees $5,155− Insurance $600− Vacancy & upkeep $2,244Net operating income $10,053

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of REMAX CONNECT REALTY. MLS®/PropTx.

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