601-1320 Islington Avenue, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13555844
About this home
A Down-Sizer's Dream - The One You've Been Waiting For! Beautifully renovated and never lived in since completion, this bright and spacious north-west facing suite is perfectly nestled in the treetops, overlooking the lush gardens of Barclay Terrace. Offering the ideal blend of luxury, comfort, and functionality, this turn-key residence has been thoughtfully redesigned with exceptional attention to detail. Extensively renovated throughout, the suite showcases brand new high-end engineered oak hardwood flooring, smooth ceilings, pot lights, and custom built-in closets designed to maximize organization and storage. The stunning custom-built kitchen features quartz countertops, premium stainless steel appliances, a seamless panel-ready dishwasher, and modern finishes that create a sleek, timeless aesthetic. Both bathrooms have been beautifully redesigned with high-end finishes, while the luxurious ensuite retreat boasts elegant marble tile, a custom oversized vanity, and a spacious walk-in glass shower. Situated in a well-managed building currently undergoing major capital improvements, including a beautifully renovated lobby and complete window replacement throughout all units, this exceptional home offers outstanding long-term value in addition to its impeccable finishes. A rare opportunity to own a truly move-in ready home in one of the area's most desirable communities. Don't miss it!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13555844
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- Dundas St West & Islington Ave
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,315/mo
- Exposure
- North West
- Property tax
- $3,936 / 2025
- Days on market
- 9
- Listing brokerage
- SUTTON GROUP REALTY SYSTEMS INC.
Rooms
hardwood floor · 3 pc ensuite · b/i closet
hardwood floor · large window · open concept
hardwood floor · b/i closet · large window
hardwood floor · w/o to balcony
hardwood floor · open concept · renovated
hardwood floor · open concept
Listed at $898,000, this home is about 22% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($691/sqft) is in line with the area, so you are paying for extra space rather than a premium.
In Islington-City Centre West lately, sellers have been getting about 96% of asking and homes sell in about 31 days.
Based on 51 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 51 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $826K, a bit higher.
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, sold for $600K
- Bedrooms +$18K
- Adjusts to $618K
That comparable adjusts to $618K; the $734K estimate above is the median of all 51 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Its public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $734K, median of 51 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 4% above the area average of $667/sqft.
8 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Islington-City Centre West, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
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.
Affordability & Mortgage
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.
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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.
Mortgage amount $718,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,834
- Property tax
- $328
- Condo / maintenance fees
- $1,315
- Heating
- $0
- Estimated monthly cost
- $5,477
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,435
- Toronto municipal land transfer tax
- $14,435
- Estimated closing costs
- $28,870
Plus your down payment of $179,600. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
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
At the end of your 5-year term
- Total paid over the term
- $230,019
- Principal paid down
- $91,488
- Interest paid
- $138,531
- Balance remaining
- $626,912
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.
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUTTON GROUP REALTY SYSTEMS INC.. MLS®/PropTx.