$549,000 - 28 Olive Avenue Unit LPH01, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C12747468
- Property Type
- Condo
- Status
- active
- Days on Market
- 1
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- City
- Downtown Toronto
Dont miss your chance to own this bright and spacious Lower Penthouse 655 sq ft one-bedroom plus den unit at the desirable Princess Place II condos, perfectly situated in one of North Yorks most connected communities. Impeccably cared for, this suite offers a bright open-concept layout ideal for gatherings. Step into the main bedroom, featuring a spacious double closet with built-in organizers and a floor-to-ceiling window that fills the room with natural light. The full-sized den adds incredible flexibility - ideal as a home office, guest room, or extra living space equipped with a French door for privacy, and a closet with closet organizers for added storage. The kitchen is designed with both style and function in mind, complete with stainless steel appliances, a breakfast bar and ample storage. For added convenience, enjoy the in-suite front-load full-size washer and dryer. Step out onto your private balcony with stylish wooden patio slabs, close the Phantom screen door behind you, and savour a morning coffee or unwind after a long day. Forget multiple monthly bills! Maintenance fees include ALL utilities (Heat, Hydro, and Water), leaving you with more time to enjoy everything this building and neighbourhood have to offer. This suite comes complete with 1 underground parking spot, 1 oversized locker, and access to fantastic amenities including a gym, party room, games room, and visitor parking. The location is second to none - just steps to Finch subway and YRT transit, cafes, restaurants, shops, and parks. Whether youre a first-time buyer, savvy investor, or someone looking to simplify life with comfort and convenience, this fabulously maintained suite checks all the boxes. A must-see opportunity that truly stands out in the market!
Discover Toronto C14
Toronto C14 is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Toronto C14
- •Convenient location in Toronto C14
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Toronto C14 offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
28 Olive Avenue Unit LPH01, Toronto C14
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 25+ years of GTA real estate experience
Fair Market Value
At $915/sqft, this property is priced in line with current Toronto C14 market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Toronto C14's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Toronto C14 properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,288 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.