$599,000
For sale: Apartment

Sold under POWER OF SALE. "Sold" as is - where is. Welcome to sought-after Rainbow Village II! This spacious and well-maintained 3+1 bedroom corner suite offers approximately 1,356 sq. ft. of bright, functional living space with unobstructed northwest views. Conveniently located just steps to Kennedy Station with TTC, GO Transit, and upcoming LRT access, this is a rare opportunity in one of Scarborough's most connected communities.Residents enjoy an impressive selection of resort-style amenities including an indoor swimming pool, sauna, fully equipped gym, squash and basketball courts, billiards room, table tennis, children's playground, and three party rooms. The building also offers 24-hour security, onsite daycare, and commercial laundry facilities for added convenience.Surrounded by shopping, restaurants, schools, parks, and everyday essentials, this property offers exceptional long-term value for both investors and future end users alike. Currently tenanted until December 31, 2026, providing stable rental income today with the flexibility to move in, renovate, or reposition the property in the future. Property being sold under Power of Sale as-is, where-is condition with no representations or warranties. Buyers are advised to conduct their own due diligence regarding the property and its features. A solid property in a sought-after location! MUST SEE! 48 hours (work days) irrevocable on all offers. Being sold as is. Must attach Schedule "B" & "D" and use Seller's sample offer when drafting an offer (copy in attachment section of MLS). No representations or warranties of any kind by seller/agent. All information to be independently verified. Taxes estimated per city website..
Sold data
Apartment homes in Toronto E08 took a median of 28 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 53, across 2,788 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.
The median sale price was $562,000.
Homes sold for about 3.4% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
Based on 2,788 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto E08 has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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