🚨 Assignment Sale | 1 Bedroom + Parking at Westerly 2 Condos
📍 60 Central Park Roadway – Bloor & Islington, Etobicoke

🏡 Suite Details

• 1 Bedroom

• 1 Bathroom

• 518 sq ft

• 1 Parking Space Included

• Functional modern layout

• Ideal for end users and investors

💰 Pricing Overview

• Asking Price: $430,000

• Distressed assignment

• Priced well below comparable market and assignment listings

• Rare opportunity to secure parking at this price point

🏗️ Building Overview

• Westerly 2 Condos

• Built by Tridel

• Master-planned community

• Located in Islington–City Centre West

• Steps from transit, parks, retail, and daily essentials

The Westerly 2 Distressed Assignment represents a rare opportunity to acquire a high-quality Tridel-built condominium in Etobicoke’s Islington–City Centre West community at a value-driven price point that is becoming increasingly difficult to find. Located at 60 Central Park Roadway near Bloor & Islington, this distressed assignment offers a 1-bedroom suite with parking for $430,000, positioning it as one of the most compelling west-end condo opportunities currently available for both investors and end users.

This unit features 518 square feet of intelligently designed living space, offering a clean, functional layout that prioritizes daily usability rather than wasted square footage. The floor plan is efficient, open, and adaptable, making it ideal for young professionals, couples, first-time buyers, and tenants seeking comfort, flow, and practicality. The inclusion of one dedicated parking space significantly enhances both livability and rental appeal, especially in a transit-oriented neighborhood where parking remains a valuable asset that directly impacts resale liquidity and long-term demand.

From a pricing standpoint, the Westerly 2 Distressed Assignment stands out clearly. With an asking price of $430,000, this unit is positioned well below typical market comparables and current assignment listings within the area. In a market environment where quality inventory remains constrained and construction costs continue to rise, opportunities to acquire modern condos at this price level are increasingly rare. This pricing advantage provides immediate equity potential, downside protection, and long-term appreciation leverage, particularly as transit-accessible west-end locations continue to attract sustained buyer demand.

Westerly 2 is developed by Tridel, one of Canada’s most respected condominium builders, known for construction quality, intelligent design, efficient property management, and strong long-term resale performance. Tridel projects historically outperform market averages due to consistent execution, building durability, and buyer confidence. This developer reputation directly reduces construction risk, improves tenant confidence, and strengthens long-term asset stability, making this assignment particularly attractive from both a lifestyle and investment perspective.

The building itself is part of a thoughtfully designed master-planned community, emphasizing walkability, green space integration, and amenity-driven living. Westerly 2 reflects modern architectural principles, clean building lines, efficient circulation, and lifestyle-focused planning. The result is a residential environment that supports both everyday convenience and long-term livability, avoiding the over-densification and congestion seen in many downtown developments.

Location is a central advantage of the Westerly 2 Distressed Assignment. Situated near Dundas & Islington, residents benefit from direct access to TTC subway service, major arterial roads, and key highway corridors including the Gardiner Expressway, Highway 427, and QEW. This connectivity makes the area exceptionally commuter-friendly, supporting both downtown access and regional mobility across the GTA. Whether commuting to the Financial District, Mississauga, or Pearson Airport, travel efficiency remains a defining benefit of this location.

Beyond transit access, the neighborhood delivers a complete lifestyle ecosystem. Residents are surrounded by everyday conveniences including grocery stores, cafes, restaurants, retail shopping, fitness facilities, schools, and healthcare services. Nearby parks, trails, and green spaces provide a rare balance of urban accessibility and outdoor recreation, allowing residents to enjoy both convenience and lifestyle quality without sacrificing one for the other. This combination significantly enhances tenant appeal and long-term homeowner satisfaction.

From an investment perspective, the Westerly 2 Distressed Assignment offers a particularly strong profile. One-bedroom units with parking in transit-connected west-end locations consistently demonstrate high rental absorption and stable income performance. Demand is driven by young professionals, healthcare workers, airport staff, corporate commuters, and downsizers seeking quality urban living without downtown congestion or pricing. The result is consistent tenant demand, strong leasing velocity, and resilient rental income, even during broader market slowdowns.

Capital appreciation fundamentals remain equally compelling. Etobicoke continues to benefit from transit investment, urban intensification, and infrastructure expansion, positioning it as one of Toronto’s most strategically evolving submarkets. As downtown pricing continues to push buyers outward, high-connectivity nodes like Bloor & Islington increasingly attract both end users and investors, sustaining upward price pressure and long-term asset performance. Purchasing below market value through a distressed assignment materially strengthens appreciation potential while reducing capital risk.

The inclusion of parking further amplifies long-term value. While some market narratives downplay parking demand, real-world rental and resale data consistently show that parking remains a decisive factor in both tenant decision-making and buyer liquidity, particularly outside of Toronto’s dense downtown core. Units with parking maintain stronger rental competitiveness, experience lower vacancy risk, and enjoy superior resale marketability, especially as vehicle ownership remains structurally relevant in west-end and suburban-adjacent districts.

Unlike resale purchases, the Westerly 2 Distressed Assignment eliminates emotional bidding wars, pricing escalation, and compressed transaction timelines. Buyers gain pricing clarity, negotiation leverage, and strategic flexibility. This allows for disciplined acquisition decisions driven by data and financial strategy rather than competitive pressure, which materially improves long-term investment outcomes.

In summary, the Westerly 2 Distressed Assignment delivers a rare combination of discounted pricing, high-quality construction, strategic transit connectivity, and durable investment fundamentals. It offers exceptional value for first-time buyers seeking affordability without compromise, investors pursuing stable income and appreciation, and long-term holders focused on portfolio resilience and capital preservation.

This is not a speculative play. It is a structurally sound acquisition in one of Toronto’s strongest west-end transit corridors. In a market where true value opportunities are increasingly rare, hesitation simply increases acquisition risk.