$529,900 - 1 Four Winds Drive Unit 508, Downsview
Condo for Sale in Downsview
64 days on market- MLS Number
- W12999850
- Property Type
- Condo
- Status
- active
- Days on Site
- 64
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downsview / Black Creek
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Welcome to this spacious and well-maintained 3-bedroom condo at 1 Four Winds Drive #508, ideally located in the heart of York University Heights, offering approximately 1,253 sq. ft. of carpet-free living space with a functional open-concept layout, large principal rooms, and a west-facing balcony with clear city views. The bright living and dining area features hardwood flooring and a walk-out to the balcony, while the kitchen is equipped with stainless steel appliances, tile flooring, and backsplash. The primary bedroom is a standout with its walk-in closet leading to a private ensuite powder room and its own exclusive balcony access, complemented by two additional generously sized bedrooms with double closets. This well-managed building offers exceptional amenities including an indoor pool, sauna, gym, party/meeting room, visitor parking, and controlled entry, with all utilities-heat, hydro, water, and parking-included in the maintenance fees for true worry-free living. Perfect for first-time buyers, families, investors, or students, this unbeatable location is just steps to Finch West TTC Station, the new Finch West LRT, York University, and Seneca College, with nearby schools such as James Cardinal McGuigan Catholic High School and C.W. Jefferys Collegiate Institute, plus easy access to Four Winds Community Garden, Fountainhead Park, shopping centres, grocery stores, and everyday conveniences all within walking distance.
Estimate your monthly payments for this property
Estimated Payment
$2,718.66/mo
Includes CMHC insurance ($14,784)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downsview / Black Creek
Downsview / Black Creek 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 Downsview / Black Creek
- •Convenient location in Downsview / Black Creek
- •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
Downsview / Black Creek 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.
1 Four Winds Drive Unit 508, Downsview / Black Creek
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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 30+ years of GTA real estate experience
Competitive Pricing
At $442/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 64 days on site, this property has exceeded the typical selling timeline for Downsview. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Downsview properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,208 (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.