$400,000 - 10 Tobermory Drive Unit 705, Downsview
Condo for Sale in Downsview
45 days on market- MLS Number
- W13080070
- Property Type
- Condo
- Status
- active
- Days on Site
- 45
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 800 sqft
- Neighbourhood
- Downsview / Black Creek
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- REAL ESTATE ADVISORS INC.
Low property tax! Low all-inclusive maintenance! Whether you are looking for a new move-in-ready unit, or the ideal income-generating property, 705-10 Tobermory Drive is the best of both worlds. Many tasteful updates include new professionally-installed flooring, an open-concept kitchen with large island, quartz counters, clean white cabinetry, built-in microwave with exhaust fan, modern light fixtures, contemporary feature wall, quartz-top bathroom vanity, and many more investments. Updated electrical panel (2023 - fuse to breaker), dedicated in-suite laundry (with additional same-floor common laundry room) and a unit-owned underground parking spot lend versatility and increase rental revenue potential. No car, no problem! This friendly, quiet building is perfectly tucked among scenic walking trails and located right across from a TTC bus stop, just 3 stops from Finch West Station. Enjoy exceptional transit access: only 1 subway stop to York University, 4 stops to Yorkdale Mall, 11 stops to UofT, and 1 stop to newly built Rogers Stadium! With the Finch West LRT now in operation, Humber College is just 15 stops away on a direct dedicated transit line. Highway 400 is a quick 7-minute drive, and Humber River Hospital is just 11 minutes away. Within a 15-minute walk you'll find 6 public and Catholic schools, a Toronto Public Library branch right across the street, and every possible essential service nearby: major grocers, pharmacies, restaurants, gyms, banks, and more. This area is in a rapidly developing transit corridor, with major municipal improvements taking place and values braced to increase. The location is ideal for families, professionals, and students alike with multiple universities nearby, making it a solid rental opportunity. Book your viewing today to maximize your investment!
Estimate your monthly payments for this property
Estimated Payment
$2,052.21/mo
Includes CMHC insurance ($11,160)
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.
10 Tobermory Drive Unit 705, 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 $500/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.
Market Position
At 45 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 800 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.
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.