$2,068,000 - 122 Hopedale Avenue, Danforth
Detached for Sale in Danforth
55 days on market- MLS Number
- E13032214
- Property Type
- Detached
- Status
- active
- Days on Site
- 55
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Perched above the ravine, this exceptional family home is a rare labour of love -meticulously maintained, and ready to welcome its next cherished family. From the moment you step inside, the warmth and intention behind every detail is unmistakable. The grand main floor impresses with soaring principal rooms, rich hardwood floors, and expansive windows that bathe the space in natural light while framing breathtaking ravine views. At the heart of it all, the gorgeous chef's kitchen is where memories are made - featuring ample custom cabinetry, stainless steel appliances, and stunning quartz countertops, all flowing seamlessly through a walk-out to your private garden retreat.The spacious primary suite is your personal sanctuary, complete with a generous walk-in closet and a spa-inspired 5-piece ensuite designed to help you unwind in luxury. Three additional well-appointed bedrooms and a beautifully finished family bathroom ensure every member of the household has their own special space. The fully finished basement extends your living options beautifully - an oversized family room, additional bedroom, and full bathroom make it ideal for extended family, guests, or a dedicated work-from-home haven. A built-in garage and a spacious backyard - with exciting potential for a future garden suite - round out this exceptional offering. Nestled within a quiet, tree-lined pocket of a well-established, family-friendly community defined by long-term ownership and genuine neighbourhood pride, the location elevates everything. Mature trees, top-rated schools, and the scenic Lower Don Valley trails make nature part of your daily rhythm. Commuting is effortless with quick DVP access, reliable TTC along Pape and O'Connor, and the highly anticipated Ontario Line at nearby Cosburn Station. This is where your next chapter begins. From surreal to so real - this is the one.
Estimate your monthly payments for this property
Estimated Payment
$9,147.46/mo
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 Danforth / East York
Danforth / East York 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 Danforth / East York
- •Convenient location in Danforth / East York
- •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
Danforth / East York 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.
122 Hopedale Avenue, Danforth / East York
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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
Fair Market Value
At $1034/sqft, this property is priced in line with current Danforth 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.
Negotiation Opportunity
At 55 days on site, this property has exceeded the typical selling timeline for Danforth. 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.
Detached Home Advantages
Detached homes in Danforth are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Danforth.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Danforth properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $8,617 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.