1346 Danforth Road Unit 706, Toronto E08

Price: $490,000

2 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: New Construction

MLS#: E12712198

Welcome to Unit 706 at 1346 Danforth Road - a thoughtfully designed 2-bedroom, 2-bathroom condo offering exceptional value. ***While the unit DOES NOT INCLUDE PARKING, rental parking is available in the building for approximately $200/month, making this an excellent opportunity for buyers who prioritize lifestyle, layout, and location without paying a premium for owned parking. This modern residence features breathtaking, unobstructed west-facing views with stunning sunset vistas from the private balcony - views that are protected and guaranteed to last. Inside, the bright, airy, open-concept layout is ideal for everyday living and effortless entertaining. The contemporary kitchen is equipped with stainless steel appliances and a highly functional design perfect for daily cooking. The spacious living and dining area flows seamlessly to the balcony, creating a desirable indoor-outdoor living experience. *Highlights you'll love include: warm, stylish laminate flooring throughout; two generously sized bedrooms with excellent closet space; two modern bathrooms; in-suite laundry; and a well-planned, efficient floor plan that maximizes comfort and functionality. Situated in a rapidly growing, transit-friendly neighbourhood, this condo is close to parks, schools, shopping, TTC, and all essential amenities. Whether you're a first-time buyer, young family, or investor, this unit delivers outstanding style, value, and long-term growth potential.

1346 Danforth Road Unit 706 - New Construction photo 1 of 26 in Scarborough Town Centre, Ontario
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$490,000 - 1346 Danforth Road Unit 706, Scarborough

New Construction for Sale in Scarborough

141 days on market
2Beds
2Baths
700 - 1,099Sq Ft
New Construction
Property Details
MLS Number
E12712198
Property Type
New Construction
Status
active
Days on Site
141
Bedrooms
2
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Scarborough Town Centre
Locker
None
Exposure
West
Balcony
Open
Listing Brokerage
RIGHT AT HOME REALTY
Description

Welcome to Unit 706 at 1346 Danforth Road - a thoughtfully designed 2-bedroom, 2-bathroom condo offering exceptional value. ***While the unit DOES NOT INCLUDE PARKING, rental parking is available in the building for approximately $200/month, making this an excellent opportunity for buyers who prioritize lifestyle, layout, and location without paying a premium for owned parking. This modern residence features breathtaking, unobstructed west-facing views with stunning sunset vistas from the private balcony - views that are protected and guaranteed to last. Inside, the bright, airy, open-concept layout is ideal for everyday living and effortless entertaining. The contemporary kitchen is equipped with stainless steel appliances and a highly functional design perfect for daily cooking. The spacious living and dining area flows seamlessly to the balcony, creating a desirable indoor-outdoor living experience. *Highlights you'll love include: warm, stylish laminate flooring throughout; two generously sized bedrooms with excellent closet space; two modern bathrooms; in-suite laundry; and a well-planned, efficient floor plan that maximizes comfort and functionality. Situated in a rapidly growing, transit-friendly neighbourhood, this condo is close to parks, schools, shopping, TTC, and all essential amenities. Whether you're a first-time buyer, young family, or investor, this unit delivers outstanding style, value, and long-term growth potential.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,513.95/mo

Includes CMHC insurance ($13,671)

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5-yr fixed avg.

Principal: $441,000Interest: $299,515
Mortgage Amount$454,671
Total Interest$299,515
Est. Property Tax$347/mo
Total Cost$754,186

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.

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Neighbourhood Guide: Scarborough Town Centre

Discover Scarborough Town Centre

Scarborough Town Centre 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 Scarborough Town Centre

  • Convenient location in Scarborough Town Centre
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Scarborough Town Centre 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.

70
Walk Score
Varies
Price Range

1346 Danforth Road Unit 706, Scarborough Town Centre

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,400/mo
Range: $2,040 - $2,760
Cap Rate (ROI)
4.8%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,400
Maintenance Fees-$0
Property Tax (est.)-$347
Insurance (est.)-$102
Net Cash Flow+$1,951

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $700/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 141 days on site, this property has exceeded the typical selling timeline for Scarborough. 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.

Efficient Living

At 700 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.

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    MLS# E12712198 — 1346 Danforth Road Unit 706 | Battaglia Team