$519,900 - 1401 O'connor Drive Unit 415, Danforth
Condo for Sale in Danforth
- MLS Number
- E13154978
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Danforth / East York
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 GREEN REALTY INC.
Welcome to boutique condo living at The Lanes Condos in the highly desirable O'Connor-Parkview community of East York! This exceptionally rare 2-bedroom, 2-bathroom suite offers the ultimate layout, with each spacious bedroom featuring its own private full ensuite bathroom - a highly sought-after design ideal for professionals, roommates, guests, or families seeking comfort and privacy. One of the very few units in the building featuring soaring 9-foot ceilings, this suite feels bright, open, and airy throughout. The spacious open-concept layout is complemented by laminate flooring, fresh paint, and large windows that fill the home with natural light while showcasing clear, unobstructed views. The upgraded kitchen is both stylish and functional, featuring quartz countertops, stainless steel appliances, abundant cabinetry and counter space, plus a custom-made movable island for added flexibility. Enjoy a generous eat-in dining area and a large living room with walk-out to a private balcony. Residents enjoy exceptional amenities including a spectacular rooftop terrace with BBQs, dining areas, and sun loungers, a rooftop fitness centre with panoramic city views, games room with billiards, and a beautifully appointed party room with large dining space. Located in a prime East York location on O'Connor Drive, steps to shops, restaurants, grocery stores, cafés, entertainment, TTC, parks, and everyday conveniences, with quick access to the DVP and downtown Toronto.
Estimate your monthly payments for this property
Estimated Payment
$2,667.36/mo
Includes CMHC insurance ($14,505)
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.
1401 O'connor Drive Unit 415, Danforth / East York
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Rental income estimator & ROI calculator
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 $867/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.
Market Position
At 20 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 600 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.
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 $2,166 (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.