$625,000 - 1401 O'Connor Drive Unit 620, Danforth
Condo for Sale in Danforth
131 days on market- MLS Number
- E12758994
- Property Type
- Condo
- Status
- active
- Days on Site
- 131
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Danforth / East York
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE SUSAN GUCCI REALTY
Welcome to 1401 O'Connor Drive #620, a rare and spacious offering in the sought-after Historic Lanes condominium-where a cherished piece of local history has been thoughtfully preserved within a stunning, modern development. This beautifully finished suite offers over 835 sq ft of interior living space with a highly functional 2+1 bedroom, 2 full bathroom layout. The generous principal bedroom features a private ensuite, his-and-hers closets, and a large picture window overlooking a quiet, tree-lined residential pocket with desirable east-facing views and exceptional privacy. The den is currently used as a dining room for easy entertaining but also functions perfectly as a work-from-home space. Enjoy an oversized 150 sq ft terrace-ideal for outdoor dining, lounging, and even your own herb or vegetable garden without compromise. The unit includes one parking space and two storage lockers, a larger-than-average laundry room, and thoughtful storage throughout. Residents enjoy exceptional amenities including a party room with pool table and foosball table, guest suite, yoga studio, lounge/TV room for hosting movie nights, a well-equipped gym with unobstructed views, and a rooftop terrace perfect for BBQs and dining under the stars/ entertaining. With a strong sense of community, social events, and many owner-occupied units who take pride in the building, this home is ideal for down-sizers, families, and urban professionals seeking more space than the average condo. Don't miss this rare opportunity-units like this seldom come available. *convenient LRT /subway access*
Estimate your monthly payments for this property
Estimated Payment
$3,206.57/mo
Includes CMHC insurance ($17,438)
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 620, 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
Competitive Pricing
At $781/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 131 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.
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.
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: Danforth properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,604 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.