$578,000 - 1401 O'Connor Drive Unit 715, Danforth
Condo for Sale in Danforth
97 days on market- MLS Number
- E12871432
- Property Type
- Condo
- Status
- active
- Days on Site
- 97
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Danforth / East York
- Locker
- Owned
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to a rare find in the city - a bright and beautifully designed two-bed, two-bath condo with two parking spots and two lockers (yes, really!). Thoughtfully laid out with a split-bedroom design, this suite offers the perfect balance of privacy and open-concept living. The modern kitchen features quartz countertops and stainless steel appliances, flowing seamlessly into the living and dining space - ideal for everyday living and effortless entertaining. But the real showstopper? The massive terrace that runs the entire length of the condo. Imagine sipping your morning coffee while watching the sunrise over unobstructed southeast views, or hosting friends for evening drinks as the city glows. This outdoor space truly extends your living area and makes condo life feel anything but small. Practical perks make life even easier, with high-speed internet and cable TV included in the maintenance fees, plus the incredible bonus of the two parking spots and the two lockers - a rare luxury in Toronto condo living. Bright, spacious, and made for enjoying both the indoors and out - this is the kind of home that makes you fall in love with city living all over again.
Estimate your monthly payments for this property
Estimated Payment
$2,965.44/mo
Includes CMHC insurance ($16,126)
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 715, 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 $963/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 97 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 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 $2,408 (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.