$1,299,000 - 1521 Danforth Avenue, Leslieville
Townhouse for Sale in Leslieville
83 days on market- MLS Number
- E12919652
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 83
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Riverdale / Leslieville
- Listing Brokerage
- KELLER WILLIAMS ADVANTAGE REALTY
Welcome to 1521 Danforth Avenue - a rare opportunity to own a versatile live/work residence in one of Toronto's most dynamic and connected neighbourhoods. Above, the thoughtfully designed residential space offers three well-proportioned bedrooms, ideal for families, professionals, or those seeking flexibility. The primary suite is a true retreat, featuring vaulted ceilings that create an airy, light-filled atmosphere. The living space flows seamlessly, with a functional kitchen that opens onto a private balcony - perfect for your morning coffee or a quiet evening unwind. One level up, an expansive rooftop deck provides the ultimate outdoor escape, ideal for entertaining, dining, or relaxing above the city. On the main floor, a fully functional retail space offers exceptional flexibility - ideal for entrepreneurs looking to run a business from home, or for those seeking additional income through a commercial tenant. Whether owner-occupied or leased out, this space adds a valuable and rare income-generating component. Additional features include built-in one-car parking garage - a true convenience in this vibrant, walkable location. Set along the lively Danforth corridor, you're surrounded by an incredible mix of cafés, restaurants, shops, and everyday amenities, all just steps to transit for effortless commuting. Highlights: Rare live/work opportunity with main floor retail space/ 3-bedroom residential layout with flexible living options/ Vaulted ceilings in the primary bedroom/ Private balcony off the kitchen + expansive rooftop deck/ Built-in garage for 1-car parking/ High-visibility Danforth location with strong foot traffic Ideal for end-users, entrepreneurs, or investors. -A unique opportunity to blend lifestyle, convenience, and income potential in one exceptional property.
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/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 Riverdale / Leslieville
Riverdale / Leslieville 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 Riverdale / Leslieville
- •Convenient location in Riverdale / Leslieville
- •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
Riverdale / Leslieville 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.
1521 Danforth Avenue, Riverdale / Leslieville
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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 $866/sqft, this property is priced in line with current Leslieville 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 83 days on site, this property has exceeded the typical selling timeline for Leslieville. 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Leslieville have shown strong appreciation as families seek more space.
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.
Bathroom Count Matters
With 3 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: Leslieville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.