$1,499,999 - 204 Derrydown Road, Downsview
Detached for Sale in Downsview
75 days on market- MLS Number
- W12929926
- Property Type
- Detached
- Status
- active
- Days on Site
- 75
- Bedrooms
- 9
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Downsview / Black Creek
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
ATTENTION INVESTORS!! Welcome to This One Of A Kind Investment Property that cannot missed out!!! Big cash flow from day one, and huge value-add potential - a true find in the high-demand and stable Toronto area markets. Property Highlights: 5+4 bedrooms. Fully renovated basement (2024) with 2 full bathrooms, laundry, furnace room & washer/dryer (2025, new coin-operated machine in basement. The additional washer and dryer for the main floor are disconnected and kept in the garage, which will be left for the new owners.* 4 full bathrooms with handheld bidets, all renovated in 2024* High-end luxury vinyl flooring & stairs throughout (carpet-free)* 4 fridges, 1 Whirlpool top cook, 2 Whirlpool low-profile microwave. All purchased 2024* Smart garage door opener w/ camera (2025)* Outside pot lights at side entrances (2025)* All rooms come furnished with beds, desks, chairs, shelves, and closet space.* Smoke alarms in every bedroom, fully interlinked (by-law compliant)* 2 emergency exit signs in the basement with battery backup* Metal roof (2023) with gutter & leaf guard* New Interlocking backyard (July 2025, 2-year warranty) with artificial turf: ready space for gazebo/shed or 3 legal garden suites (new Toronto zoning = extra lots of $$$ rental income!)* New asphalt driveway with interlocking in the front driveway is completed in July 2025, backed by a 2-year warranty.* You can also remove the wall from room#4 & #5 for additional living and great room on the main floor.* Basement kitchen has a quartz countertop* Recently installed a wooden fence in the backyard (2025)* Water softener installed. *2 min walk to NEW Finch West Zero-Emission Light Rail Transit to open this Summer with 16 stations connecting Humber College and the Finch West TTC Subway station. - Minutes to York University & Seneca College.
Estimate your monthly payments for this property
Estimated Payment
$6,635.00/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 Downsview / Black Creek
Downsview / Black Creek 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 Downsview / Black Creek
- •Convenient location in Downsview / Black Creek
- •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
Downsview / Black Creek 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.
204 Derrydown Road, Downsview / Black Creek
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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
Premium Pricing
At $1364/sqft, this property is priced above the Downsview average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 75 days on site, this property has exceeded the typical selling timeline for Downsview. 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.
Detached Home Advantages
Detached homes in Downsview are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 9 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downsview.
Bathroom Count Matters
With 4 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: Downsview properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.