$1,169,000 - 231 Chisholm Avenue, Danforth
Detached for Sale in Danforth
41 days on market- MLS Number
- E13085304
- Property Type
- Detached
- Status
- active
- Days on Site
- 41
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- BOSLEY REAL ESTATE LTD.
Character & Potential On The Danforth | 231 Chisholm Ave. Classic East York Charm Meets Incredible Future Potential At This Detached, Three-Bedroom, Three-Bathroom Home. Situated On A Quiet, Tree-Lined Stretch Of Chisholm Ave, The Property Is Just Steps Away From The Vibrant Energy Of Danforth Village. Whether You Are Looking For A Solid Family Home To Customize Or A Savvy Investment With Significant Upside, This Property Delivers A Rare Combination Of Space & Opportunity. The Home Welcomes You With A Charming West-Facing Front Porch, The Perfect Spot For Morning Coffee Or Enjoying Sunset Views Over The Neighborhood. Inside, The Traditional Layout Has Been Enhanced By A Rear Addition, Creating A Large Family Room That Serves As An Ideal Hub For Movie Nights Or A Quiet Home Office. The Main Floor Also Features A Convenient Side Entrance. With Three Well-Sized Bedrooms & Three Washrooms. There Is Plenty Of Space For A Growing Family To Settle In & Make It Their Own. Unlock The Incredible Potential Waiting At The Rear Of The Property, Where A Double Car Garage Sits Perfectly At The End Of A Lane. This Expansive Footprint & Strategic Position Present An Enviable Opportunity To Explore Toronto's Dynamic Laneway Housing Suite Options, Inviting You To Imagine The Possibilities Of A Sleek Garden Studio, A High-End Rental, Or A Stunning Multi-Generational Guest House. It Is A Rare "Value-Add" Feature That Truly Sets This Chisholm Avenue Home Apart, Offering A Unique Path To Maximize The Property's Future Footprint And Lifestyle Versatility. Located In A Prime Pocket Of The City, You Are Within Easy Walking Distance To Main Street Or Woodbine TTC Stations And The GO Train For A Seamless Commute. You Can Enjoy The Best Of The Danforth, From Artisan Bakeries And Local Breweries To Eclectic Dining And Community Favorites. With Close Proximity To Stan Wadlow Park And The Taylor Creek Trails, 231 Chisholm Ave Offers The Perfect Balance Of Urban Convenience And Neighborhood Charm.
Estimate your monthly payments for this property
Estimated Payment
$5,170.88/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 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.
231 Chisholm Avenue, 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 $779/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.
Market Position
At 41 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.
Detached Home Advantages
Detached homes in Danforth 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.
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: Danforth properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,871 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.