$1,688,000 - 239 Torrens Avenue, Danforth
Detached for Sale in Danforth
39 days on market- MLS Number
- E13101960
- Property Type
- Detached
- Status
- active
- Days on Site
- 39
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Exceptional East York Opportunity - Two Homes on One Premium Lot. Welcome to 239 Torrens Ave! A rare offering featuring an extensively upgraded detached 4-bedroom, 3-bath home PLUS a brand-new legal garden suite, all set on an expansive 30 x 150 ft lot. Ideal for multi-generational living or strong rental income potential approx. $3,000/month from the garden suite , featuring 10-ft ceilings, modern finishes, a generously sized bedroom, a 3-piece bath with laundry, and a functional layout that integrates the living, dining, and kitchen areas with a W/O to the patio. The main floor of the main house offers a bedroom, an accessible 3-piece bath, a home office with a W/O to the deck, and an inviting foyer that opens into an open-concept living space, beginning with a kitchen featuring a breakfast area, quartz countertops, a ceramic backsplash, SS appliances, and ample pantry storage. The space flows into the dining and living areas, where expansive windows, including a charming bay window, fill the home with natural light. A striking statement fireplace set against a brick accent wall creates a sophisticated focal point. Hardwood floors on the main and second levels, pot lights, 200 amp service, crown molding, and 2 skylights. The primary bedroom is a true sanctuary, with access to 2 balconies, 3 closets, and a generous layout. Two additional bedrooms share a 3-piece bath. The finished basement offers a W/O separate entrance, a recreation room, kitchen, laundry, 3-piece bath, and a cold room. Exterior highlights include a 6-car driveway, carport, stone façade, glass railings, interlocking, landscaped backyard, and a hot tub. Located near top schools, parks, the Danforth, DVP, and the future Ontario Line, this property delivers a rare combination of design, functionality, timeless aesthetics, and income potential in the heart of East York. The urban dream with a Walk Score 90 & Bike Score 83!
Estimate your monthly payments for this property
Estimated Payment
$7,466.59/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.
239 Torrens 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
Fair Market Value
At $1125/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.
Market Position
At 39 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.
Excellent Flexibility
With 5 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 Danforth.
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: Danforth properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,033 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.