$799,900 - 240 Cedarvale Avenue, Danforth
Semi-Detached for Sale in Danforth
42 days on market- MLS Number
- E13082440
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- ROYAL LEPAGE ESTATE REALTY
Welcome to this charming, fully renovated two-bedroom, home in East York. Thoughtfully and thoroughly updated, this property is an ideal fit for first-time buyers, empty nesters, or savvy investors. The main floor features a spacious living/dining room with hardwood floors that lead into a bright and airy, newly finished (2026) eat in kitchen equipped with white cabinetry, hardwood countertops, subway tile backsplash and brand new stainless steel appliances. A bonus main floor sunroom/den/office provides wonderful west facing additional living space and access, through sliding patio doors, to a large private backyard oasis with a new fence, deck, adorable shed and gas bbq hook up. The second floor boasts a modern bathroom and two bedrooms. The generously sized primary bedroom includes a wall to wall custom closet. The fully finished lower level offers a flexible layout suitable for an additional bedroom, home office or family room, with a full bath and laundry. Tons of storage throughout. This family home been lovingly maintained and upgraded for a truly turnkey experience, including newer roof and flooring. All HVAC appliances owned. The home is located within the catchment area for Gledhill Junior P.S., D.A. Morrison M.S., and East York C.I., all of which offer French Immersion. Residents will enjoy easy access to the TTC, GO Transit (with express service from Main to Union), the DVP, and the vibrant shops and eateries of the Danforth. This exceptional home offers incredible value and is not to be missed.
Estimate your monthly payments for this property
Estimated Payment
$4,103.90/mo
Includes CMHC insurance ($22,317)
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.
240 Cedarvale 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
Premium Pricing
At $1143/sqft, this property is priced above the Danforth 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.
Market Position
At 42 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.
Efficient Living
At 700 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.
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.
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 $3,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.