$1,499,000 - 245 Ferris Road, Danforth
Detached for Sale in Danforth
49 days on market- MLS Number
- E13053448
- Property Type
- Detached
- Status
- active
- Days on Site
- 49
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Stunning custom-built 4-bedroom home with a separate legal 2-bedroom basement suite set on a rare 30x194ft lot sought-after O'Connor-Parkview neighbourhood! This gorgeous home offers an exceptional design, space, and versatility, including an outstanding income potential! The welcoming main floor foyer features porcelain flooring, large closet and soaring 12 ft ceilings that carry through the main floor accented by refined European-inspired contemporary fluted paneling. The open-concept main level is bathed in natural light from expansive windows and showcases gorgeous engineered hardwood flooring and wainscoting throughout. The large dining area is perfect for entertaining, while the show-stopping kitchen impresses with abundant storage, top-of-the-line appliances along with sleek quartz countertops and backsplash. Sliding glass doors extend the living space outdoors to an expansive deck and a fully fenced back yard. The spacious living room overlooks the main floor, creating an ideal setting for everyday living and family gatherings. Oak stairs with glass railings lead to the second level highlighted by a large skylight and convenient upper-floor laundry. The serene primary suite is a luxurious retreat featuring a private balcony, walk-in closet, and spa-like 7-piece ensuite with double vanity, glass shower with body sprays, and a soaker jacuzzi tub. Three additional spacious bedrooms offer generous closet space, abundant natural light, and direct access to bathrooms each with glass shower with body spray. The bright, legal basement apartment includes large above-grade windows, two bedrooms each with direct walkouts to a large patio, a full kitchen, laundry, and a 4-piece bath, ideal for rental income or extended family. Set on an exceptionally deep 194-foot lot, the backyard is a rare offering with tremendous future potential for a massive garden suite. This home is ideally located near TTC and GO Transit, walk to local shops, supermarket, parks and schools!
Estimate your monthly payments for this property
Estimated Payment
$6,630.58/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.
245 Ferris Road, 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 $750/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.
Negotiation Opportunity
At 49 days on site, this property has exceeded the typical selling timeline for Danforth. 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 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 6 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 5 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 $6,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.