2800 Keele Street Unit 407, Toronto W05

Price: $698,000

3 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: W12890630

Bright And Airy 956 Sq. Ft. Corner Unit With Soaring 10 Ft. Ceilings, Expansive Wrap-Around Terrace, And Stunning South-East Views. Primary Bedroom With En-Suite Bath And Ample Closet Space. Second Bedroom Features A Murphy Bed And Large Closets. Sun-Filled Open-Concept Living And Dining Area Leads To The Terrace, Showcasing Beautiful Natural Light Throughout. Modern Kitchen With Updated Cabinets And New Floors.Thoughtful Split Layout With Closed-Door Den, Concealed Laundry, And Bonus Extra-Wide Parking Spot.Unbeatable Location In The Heart Of North York! Steps To Parks, Schools, Shopping, Public Transit, And Minutes To Humber River Hospital, York University, Yorkdale Mall, Sheridan Mall, Metro, Groceries, And Major Highways 401/400/Allen. Light-Filled, Modern, And Move-In Ready! A Must See!

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New Listing
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$698,000 - 2800 Keele Street Unit 407, Downsview

Condo for Sale in Downsview

New — Listed yesterday
3Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
W12890630
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
3
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Downsview / Black Creek
Locker
None
Exposure
South East
Balcony
Open
Listing Brokerage
ROYALTY PLUS REALTY CORP.
Description

Bright And Airy 956 Sq. Ft. Corner Unit With Soaring 10 Ft. Ceilings, Expansive Wrap-Around Terrace, And Stunning South-East Views. Primary Bedroom With En-Suite Bath And Ample Closet Space. Second Bedroom Features A Murphy Bed And Large Closets. Sun-Filled Open-Concept Living And Dining Area Leads To The Terrace, Showcasing Beautiful Natural Light Throughout. Modern Kitchen With Updated Cabinets And New Floors.Thoughtful Split Layout With Closed-Door Den, Concealed Laundry, And Bonus Extra-Wide Parking Spot.Unbeatable Location In The Heart Of North York! Steps To Parks, Schools, Shopping, Public Transit, And Minutes To Humber River Hospital, York University, Yorkdale Mall, Sheridan Mall, Metro, Groceries, And Major Highways 401/400/Allen. Light-Filled, Modern, And Move-In Ready! A Must See!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,581.10/mo

Includes CMHC insurance ($19,474)

$
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5%10%50%

5-yr fixed avg.

Principal: $628,200Interest: $426,656
Mortgage Amount$647,674
Total Interest$426,656
Est. Property Tax$494/mo
Total Cost$1,074,331

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.

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Neighbourhood Guide: Downsview / Black Creek

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

2800 Keele Street Unit 407, Downsview / Black Creek

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,680/mo
Range: $2,278 - $3,082
Cap Rate (ROI)
2.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,680
Maintenance Fees-$585
Property Tax (est.)-$494
Insurance (est.)-$145
Net Cash Flow+$1,456

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 Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $776/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Downsview's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 900 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: Downsview properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,908 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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