$970,000 - 30 Coronado Court, Downsview
Semi-Detached for Sale in Downsview
133 days on market- MLS Number
- W12734500
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 133
- Bedrooms
- 8
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downsview / Black Creek
- Listing Brokerage
- SUTTON GROUP REALTY SYSTEMS INC.
Turn-key income property locate on a Cul-de-sac in the Humbermede neighbourhood. Large four-bedroom semi on a quiet court, currently operating as a high-performing rooming house generating approximately $9,350/month in low-season rents, with strong upside during peak season. Multiple income streams from second-floor rooms, main-floor bedrooms, basement bedroom, and on-site laundry. Property features hardwood floors throughout the bedrooms, dining area with walk-out to patio, granite kitchen with stainless steel appliances, renovated 4-piece bath on the second floor and a 3-piece bath on the main. Significant upgrades include central air conditioning, tankless hot water system, and upgraded electrical with additional circuits. Exterior offers a private four-car driveway, large shed, terrace and cherry tree. Excellent opportunity for investors seeking stable monthly income in a high-demand rental area. Conveniently located close to TTC, shops and restaurants. A short walk to Verobeach Parkette, Humber Sheppard Park, the Humber River Recreational Trail and more. This home offers a fantastic location with everyday conveniences and green space right at your doorstep.
Estimate your monthly payments for this property
Estimated Payment
$4,976.60/mo
Includes CMHC insurance ($27,063)
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 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
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.
30 Coronado Court, Downsview / Black Creek
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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 $647/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 133 days on site, this property has exceeded the typical selling timeline for Downsview. 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 Downsview 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 8 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 Downsview.
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 $4,042 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.