$1,389,000 - 300 Westlake Avenue, Danforth
Multi-Family for Sale in Danforth
Neighbourhood: Woodbine-Lumsden
- MLS Number
- E13150706
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 23
- Bedrooms
- 7
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Rare 6+1 bed, 4 bath corner property stretching nearly 3,500 sq ft of finished living space, sitting on a gigantic 33 x 114 ft lot with a private 2-car driveway. Originally built in 1920 and was once a photography studio, this home has character baked into its bones and a century of thoughtful upgrades. Inside, the layout gives everyone room to breathe. The main floor flows beautifully since the kitchen and living room were opened up, and the addition of the back apartment makes this a beautiful and meaningful find for multigenerational families or savvy investors looking to offset costs. Speaking of which-this bad boy generates approx. $ 4,400 per year of revenue under the Ontario Government Microfit contract and installed solar panels. A rooftop deck is your personal perch for summer sunsets above the city. Dream family neighbourhood - Stan Wadlow Park, a literal one-minute walk, includes 8.5 acres of baseball diamonds (lit for night games), a splash pad, pool, skate park, off-leash dog run, and a clubhouse. Taylor Creek trails are right there for your morning ride or long dog walk. Poured Coffee on the Danforth for Saturday pastries and live music. Great schools at every level: Parkside PS, DA Morrison, East York HS. Transit at the door. DVP in minutes. The Beach in ten. You'll be here for decades. You know what to do.
Estimate your monthly payments for this property
Estimated Payment
$6,144.02/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 Woodbine-Lumsden
Woodbine-Lumsden 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 Woodbine-Lumsden
- •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
Woodbine-Lumsden 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.
300 Westlake 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
Competitive Pricing
At $556/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.
Market Position
At 23 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.
Excellent Flexibility
With 7 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.
About Woodbine-Lumsden
I know Woodbine-Lumsden well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $5,788 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.