$999,000 - 307 Glebemount Avenue, Danforth
Detached for Sale in Danforth
106 days on market- MLS Number
- E12832026
- Property Type
- Detached
- Status
- active
- Days on Site
- 106
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- RE/MAX CROSSROADS REALTY INC.
Welcome to 307 Glebemount Ave, a beautiful solid brick bungalow situated on a generous 33 x 100 ft deep lot. This property is ideal for first-time buyers, investors, or builders looking to create their dream residence.Nestled on a quiet street and conveniently located close to schools, parks, public transit, LCBO, Starbucks, the DVP, Michael Garron Hospital, and the vibrant Danforth restaurants, this home offers both comfort and accessibility.The property features a private driveway leading to the backyard with a steel fence gate for added privacy. Spacious parking with tandem space for up to 3 cars. A garage-sized storage shed for lots thing to store. Generous stone front steps open onto an elevated entry platform, creating a charming outdoor space ideal for casual seating, coffee breaks, and quiet reading. The home has been fully renovated with brand-new flooring, a modern kitchen with new cabinetry, and quartz countertops on both the main floor and in the basement. The main floor bathroom has been upgraded, and a brand-new bathroom has been added in the basement. New pot lights illuminate the home, which has been freshly painted though out. The laundry and furnace rooms have also been renovated, and a brand-new fridge is included in the basement.The finished basement features a separate entrance, one bedroom, its own kitchen, and a full bathroom, which is ideal for extended family living or potential rental income.The listing agent and seller make no representations or warranties regarding the retrofit status of the basement.
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
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.
307 Glebemount 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 $1427/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.
Negotiation Opportunity
At 106 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.
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 $4,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.