31 Four Winds Drive Unit 901, Toronto W05

Price: $499,000

2 bedrooms, 1 bathrooms

900 sqft

Property Type: Condo

MLS#: W13136602

Urban Sophistication Meets Unbeatable Scale! (Nearly 1000 Sq Ft) Why pay more for less? This is a rare opportunity to own a condo that feels like a home. Boasting a footprint significantly larger than the average unit, this 2-bedroom residence is the definition of affordable luxury in a vibrant neighbourhood. Interior Highlights:Expansive Living: A unique sunken living room that adds character and volume.Chef's Kitchen: Modern finishes with deep storage for all your gadgets.Sunset Balcony: Large enough for real outdoor furniture with unobstructed westerly views. Why This Unit Wins: It's a budget-friendly powerhouse. With almost all utilities (including high-speed internet and cable) wrapped into the maintenance fees, your monthly overhead is predictable and low. Located in a high-demand transit hub near York University and the new LRT, the investment potential here is as big as the living room!

31 Four Winds Drive Unit 901 - Condo photo 1 of 33 in Downsview / Black Creek, Ontario
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$499,000 - 31 Four Winds Drive Unit 901, Downsview

Condo for Sale in Downsview

34 days on market
2Beds
1Baths
900Sq Ft
Condo
Property Details
MLS Number
W13136602
Property Type
Condo
Status
active
Days on Site
34
Bedrooms
2
Bathrooms
1
Square Feet
900 sqft
Neighbourhood
Downsview / Black Creek
Locker
Owned
Exposure
North
Balcony
Open
Listing Brokerage
PROPERTY.CA INC.
Description

Urban Sophistication Meets Unbeatable Scale! (Nearly 1000 Sq Ft) Why pay more for less? This is a rare opportunity to own a condo that feels like a home. Boasting a footprint significantly larger than the average unit, this 2-bedroom residence is the definition of affordable luxury in a vibrant neighbourhood. Interior Highlights:Expansive Living: A unique sunken living room that adds character and volume.Chef's Kitchen: Modern finishes with deep storage for all your gadgets.Sunset Balcony: Large enough for real outdoor furniture with unobstructed westerly views. Why This Unit Wins: It's a budget-friendly powerhouse. With almost all utilities (including high-speed internet and cable) wrapped into the maintenance fees, your monthly overhead is predictable and low. Located in a high-demand transit hub near York University and the new LRT, the investment potential here is as big as the living room!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,560.13/mo

Includes CMHC insurance ($13,922)

$
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5%10%50%

5-yr fixed avg.

Principal: $449,100Interest: $305,016
Mortgage Amount$463,022
Total Interest$305,016
Est. Property Tax$353/mo
Total Cost$768,039

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

31 Four Winds Drive Unit 901, Downsview / Black Creek

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
3.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$1,238

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, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $554/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 34 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.

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.

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.

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    31 Four Winds Drive Unit 901 | $499,000 | Battaglia Team