$2,549,000 - 31 Presteign Avenue, Danforth
Detached for Sale in Danforth
- MLS Number
- E13155866
- Property Type
- Detached
- Status
- active
- Days on Site
- 25
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- RE/MAX ULTIMATE REALTY INC.
Fabulous custom built, spacious Executive Residence in prestigious Parkview Hills! This luxury home features architectural details, quality workmanship and high end finishes. Featuring 4+1 bedrooms, 5 baths with approximately 4500 sq ft of living space. Hardwood floors throughout, wainscoting, high coffered ceilings, custom trim and mouldings. Elegant, tasteful living and dining rooms, an absolutely stunning bright family room offers yet another spacious sitting & dining area with walkout to patio. Incredible Chef's kitchen with porcelain floor, island, built-in stainless steel appliances. Huge primary bedroom features gorgeous 5-pc ensuite bath and large walk-in closet. All bedrooms have ensuite or semi-ensuite baths and walk-in closets. 2nd floor laundry room for convenience. Incredible finished basement with rec room featuring a fireplace, wet bar with fridge. 5th bedroom used as exercise room, 3-pc bath with glass enclosure. High end, custom aluminum pergola covers large patio area. Terrific for family living & entertaining. This beautiful home must be seen to be fully appreciated!
Estimate your monthly payments for this property
Estimated Payment
$11,275.09/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 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.
31 Presteign Avenue, Danforth / East York
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Rental income estimator & ROI calculator
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
Fair Market Value
At $1020/sqft, this property is priced in line with current Danforth market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 25 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.
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.
Excellent Flexibility
With 5 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 5 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.
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 $10,621 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.