345 Driftwood Avenue Unit 504, Toronto W05

Price: $359,000

2 bedrooms, 1 bathrooms

800 sqft

Property Type: Condo

MLS#: W12892160

Welcome to 345 Driftwood Avenue - a beautifully updated, move-in ready home that blends modern finishes with everyday convenience. Thoughtfully renovated from top to bottom, $$$ spent- this bright and cheerful unit features a stunning new kitchen, updated bathroom, brand new flooring throughout, and fresh paint in a clean, contemporary palette.The spacious living area is enhanced by custom millwork, creating a stylish focal point perfect for relaxing or entertaining. Enjoy the added comfort of ensuite laundry and step out onto your private balcony - an ideal spot for your morning coffee or evening unwind.This well-managed building offers peace of mind, while the generous room sizes provide flexibility for both living and working from home. Featuring new stainless steel appliances and quality upgrades throughout, this home is truly turnkey.Conveniently located close to shopping, transit, schools, and everyday amenities, this is an excellent opportunity for first-time buyers, downsizers, or investors - especially those looking to cater to students attending nearby institutions.A fantastic blend of style, space, and location - don't miss it!

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New Listing
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$359,000 - 345 Driftwood Avenue Unit 504, Downsview

Condo for Sale in Downsview

New — Listed yesterday
2Beds
1Baths
800Sq Ft
Condo
Property Details
MLS Number
W12892160
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
2
Bathrooms
1
Square Feet
800 sqft
Neighbourhood
Downsview / Black Creek
Locker
Ensuite
Exposure
West
Balcony
Enclosed
Listing Brokerage
RE/MAX REALTY ENTERPRISES INC.
Description

Welcome to 345 Driftwood Avenue - a beautifully updated, move-in ready home that blends modern finishes with everyday convenience. Thoughtfully renovated from top to bottom, $$$ spent- this bright and cheerful unit features a stunning new kitchen, updated bathroom, brand new flooring throughout, and fresh paint in a clean, contemporary palette.The spacious living area is enhanced by custom millwork, creating a stylish focal point perfect for relaxing or entertaining. Enjoy the added comfort of ensuite laundry and step out onto your private balcony - an ideal spot for your morning coffee or evening unwind.This well-managed building offers peace of mind, while the generous room sizes provide flexibility for both living and working from home. Featuring new stainless steel appliances and quality upgrades throughout, this home is truly turnkey.Conveniently located close to shopping, transit, schools, and everyday amenities, this is an excellent opportunity for first-time buyers, downsizers, or investors - especially those looking to cater to students attending nearby institutions.A fantastic blend of style, space, and location - don't miss it!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,841.86/mo

Includes CMHC insurance ($10,016)

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5-yr fixed avg.

Principal: $323,100Interest: $219,441
Mortgage Amount$333,116
Total Interest$219,441
Est. Property Tax$254/mo
Total Cost$552,557

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

345 Driftwood Avenue Unit 504, Downsview / Black Creek

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
4.5%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$254
Insurance (est.)-$75
Net Cash Flow+$1,351

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $449/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Downsview's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 800 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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