$1,599,000 - 35 Munford Crescent, Danforth
Detached for Sale in Danforth
- MLS Number
- E13225338
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- HOMEART REALTY SERVICES INC.
Welcome to this luxurious 4 Bedrooms home with a Legal Basement apartment, and a potential versatile studio in one of East York's top neighborhoods. Total Living Space 2,500-3,000 Sq Ft. This property is IDEAL for both families and investors. Whether you're looking for a multi-family investment or a spacious family home, this property offers incredible flexibility. The home has been NEWLY RENOVATED, featuring NEW roof, insulation, a NEW garage door, and a refinished fence. Inside, enjoy NEW electrical and plumbing systems, NEW energy-efficient windows and doors, and NEW custom kitchens with built-in organizers and high-end materials. NEW appliances complete the space, making it both stylish and functional. The home is beautifully finished with NEW hardwood flooring and large tiles throughout, creating a modern, seamless feel. Glass railings on the porch and staircase add a contemporary touch. With a NEW furnace, NEW hot water heater, and NEW air conditioner, you'll experience year-round comfort and efficiency. Sleek pot lights and modern lighting fixtures brighten the interior, while the home's flexible layout allows for use as a single-family residence or separate units. The NEW AND LEGAL basement apartment offers rental income potential, and the studio can either be part of the main home or rented separately for additional revenue or personal workspace. Outside, the NEW yard includes NEW aggregate concrete, professional landscaping, a built-in fire pit, and a NEW sprinkler system to maintain a lush, green space. The exterior features NEW high-end lighting, enhancing the homes curb appeal day and night. This exceptional detached, side-split property combines modern luxury with flexible living arrangements in a prime East York location. Perfect for families or investors, this home is a must-see!Brokerage Remarks
Estimate your monthly payments for this property
Estimated Payment
$7,072.92/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.
35 Munford Crescent, 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
Fair Market Value
At $1066/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 15 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 6 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 $6,663 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.