$635,000 - 374 Driftwood Avenue Unit 4, Downsview
Condo for Sale in Downsview
86 days on market- MLS Number
- W12916860
- Property Type
- Condo
- Status
- active
- Days on Site
- 86
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Downsview / Black Creek
- Locker
- Ensuite
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to this beautifully updated and exceptionally spacious condo townhouse in the heart of North York| This rare offering features 5 generously sized bedrooms and a fully finished basement, providing ample room for growing families, multi-generational living, or those needing flexible work-from-home space| Step inside to discover large principal rooms filled with natural light, creating a bright and inviting atmosphere throughout| The home has been fully renovated with a modern kitchen showcasing stylish finishes, along with updated bathrooms designed for both comfort and elegance| Every detail has been thoughtfully upgraded, allowing you to move in and enjoy without lifting a finger| The private backyard offers a great outdoor space for entertaining, gardening, or simply relaxing-an ideal extension of your living area| Conveniently located, this home is close to a wide range of amenities including schools, parks, shopping, and public transit| Enjoy easy access to major highways, nearby community centers, and recreational facilities, making daily life both comfortable and convenient| A fantastic opportunity to own a turn-key, oversized townhouse in a well-connected Toronto neighbourhood-don't miss it!|
Estimate your monthly payments for this property
Estimated Payment
$3,257.88/mo
Includes CMHC insurance ($17,717)
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 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
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.
374 Driftwood Avenue Unit 4, Downsview / Black Creek
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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
Competitive Pricing
At $397/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.
Negotiation Opportunity
At 86 days on site, this property has exceeded the typical selling timeline for Downsview. 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.
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.
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 Downsview.
Bathroom Count Matters
With 3 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: Downsview properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,646 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.