$899,000 - 388 O'Connor Drive, Danforth
Detached for Sale in Danforth
- MLS Number
- E13171598
- Property Type
- Detached
- Status
- active
- Days on Site
- 20
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE SUSAN GUCCI REALTY
Welcome to 388 O'Connor Drive - a beautifully updated classic all-brick bungalow in the sought-after Four Oaks Gate community. Nestled up against Four Oaks Gate Park and community green space, this home offers the perfect blend of family living, convenience, and investment potential. Enjoy your morning coffee on the charming front porch. Stroll throught the park just next door while taking in the vibrant neighbourhood atmosphere where kids play, pets roam with their owners, and neighbours connect. Inside, the spacious sun-filled living and dining area creates a warm and inviting space for everyday living and entertaining. The renovated kitchen, freshly paint throughout, updated flooring, and refreshed bathrooms make this home truly move-in ready.The lower level offers exceptional flexibility with two separate entrances, generous living space, new floors, and a renovated 3-piece bathroom - ideal for extended family, multi-generational living, a nanny suite, or income potential with a close-to-rent setup. Families will appreciate access to excellent local schools including Diefenbaker Elementary and Cosburn Middle School. Commuters will love the unbeatable convenience with TTC transit at your doorstep, easy connections to the subway, plus quick access to the Don Valley Parkway for effortless travel in and out of the city.Whether you're searching for a welcoming family home, a smart investment property, or a flexible living arrangement with income potential, this special property offers endless opportunity in one of East York's most connected and community-focused neighbourhoods. Don't miss your chance to own this exceptional home in desirable Four Oaks Gate.
Estimate your monthly payments for this property
Estimated Payment
$4,612.34/mo
Includes CMHC insurance ($25,082)
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.
388 O'Connor Drive, 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
Premium Pricing
At $1284/sqft, this property is priced above the Danforth average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 20 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.
Efficient Living
At 700 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $3,746 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.