$1,698,000 - 39 Coleridge Avenue, Danforth
Detached for Sale in Danforth
- MLS Number
- E13155376
- Property Type
- Detached
- Status
- active
- Days on Site
- 25
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Step inside this stunning modern residence flooded with natural light that offers the perfect blend of sophistication and everyday functionality. Featuring 3+1 bedrooms and 4 bathrooms, this thoughtfully designed home showcases soaring ceilings, expansive windows, and an exceptional open-concept floor plan designed for effortless living and entertaining. The main level seamlessly connects the elegant living and family rooms to a large designer kitchen complete with a built-in wine fridge, abundant pantry storage, extensive cabinetry, and oversized prep space - ideal for both casual family living and hosting in style. Upstairs, the luxurious primary retreat feels like a private sanctuary, featuring a walk-out balcony, generous custom closet space, and a spa-inspired 5-piece ensuite with double vanity and deep soaking tub. Every room in the home is bright, airy, and intentionally designed with comfort and functionality in mind. Three skylights ensure light fills the home year-round. Complete with upstairs laundry for the utmost convenience. The fully finished walk-out lower level offers incredible versatility with the potential to create a separate income-generating basement apartment, guest suite, or multigenerational living space. The current pantry has the washer/dryer hookup ready. The low maintenance backyard oasis complete with a gas line for your BBQ and fire table to enjoy immediately. Enjoy having a private garage, and exceptional storage throughout, this home truly doesn't miss in one of the city's most convenient and connected neighbourhoods. An unbeatable location just steps to Woodbine Subway Station and the Danforth for shops, and restaurants. A great family friendly neighbourhood with access to the wonderful Stan Wadlow Park & Taylor Creek Trail. Plus, Danforth GO Station is only minutes away!
Estimate your monthly payments for this property
Estimated Payment
$7,510.83/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.
39 Coleridge 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 $1132/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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Danforth. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 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 $7,075 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.