$890,000 - 4 Larchmere Avenue, Downsview
Detached for Sale in Downsview
- MLS Number
- W13216856
- Property Type
- Detached
- Status
- active
- Days on Site
- 20
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downsview / Black Creek
- Listing Brokerage
- RE/MAX EXPERTS
Located at 4 Larchmere Avenue in Toronto's desirable Humber Summit neighbourhood, this detached corner property presents a rare and flexible opportunity for investors or end-users seeking built-in rental income. Minutes from Islington Ave & Steeles Ave West for TTC bus routes, Hwy 400, Hwy 407, Hwy 427. 15 minute drive to York University and Subway access. The home sits on an expansive 70ft by 100ft lot in a quiet family-oriented area close to schools, parks, shopping, restaurants, places of worship and everyday amenities. Extra long driveway! Fully renovated, turn-key home with newer appliances. Separate entrance to self-contained basement apartment for in-law suite or rental income. Potential to build your own custom dream home on the extra-wide lot. The main level features a bright 2-bedroom, 2-bath layout with a generous primary bedroom complete with a 2-piece ensuite. The corner lot location provides oversized front and side yard areas, perfect for outdoor entertaining and enhancing overall curb appeal. The lower level offers a separate 2-bedroom, 1-bath unit with its own private rear entrance, updated finishes and newer appliances. Extra long driveway leading to separate garage. With a large backyard, excellent transit access and strong demand in the area for rental housing, this property represents a turnkey investment with future upside in one of Toronto's consistently sought-after pockets.
Estimate your monthly payments for this property
Estimated Payment
$4,566.16/mo
Includes CMHC insurance ($24,831)
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.
4 Larchmere Avenue, Downsview / Black Creek
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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
Premium Pricing
At $1271/sqft, this property is priced above the Downsview 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 Downsview 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.
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 Downsview. Good resale value as demand remains consistent.
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.