$699,000 - 43 Lanyard Road, Downsview
Semi-Detached for Sale in Downsview
New — Listed 3 days ago- MLS Number
- W13443738
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Downsview / Black Creek
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Opportunity knocks at 43 Lanyard Rd! Whether you're an investor, renovator, first-time buyer, or someone looking to build equity, this property offers outstanding potential at an affordable price point. Featuring a spacious backsplit layout with 5 bedrooms, 2 kitchens, and separate side entrance access to both the main and lower levels, this home offers exceptional flexibility for extended family living, an in-law suite, or future income potential. With the addition of a simple partition wall, the layout lends itself perfectly to a potential 2-bedroom upper unit and 2+1 bedroom lower unit configuration (buyer to conduct their own due diligence regarding future use). Generous principal rooms, soaring lofted ceilings, and a functional floor plan provide the perfect canvas for your renovation ideas and personal touches. Whether you're looking to create your dream home or a strong income-producing property, the upside here is undeniable. Outside, you'll find one of the deepest lots on the street, offering plenty of space for outdoor entertaining, gardening, or simply enjoying your own private backyard retreat. The detached workshop/shed is an added bonus and has all the makings of the ultimate workshop, hobby space, storage area, or future man cave. New metal roof 2025. Conveniently located close to shopping, restaurants, schools, parks, transit, and major highways, this is a rare opportunity to purchase a property with tremendous potential in an established neighbourhood.Bring your imagination, your toolbox, and your vision. The possibilities are endless.
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
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.
43 Lanyard Road, 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
Competitive Pricing
At $635/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Downsview's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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.
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 $2,913 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.