$599,000 - 50 George Butchart Drive Unit 303, Downsview
Condo for Sale in Downsview
134 days on market- MLS Number
- W12755028
- Property Type
- Condo
- Status
- active
- Days on Site
- 134
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downsview / Black Creek
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- UNION CAPITAL REALTY
One of the largest suites in Mattamy's luxury residence at Downsview Park, this beautifully upgraded home offers an exceptional blend of space, privacy, and refined design. Encompassing872 sq. ft. including balcony, the suite is perfectly positioned at an ideal height-high enough for privacy, yet low enough to feel immersed in the lush landscaping and mature trees of the thoughtfully designed courtyard. The oversized private balcony delivers a rare backyard-like feel, making it an ideal extension of your living space for relaxing, entertaining, or unwinding in a tranquil setting. Over $15,000 in curated upgrades were invested where they matter most, including enhanced doors and trim, upgraded bathrooms, and a premium kitchen package. The gourmet kitchen is anchored by a centre island, offering both style and functionality-perfect for cooking, hosting, or casual dining. This stunning 2-bedroom, 2-bathroom suite features a highly practical and efficient layout, ideal for modern living. An added bonus is the extra-large parking space, a rare offering that comfortably fits two vehicles -- an exceptional convenience in condo living. Residents enjoy access to outstanding amenities, including a state-of-the-art fitness centre with yoga studio, indoor/outdoor party room, BBQ area, pet wash station, and 24-hour concierge service. All of this is set within one of Toronto's most vibrant green spaces, steps from Downsview Park. A rare opportunity to own a spacious, thoughtfully upgraded suite with premium features in a truly exceptional building
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
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.
50 George Butchart Drive Unit 303, 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
Fair Market Value
At $856/sqft, this property is priced in line with current Downsview 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.
Negotiation Opportunity
At 134 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.
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.
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 $2,496 (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.