$649,000 - 50 George Butchart Drive Unit 507, Downsview
Condo for Sale in Downsview
New — Listed yesterday- MLS Number
- W13432740
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downsview / Black Creek
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to this rare corner suite featuring bright and spacious 2 full bedrooms (the second is a true bedroom-not a den conversion), with 2 upgraded 4pc bathrooms, 2 private balconies- one overlooking Downsview Park, pond, while the other showcases panoramic Toronto skyline and CN Tower views, with spectacular sunrise and sunsets views. Includes one oversized parking space (fits up to 2 compact cars) and a private locker. The open-concept layout features high ceilings, floor-to-ceiling windows, upgraded vinyl flooring, custom lighting, and insulated wall panels. The modern kitchen boasts quartz countertops, upgraded cabinetry, stainless steel appliances, under-cabinet lighting, and a premium water filtration system. Maintenance fees include high-speed internet. Ideally located steps to Downsview Park, Keele & Finch West Subway, York University, Yorkdale Mall, Humber River Hospital, Hwy 401 & 400 and more. Exceptional amenities include a massive fitness zone (gym, yoga, boxing, spin studio) , kids' play area, games room, party room, dining room, outdoor BBQ patio, and study/ co-working spaces. A rare opportunity to own a bright, spacious, upgraded corner suite in one of Toronto's most convenient and connected communities. This home truly has it all - Location, Space, Upgrades, and Value!!
Estimate your monthly payments for this property
Estimated Payment
$3,329.71/mo
Includes CMHC insurance ($18,107)
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 507, 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 $927/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.
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.
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 $2,704 (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.