$845,000 - 52 Balfour Avenue, Danforth
Townhouse for Sale in Danforth
- MLS Number
- E13155614
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 26
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- REAL ESTATE HOMEWARD
Welcome to 52 Balfour Ave - now offered at a truly amazing price for a move in ready home WITH parking and a finished basement with 6'8" ceiling height. From the moment you arrive, the home's charm is undeniable. The front exterior features original unpainted brick, a classic wooden storm door, and a cozy seating area-perfect for your morning coffee. Inside, the main floor is both spacious and inviting. The living area comfortably fits a large sectional and is ideal for entertaining, while the dining space flows seamlessly into a thoughtfully updated kitchen with quartz countertops, updated appliances, and double French doors. Step outside to a beautiful backyard, complete with the convenience of private parking. Upstairs, you'll find two well-proportioned bedrooms connected by a large Jack-and-Jill bathroom. The primary retreat offers generous closet space and a sun-filled window bench - an ideal spot to unwind. The second bedroom provides flexibility as a guest room, nursery, or home office. One of the home's standout features is the rear parking with direct access to a walkout basement. With high ceiling heights (approximately 6'8" - a huge selling point), this level functions perfectly as secondary living space, an additional bedroom, or an office and still has ample room for storage. The separate entrance, basement washroom, and natural separation from the main floor also creates an excellent opportunity for short-term rental income (Air BNB) or a comfortable guest suite. Located just a five-minute walk to Main Subway Station, the Danforth, and the GO Station, commuting and city access couldn't be easier. A rare opportunity to enter the market with space, character, income potential, and parking - 52 Balfour checks all the boxes.
Estimate your monthly payments for this property
Estimated Payment
$4,335.29/mo
Includes CMHC insurance ($23,576)
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.
52 Balfour Avenue, Danforth / East York
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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
Premium Pricing
At $1207/sqft, this property is priced above the Danforth 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 26 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Danforth have shown strong appreciation as families seek more space.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $3,521 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.