$574,888 - 55 De Boers Drive Unit 506, Downsview
Condo for Sale in Downsview
141 days on market- MLS Number
- W12724574
- Property Type
- Condo
- Status
- active
- Days on Site
- 141
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downsview / Black Creek
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- RE/MAX NOBLECORP REAL ESTATE
Welcome to 55 De Boers Dr. #506, a newly renovated and move-in ready 1 bedroom + den condo with modern finishes in the prime North York location! Bright open-concept layout with vinyl commercial grade flooring throughout, smooth ceilings throughout, contemporary lighting, large windows that bring in plenty of natural light and ample space for a full dining table, perfect for hosting. The modern kitchen features quartz countertops with waterfall, quartz backsplash, oversized island with breakfast bar, sleek white cabinetry with stainless steel appliances. Enjoy your coffee while relaxing and watching the unobstructed beautiful sunset views from the private oversized 97 sq ft balcony. The primary bedroom features a stylish feature wall, a walk-in closet and large window with clear views. A spacious den that easily functions as a home office or a second bedroom. Modern 4 pc bathroom with clean, updated finishes. Steps to Subway Station, TTC, minutes to Yorkdale Shopping Centre, Costco, York University, restaurants, shops, Highways 401 & 400 and much more! Condo building has full amenities including 24-hour concierge, gym, indoor pool, sauna, media and party room, business centre, guest suites, and visitor parking. Includes 1 parking, 1 locker, and all utilities except hydro. Excellent opportunity for first-time buyers or investors seeking value, location, and future potential
Estimate your monthly payments for this property
Estimated Payment
$2,949.47/mo
Includes CMHC insurance ($16,039)
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.
55 De Boers Drive Unit 506, Downsview / Black Creek
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
Fair Market Value
At $958/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 141 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 600 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 $2,395 (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.