55 De Boers Drive Unit Ph11, Toronto W05

Price: $465,000

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: W13174868

Corner Penthouse Unit With Stunning Views! Welcome to this beautifully upgraded 1 Bedroom, 1 Bathroom corner penthouse in the heart of North York, complete with underground parking and located directly across the street from the Sheppard West TTC Subway Station - a commuter's dream! This bright and spacious unit features an excellent open layout with large windows that flood the space with natural light and showcase gorgeous city views. Stylish upgrades throughout the home, including modern pot lights, elegant light fixtures, upgraded faucets, crown molding, baseboards, and more, creating a polished and move-in ready space. Enjoy cooking and entertaining in a thoughtfully designed living area while taking in the skyline from your penthouse vantage point. The building offers fantastic amenities and unbeatable convenience with transit, shopping, dining, and major highways all just minutes away. Whether you're a first-time buyer, investor, or looking to downsize, this unit checks all the boxes. Rare corner penthouse units like this don't come often - this one won't last long. Book your private showing today!

55 De Boers Drive Unit Ph11 - Condo photo 1 of 36 in Downsview / Black Creek, Ontario
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$465,000 - 55 De Boers Drive Unit Ph11, Downsview

Condo for Sale in Downsview

1Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
W13174868
Property Type
Condo
Status
active
Days on Site
23
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Downsview / Black Creek
Locker
None
Exposure
North East
Balcony
Open
Listing Brokerage
ONE PERCENT REALTY LTD.
Description

Corner Penthouse Unit With Stunning Views! Welcome to this beautifully upgraded 1 Bedroom, 1 Bathroom corner penthouse in the heart of North York, complete with underground parking and located directly across the street from the Sheppard West TTC Subway Station - a commuter's dream! This bright and spacious unit features an excellent open layout with large windows that flood the space with natural light and showcase gorgeous city views. Stylish upgrades throughout the home, including modern pot lights, elegant light fixtures, upgraded faucets, crown molding, baseboards, and more, creating a polished and move-in ready space. Enjoy cooking and entertaining in a thoughtfully designed living area while taking in the skyline from your penthouse vantage point. The building offers fantastic amenities and unbeatable convenience with transit, shopping, dining, and major highways all just minutes away. Whether you're a first-time buyer, investor, or looking to downsize, this unit checks all the boxes. Rare corner penthouse units like this don't come often - this one won't last long. Book your private showing today!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,385.69/mo

Includes CMHC insurance ($12,974)

$
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5%10%50%

5-yr fixed avg.

Principal: $418,500Interest: $284,234
Mortgage Amount$431,474
Total Interest$284,234
Est. Property Tax$329/mo
Total Cost$715,707

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.

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Neighbourhood Guide: Downsview / Black Creek

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

55 De Boers Drive Unit Ph11, Downsview / Black Creek

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
2.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$325
Property Tax (est.)-$329
Insurance (est.)-$97
Net Cash Flow+$1,049

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $930/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.

Market Position

At 23 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.

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 500 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.

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.

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    55 De Boers Drive Unit Ph11 | $465,000 | Battaglia Team