$699,000 - 55 Joanith Drive, Danforth
Detached for Sale in Danforth
New — Listed 2 days ago- MLS Number
- E13235774
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Welcome to 55 Joanith Dr! An ideal starter home offering exceptional potential and endless possibilities - move in, renovate, or build your dream home in one of East York's sought-after family-friendly neighbourhoods. This well-maintained brick bungalow features 2 bedrooms, 1 bathroom, a detached one-car garage, and a separate basement entrance. Ideally situated just steps from Topham Park, a beloved community hub with baseball diamonds, playgrounds, a splash pad, and a wading pool, this home offers an outstanding opportunity in a vibrant, family-oriented community. Situated on a generous 33 x 100 ft lot, this home offers unbeatable convenience, just minutes to the DVP, perfectly positioned between the subway and the new LRT, steps to TTC, and to the scenic Taylor Creek Park trails, perfect for biking, walking, and commuting through Toronto's scenic ravine system. This detached home features original hardwood floors, a bright, generously sized living and dining room, and good-sized bedrooms with closets. The basement includes a large recreation room that can also be used as a 3rd bedroom or home office, plus a large workshop/utility area. Private driveway with a large detached garage for convenient parking. Enjoy the outdoors in the spacious, fully fenced and private backyard featuring a custom covered outdoor bar & BBQ serving area, ideal for summer entertaining and gatherings.
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
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.
55 Joanith Drive, Danforth / East York
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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 $999/sqft, this property is priced in line with current Danforth 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 Danforth'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.
Detached Home Advantages
Detached homes in Danforth are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
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: Danforth properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,913 (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.