$998,800 - 55 Thomas Mulholland Drive Unit 9, Downsview
Townhouse for Sale in Downsview
- MLS Number
- W13172184
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 18
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Downsview / Black Creek
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Modern End Unit Freehold Townhome Just Steps From Downsview & Stanley Greene Parks! This Exceptional 5+1 Bedroom, 4-Bathroom Residence With Unobstructed Views To The East, West & South Seamlessly Blends Contemporary Design With Everyday Convenience in the Heart of a Thriving Master-Planned Community Designed for Modern Living and Effortless Entertaining. With Approximately 2700 SF Including Outdoor Terraces And 2310 SF Of Interior Living Space (1944 Sf + 367 Sf), The Open-Concept Main Floor Showcases 9-Foot Ceilings, a Sophisticated White Kitchen Featuring Upgraded Quartz Countertops, a Spacious Centre Island, and a Walkout to a Private Patio Complete With a Convenient Gas BBQ Line.The Second Level Offers Three Generously Sized Bedrooms With Ample Closet Space and a Beautifully Appointed 4-Piece Bath. Retreat To The Third Floor Primary BedroomShowcasing His & Hers Closets and Beautiful 5-Pc Spa-Like Ensuite As Well As An Additional Bedroom/Office Area. The Top Level Features Two Expansive Rooftop Terraces Which Provide the Perfect Space to Relax and Enjoy Views Overlooking the Community. The Lower-Level Flex Space Offers Exceptional Versatility With Direct Access From the Private Garage, a 2-Piece Bath, Heated Floors, and Additional Storage - Ideal for a Home Office, Gym, or Guest Suite. Ample Storage Space With One Room On The Lower Level & A Second Area In The Garage. A True Nature Lover's Paradise, Surrounded by a 291-Acre Park Featuring Walking Trails, a Farmers' Market, Dog Park, Toboggan Hill, and a Serene Pond. Ideally Situated for Commuters With Quick Access to Highway 401, and Steps to TTC Transit Connecting to Downsview and Wilson Stations - Just a 20-Minute Ride to Union Station. Yorkdale Shopping Centre, Grocery Stores, and Everyday Amenities Are All Nearby.Perfect for Families and Active Lifestyles, This Vibrant Community Offers Playgrounds, Splash Pads, Skateparks, Basketball Courts, Pickleball, Tennis, Community Festivals, and So Much More.
Estimate your monthly payments for this property
Estimated Payment
$5,124.36/mo
Includes CMHC insurance ($27,867)
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 Thomas Mulholland Drive Unit 9, Downsview / Black Creek
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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
Competitive Pricing
At $499/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 18 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 Downsview have shown strong appreciation as families seek more space.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downsview.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $4,162 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.