609 Mortimer Avenue, Toronto E03

Price: $899,900

4 bedrooms, 3 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: E13247002

This unbeatable detached bungalow nestled in the heart of East York. Fully renovated in 2021, Featuring a rarely offered legal second unit in the basement with nearly 8 feet ceiling, ideal for multi-generational living, extended family, or rental income. Equipped with two separate hydro meters at total 200-amp electrical service. The main floor boasts a bright bay window for maximum sunlight, and a primary bedroom with a private ensuite bathroom. Enjoy engineered hardwood flooring on the main level, new vinyl flooring in the basement, and fresh paint on both floors. Extensive upgrades include newer window, insulation, plumbing, electrical wiring, heating, furnace, A/C, and a tankless hot water system for year-round comfort. Upgraded Front railing for more safety. Exceptionally convenient neighborhood, just steps to the East York Civic Centre, Michael Garron Hospital, library, TTC, parks, and schools. Easy access to subway station, Woodbine Beach, the lakefront, downtown, highway. A fantastic opportunity to own a turnkey home with income potential in one of Toronto's most sought-after communities.

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active
New Listing
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$899,900 - 609 Mortimer Avenue, Danforth

Detached for Sale in Danforth

New — Listed 2 days ago
4Beds
3Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
E13247002
Property Type
Detached
Status
active
Days on Site
2
Bedrooms
4
Bathrooms
3
Square Feet
700 - 1,099 sqft
Neighbourhood
Danforth / East York
Listing Brokerage
HOMELIFE LANDMARK REALTY INC.
Description

This unbeatable detached bungalow nestled in the heart of East York. Fully renovated in 2021, Featuring a rarely offered legal second unit in the basement with nearly 8 feet ceiling, ideal for multi-generational living, extended family, or rental income. Equipped with two separate hydro meters at total 200-amp electrical service. The main floor boasts a bright bay window for maximum sunlight, and a primary bedroom with a private ensuite bathroom. Enjoy engineered hardwood flooring on the main level, new vinyl flooring in the basement, and fresh paint on both floors. Extensive upgrades include newer window, insulation, plumbing, electrical wiring, heating, furnace, A/C, and a tankless hot water system for year-round comfort. Upgraded Front railing for more safety. Exceptionally convenient neighborhood, just steps to the East York Civic Centre, Michael Garron Hospital, library, TTC, parks, and schools. Easy access to subway station, Woodbine Beach, the lakefront, downtown, highway. A fantastic opportunity to own a turnkey home with income potential in one of Toronto's most sought-after communities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,616.95/mo

Includes CMHC insurance ($25,107)

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5%10%50%

5-yr fixed avg.

Principal: $809,910Interest: $550,069
Mortgage Amount$835,017
Total Interest$550,069
Est. Property Tax$637/mo
Total Cost$1,385,086

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: Danforth / East York

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

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

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.

70
Walk Score
Varies
Price Range

609 Mortimer Avenue, Danforth / East York

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
3.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$637
Insurance (est.)-$187
Net Cash Flow+$2,376

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

Premium Pricing

At $1286/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.

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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Danforth. Good resale value as demand remains consistent.

Bathroom Count Matters

With 3 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.

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    609 Mortimer Avenue, Danforth /… — $899,900 | Battaglia Team