$3,900,000 - 61 Dane Avenue, York
Detached for Sale in York
Popular Listing- MLS Number
- W13254624
- Property Type
- Detached
- Status
- active
- Days on Site
- 8
- Bedrooms
- 9
- Bathrooms
- 5
- Square Feet
- 5,000+ sqft
- Neighbourhood
- York / Weston
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Welcome to 61 Dane Avenue, a custom-built transitional-style residence offering approximately 7,360 sq. ft. of finished living space, including a fully finished lower level. Situated on a 60 x 125 ft. lot, this home features 5+4 bedrooms and 6 bathrooms with a functional layout designed for multi-generational living and entertaining. The main level offers a spacious kitchen with a large center island, adjoining dining, living and family rooms with approximately 11-foot ceilings, a main-floor office, and a 3-piece bathroom. Natural light fills the home through six skylights, while large-plank hardwood flooring, a floating staircase with glass railings, a gas fireplace, and numerous pot lights contribute to the home's contemporary design. The finished lower level features a separate entrance and walkout to the rear yard, four additional bedrooms, a second kitchen, and a large recreation area, offering flexible living arrangements. The private backyard and generous lot size provide ample outdoor space. Conveniently located near shopping, public transit, schools, parks, and major transportation routes, including Lawrence West Subway Station, Allen Road, and Yorkdale Shopping Centre. As per Seller, the lower level is currently generating approximately $8,000 per month in rental income.
Estimate your monthly payments for this property
Estimated Payment
$17,251.02/mo
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 York / Weston
York / Weston 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 York / Weston
- •Convenient location in York / Weston
- •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
York / Weston 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.
61 Dane Avenue, York / Weston
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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 $780/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.
Detached Home Advantages
Detached homes in York 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.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 9 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 York.
Bathroom Count Matters
With 5 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: York properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $16,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.