$999,900 - 79 King Edward Avenue, Danforth
Detached for Sale in Danforth
36 days on market- MLS Number
- E13109116
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- RE/MAX WEST REALTY INC.
Charming Detached 3-Bedroom Home In Highly Sought-After Woodbine-Lumsden. This Inviting Home Features An Enclosed Front Porch-Perfect For Relaxing Summer Days-And A Spacious Living Room With Beautiful Built-In Cabinetry, Ideal For Both Everyday Living And Showcasing Your Décor. The Large Formal Dining Room Is Filled With Natural Light, Creating The Perfect Setting For Family Gatherings And Entertaining. The Renovated "Aya" Kitchen (Approx. 15 Years Ago) Offers Custom Cabinetry, Granite Countertops, And Stainless Steel Appliances Including A 5 Burner Gas Stove. The Basement Is Double Concrete Thick Foundation And Includes A Generous Rec Room, A Utility/Laundry Area, And A Convenient 1-Piece Bath, With Plenty Of Additional Storage Space. Enjoy Dual Entry Access, A Private Backyard With Canopy, A Large 8X10 Garden Shed, And Rear Parking For Added Convenience And Safety. Location, Location, Location! Situated In A Family-Friendly Neighbourhood Just Steps To Stan Wadlow Park And Taylor Creek Park With Scenic Trails And Green Space. Walking Distance To Danforth Avenue Offering A Variety Of Shops, Cafes, And Restaurants. Close To Top-Rated Schools Including D.A. Morrison Middle School And East York Collegiate Institute. Convenient Access To Public Transit Including The TTC Subway Line 2 Bloor-Danforth, Making Commuting Downtown A Breeze. Nearby Grocery Options Include No Frills, Loblaws, And Metro. A Fantastic Opportunity To Own A Solid, Well-Maintained Home In A Vibrant And Convenient East York Community!
Estimate your monthly payments for this property
Estimated Payment
$5,130.01/mo
Includes CMHC insurance ($27,897)
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.
79 King Edward Avenue, Danforth / East York
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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
Fair Market Value
At $909/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.
Market Position
At 36 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.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $4,166 (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.