$1,399,900 - 84 Gough Avenue, Danforth
Detached for Sale in Danforth
- MLS Number
- E13181966
- Property Type
- Detached
- Status
- active
- Days on Site
- 19
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
This detached 2-storey home on a 25x130 ft lot in the highly sought-after Playter Estates is an exceptional opportunity to renovate, reimagine, or rebuild in one of Toronto's most established family neighbourhoods. Surrounded by beautifully renovated homes and custom builds, this property offers outstanding long-term potential for builders, renovators, investors, or end users looking to create their dream home. No tree issues to contend with. *** Featuring a separate basement entrance, deep lot, traditional layout, and rare 2-car rear parking pad off the laneway, the home is ready for its next chapter. Whether you're planning a major renovation, 4+1 or 6+1 unit multiplex, addition, top-up, or custom new build, the possibilities here are substantial. *** Located within the coveted Jackman Avenue Jr PS and Riverdale CI school catchments, and just steps to the Danforth. TTC Pape Station is approximately a 2-minute walk away (approx. 210m), with future upside from the upcoming Ontario Line currently under construction. Enjoy easy access to parks, restaurants, cafés, and local shops. A rare chance to secure a property in a premier east-end location with strong demand and enduring neighbourhood appeal. Property sold in as-is condition.
Estimate your monthly payments for this property
Estimated Payment
$6,192.23/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 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.
84 Gough Avenue, 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
Premium Pricing
At $1273/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.
Market Position
At 19 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.
Excellent Flexibility
With 5 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 Danforth.
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 $5,833 (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.