$2,049,000 - 850 Cosburn Avenue, Danforth
Detached for Sale in Danforth
34 days on market- MLS Number
- E13120250
- Property Type
- Detached
- Status
- active
- Days on Site
- 34
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Custom-built and truly one-of-a-kind, this East York backsplit offers approximately 4,200 sq. ft. of beautifully designed living space, including 3,005 sq. ft. above grade, a legal basement unit, and a 432 sq. ft. rooftop terrace. The open-concept main floor features soaring 10-ft ceilings, floor-to-ceiling windows, a warm family-room fireplace, and a modern chef's kitchen with waterfall island, gas cooktop, and premium built-in appliances. Upstairs, 4 bedrooms, 3 bathrooms, central skylights, upper-level laundry, a top-floor office area, and a private bedroom suite with direct access to the oversized rooftop terrace create an ideal layout for both family living and entertaining. The primary retreat includes its own fireplace, soaker tub, and double vanity, while the legal basement unit offers a separate entrance, private laundry and comes fully furnished - providing excellent flexibility for extended family, guest accommodations, or potential rental income. Complete with built-in security cameras, potential 2-car driveway parking, a fenced backyard with low-maintenance composite deck, and a generous 28 x 110 ft lot, this home is steps to Woodbine Subway, Danforth GO, parks, schools, Sobeys, Danforth amenities, and minutes to the DVP, Woodbine Beach, and Downtown Toronto.
Estimate your monthly payments for this property
Estimated Payment
$9,063.42/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.
850 Cosburn 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
Competitive Pricing
At $585/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 34 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.
Larger Home Realities
At 3,500 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 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.
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.