$949,900 - 972 Cosburn Avenue, Danforth
Detached for Sale in Danforth
34 days on market- MLS Number
- E13121820
- Property Type
- Detached
- Status
- active
- Days on Site
- 34
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
**Stunning Fully Renovated East York Bungalow with Separate Basement Apartment, Rental Income Potential & Rare Laneway Garage. Exceptional opportunity to own a fully renovated bungalow in the heart of East York featuring 2 self-contained units with separate entrances - perfect for investors, first-time buyers, couples seeking a mortgage helper, multi-generational families, or anyone looking for a turnkey Toronto income property. Extensively renovated top-to-bottom in 2020 with permits and over $250K in premium upgrades, this move-in ready home offers modern open-concept living, designer finishes, chef-inspired kitchens, and full-size washer/dryers on both levels. The bright main floor is ideal for entertaining, while the beautifully finished lower-level suite provides incredible flexibility for rental income, extended family, or private guest space. Previously rented for $1,800/month, the vacant basement apartment offers immediate income potential and an excellent opportunity to offset mortgage costs or maximize investment returns in Toronto's competitive real estate market. This East York home also features a beautifully landscaped low-maintenance backyard with premium astro turf and a rare rear land extension leading to a private detached garage with laneway access - a highly desirable feature rarely found in the area.Located close to TTC, the Danforth, Taylor Creek trails, Stan Wadlow Park, East York Community Centre, schools, shopping, restaurants, biking trails, and major commuter routes. Whether you are searching for a Toronto duplex alternative, house with basement apartment, income-generating property, multigenerational home, investment property in East York, or a beautifully renovated bungalow with rental income potential, this property truly checks every box.
Estimate your monthly payments for this property
Estimated Payment
$4,873.48/mo
Includes CMHC insurance ($26,502)
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.
972 Cosburn 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 $1357/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 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.
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.
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 $3,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.