140 Barker Avenue, Toronto E03

Price: $499,900

3 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: E14094706

Location, Location, Location! Attention Builders, Contractors & Investors! Here is your rare opportunity to own a prime 25 x 106 ft lot in the highly sought-after Woodbine-Lumsden neighbourhood of East York. Nestled on a quiet, family-friendly street surrounded by numerous million-dollar custom new builds, this deep property offers endless potential to build your dream home from the ground up or undertake a major renovation. Unbeatable location just minutes to Woodbine and Main Street Subway Stations, Danforth GO, and quick access to the DVP for an easy downtown commute. Enjoy fantastic local amenities steps away at Stan Wadlow Park, Taylor Creek Park trails, East York Community Centre, Michael Garron Hospital, and the vibrant shops, cafes, and dining along The Danforth. Property and all chattels/fixtures are being sold in strictly "As Is, Where Is" condition without representation or warranty. Don't miss this incredible opportunity to build or invest in a rapidly transforming East End community!

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New Listing
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$499,900 - 140 Barker Avenue, Danforth

Detached for Sale in Danforth

New — Listed 3 days ago

Neighbourhood: Woodbine-Lumsden

3Beds
1Baths
700 - 1,099Sq Ft
Detached

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Property Details
MLS Number
E14094706
Property Type
Detached
Status
active
Days on Site
3
Bedrooms
3
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
Danforth / East York
Taxes (2026)
$5,678
Listing Brokerage
ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Description

Location, Location, Location! Attention Builders, Contractors & Investors! Here is your rare opportunity to own a prime 25 x 106 ft lot in the highly sought-after Woodbine-Lumsden neighbourhood of East York. Nestled on a quiet, family-friendly street surrounded by numerous million-dollar custom new builds, this deep property offers endless potential to build your dream home from the ground up or undertake a major renovation. Unbeatable location just minutes to Woodbine and Main Street Subway Stations, Danforth GO, and quick access to the DVP for an easy downtown commute. Enjoy fantastic local amenities steps away at Stan Wadlow Park, Taylor Creek Park trails, East York Community Centre, Michael Garron Hospital, and the vibrant shops, cafes, and dining along The Danforth. Property and all chattels/fixtures are being sold in strictly "As Is, Where Is" condition without representation or warranty. Don't miss this incredible opportunity to build or invest in a rapidly transforming East End community!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,564.75/mo

Includes CMHC insurance ($13,947)

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5-yr fixed avg.

Principal: $449,910Interest: $305,567
Mortgage Amount$463,857
Total Interest$305,567
Est. Property Tax$354/mo
Total Cost$769,424

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.

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Neighbourhood Guide: Woodbine-Lumsden

Discover Woodbine-Lumsden

Woodbine-Lumsden 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 Woodbine-Lumsden

  • •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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Woodbine-Lumsden 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.

70
Walk Score
Varies
Price Range

140 Barker Avenue, Danforth / East York

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
5.6%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$354
Insurance (est.)-$104
Net Cash Flow+$2,342

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $714/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Danforth's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

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.

About Woodbine-Lumsden

I know Woodbine-Lumsden well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    140 Barker Avenue, Danforth / East York | $499,900 | Battaglia Team