$597,800 - 1401 O'connor Drive Unit 702, Danforth
Condo for Sale in Danforth
39 days on marketNeighbourhood: O'Connor-Parkview
- MLS Number
- E13566378
- Property Type
- Condo
- Status
- active
- Days on Site
- 39
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 500 sqft
- Neighbourhood
- Danforth / East York
- Locker
- Owned
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- SUTTON GROUP-HERITAGE REALTY INC.
Welcome to 1401 O'Connor Drive, Suite 702-a rare top-floor residence offering one of the most desirable features in condominium living: an exceptional 300 sq. ft. private terrace with unobstructed southeast views. Expansive floor-to-ceiling windows fill this spacious two-bedroom, two-bathroom suite with natural light, while the functional open-concept layout offers comfortable everyday living and effortless entertaining. Offered fully furnished and move-in ready, the suite also includes ensuite laundry, one owned parking space, and a private locker. The private terrace is the defining feature of this home-an outdoor living space rarely found in condominium living. Whether you're enjoying your morning coffee, entertaining family and friends, dining outdoors, or simply relaxing at the end of the day, this remarkable space becomes a true extension of your home and a lifestyle feature that sets Suite 702 apart. Situated in a well-managed boutique condominium, residents enjoy a welcoming community atmosphere with convenient access to the Don Valley Parkway, Highway 401, TTC, shopping, cafés, restaurants, parks, and the many amenities that make East York one of Toronto's most established and convenient neighbourhoods.Suite 702 offers a rare opportunity to enjoy top-floor living, exceptional outdoor space, and the convenience of a turnkey residence-all in one of Toronto's most connected communities. Your Condo - Your Home - Your Lifestyle
Estimate your monthly payments for this property
Estimated Payment
$3,067.02/mo
Includes CMHC insurance ($16,679)
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 O'Connor-Parkview
O'Connor-Parkview 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 O'Connor-Parkview
- •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
O'Connor-Parkview 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.
1401 O'connor Drive Unit 702, 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
Premium Pricing
At $1196/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 39 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 500 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.
About O'Connor-Parkview
I know O'Connor-Parkview 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.
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 $2,491 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.