$670,000 - 2055 Danforth Avenue Unit 404, The Beaches
Condo for Sale in The Beaches
Neighbourhood: Woodbine Corridor
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- MLS Number
- E13795742
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- The Beaches / Upper Beaches
- Taxes (2025)
- $2,526
- Maintenance Fees
- $552/mo
- Locker
- None
- Exposure
- North
- Balcony
- Juliette
- Listing Brokerage
- RE/MAX ULTIMATE REALTY INC.
Welcome to 2055 Danforth Ave., Unit 404, where vibrant city living meets comfort and convenience in the heart of the Danforth! This spacious and well-maintained 2-bedroom, 2-bathroom suite offers a functional layout and a welcoming atmosphere, perfect for first-time buyers, downsizers, or investors. Enjoy the energy and charm of the Danforth community, with an excellent selection of restaurants, cafés, shops, and everyday amenities just steps away. Ideally located at Woodbine & Danforth, with easy access to transit and just minutes from the beautiful Toronto Beaches. Residents also enjoy fantastic building amenities, including a gym, party room, welcoming lobby, and more. A wonderful opportunity to own in one of Toronto's vibrant and connected neighbourhoods!
Estimate your monthly payments for this property
Estimated Payment
$3,437.45/mo
Includes CMHC insurance ($18,693)
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 Woodbine Corridor
Woodbine Corridor 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 Corridor
- •Convenient location in The Beaches / Upper Beaches
- •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
Woodbine Corridor 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.
2055 Danforth Avenue Unit 404, The Beaches / Upper Beaches
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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
Fair Market Value
At $957/sqft, this property is priced in line with current The Beaches market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 20 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. The $552/month fees should cover building insurance, common elements, and reserve contributions.
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.
About Woodbine Corridor
I know Woodbine Corridor 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: The Beaches properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,792 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.