224 O' Connor Drive, Toronto E03

Price: $888,000

3 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: E13865986

A cherished family home for more than three decades, this traditional brick bungalow has preserved the character and proportions of its time. Offering 2 bedrooms with closets, a recreation room, 2 washrooms, a kitchen with stainless steel appliances, a detached garage with laneway access, and a curated front and backyard, the home presents a rare opportunity to reimagine and make it your own. French doors provide a walkout to the deck, extending the living space into the backyard.Offering long-term qualities such as solid bones, good proportions, and a traditional layout, this is a true canvas to thoughtfully revive a classic East York bungalow while preserving the character that makes it special. Set in one of East York's more established pockets, known as the Golden Triangle, the property is ideally positioned close to the local community centre, parks, schools, neighbourhood shops and restaurants along the Danforth, public transit, the DVP, and the trails of the Don Valley. The future Cosburn subway station adds another attractive feature, bringing the promise of enhanced connectivity and further strengthening the neighbourhood's lifestyle and investment potential, with downtown Toronto just a short drive away. A home with character and potential-ready for its next chapter. For those who appreciate the value of a well-positioned property with room to transform, this is an opportunity worth exploring.

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active
New Listing
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$888,000 - 224 O' Connor Drive, Danforth

Detached for Sale in Danforth

New — Listed yesterday

Neighbourhood: East York

3Beds
2Baths
700 - 1,099Sq Ft
Detached

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Property Details
MLS Number
E13865986
Property Type
Detached
Status
active
Days on Site
1
Bedrooms
3
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Danforth / East York
Taxes (2026)
$4,450
Listing Brokerage
RE/MAX HALLMARK REALTY LTD.
Description

A cherished family home for more than three decades, this traditional brick bungalow has preserved the character and proportions of its time. Offering 2 bedrooms with closets, a recreation room, 2 washrooms, a kitchen with stainless steel appliances, a detached garage with laneway access, and a curated front and backyard, the home presents a rare opportunity to reimagine and make it your own. French doors provide a walkout to the deck, extending the living space into the backyard.Offering long-term qualities such as solid bones, good proportions, and a traditional layout, this is a true canvas to thoughtfully revive a classic East York bungalow while preserving the character that makes it special. Set in one of East York's more established pockets, known as the Golden Triangle, the property is ideally positioned close to the local community centre, parks, schools, neighbourhood shops and restaurants along the Danforth, public transit, the DVP, and the trails of the Don Valley. The future Cosburn subway station adds another attractive feature, bringing the promise of enhanced connectivity and further strengthening the neighbourhood's lifestyle and investment potential, with downtown Toronto just a short drive away. A home with character and potential-ready for its next chapter. For those who appreciate the value of a well-positioned property with room to transform, this is an opportunity worth exploring.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,555.90/mo

Includes CMHC insurance ($24,775)

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5-yr fixed avg.

Principal: $799,200Interest: $542,795
Mortgage Amount$823,975
Total Interest$542,795
Est. Property Tax$629/mo
Total Cost$1,366,770

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: East York

Discover East York

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 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

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

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.

70
Walk Score
Varies
Price Range

224 O' Connor Drive, 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)
2.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$629
Insurance (est.)-$185
Net Cash Flow+$1,986

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

Premium Pricing

At $1269/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.

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 East York

I know East York 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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