$548,888 - 286 Main Street Unit 1906, Danforth
Condo for Sale in Danforth
Neighbourhood: Danforth
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- MLS Number
- E13761254
- Property Type
- Condo
- Status
- active
- Days on Site
- 28
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Danforth / East York
- Taxes (2026)
- $2,885
- Maintenance Fees
- $496/mo
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE TERREQUITY REALTY
Welcome to Lynx Condos! A stunning 1+1 bedroom, 2 bathroom suite offering breathtaking south-facing views of the city skyline and waterfront from the 19th floor. Newly built in 2024, this approximately 650 sq ft suite is vacant, move-in ready and available for immediate possession with a quick closing possible. Featuring 9-foot ceilings and stylish grey laminate flooring throughout, the spacious enclosed den with a door is ideal as a second bedroom or private office. The modern open-concept kitchen boasts quartz countertops and stainless steel appliances and overlooks the combined living and dining area with a walkout to a private balcony. The primary bedroom features a large closet and 3-piece ensuite with a glass-enclosed shower. Additional highlights include a mirrored foyer closet, Wi-Fi included in the maintenance fees, and a locker. Enjoy top-tier amenities including a 24-hour concierge, fitness center, workshare space, party lounge and more. Exceptional location with TTC at your door step and just minutes to Main Subway Station, Danforth GO, parks, trails, Greektown, shops, restaurants and easy access to major highways. An incredible opportunity to own a practically new suite with immediate occupancy available! Freshly painted.
Estimate your monthly payments for this property
Estimated Payment
$2,816.08/mo
Includes CMHC insurance ($15,314)
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
Danforth 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
- •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 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.
286 Main Street Unit 1906, 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
Fair Market Value
At $915/sqft, this property is priced in line with current Danforth 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 28 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 $496/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 600 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 Danforth
I know Danforth 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 $2,287 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.