$1,849,000 - 3 Holmstead Avenue, Danforth
Detached for Sale in Danforth
126 days on market- MLS Number
- E12772188
- Property Type
- Detached
- Status
- active
- Days on Site
- 126
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE SUSAN GUCCI REALTY
Custom All-Brick Family Home in Topham Park. Built for the owner's own use with careful attention to detail, this solid all-brick home delivers space, function, and comfort for real family living. The main floor features a stunning open-concept layout with a chef-inspired kitchen, dining, and family room combined - ideal for both everyday life and entertaining. Tall ceilings, hardwood floors, large windows, and a skylight bring natural light throughout.The home offers 7 bedrooms in total (4 up + 3 down), making it ideal for larger families or multigenerational living. A separate side entrance provides rental potential or the option for a fully self-contained in-law suite. The principal bedroom is a private retreat with a walk-in closet, spa-style ensuite with soaker tub and rain shower, and a private balcony for morning coffee. The second floor includes two full bathrooms plus one half bathroom and convenient laundry. A covered porch off the main living area extends your everyday space - perfect for unwinding in the shade, enjoying summer rain showers, or watching kids play in the generous, fully fenced backyard.Located on a quiet, well-loved street in Topham Park, a neighbourhood where families stay long-term and many homes are being rebuilt, making this a sound investment. Walk to Topham Park for playgrounds, splash pad, baseball, soccer, pickleball, and community programs at the clubhouse. Enjoy the best mix of big-box and boutique shopping nearby, easy DVP access, and convenient travel with both the subway and LRT within reach. A rare opportunity to own a thoughtfully built home in a family-first community. ** OPEN HOUSE SAT APR 4 & SUN APR 5, 2-4pm **
Estimate your monthly payments for this property
Estimated Payment
$8,178.75/mo
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 / East York
Danforth / 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 Danforth / 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
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 / 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.
3 Holmstead Avenue, 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 $925/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.
Negotiation Opportunity
At 126 days on site, this property has exceeded the typical selling timeline for Danforth. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Danforth.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $7,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.