$939,000 - 326 Cedarvale Avenue, Danforth
Detached for Sale in Danforth
Neighbourhood: Woodbine-Lumsden
- MLS Number
- E13419412
- Property Type
- Detached
- Status
- active
- Days on Site
- 28
- Bedrooms
- 4
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Unlock the potential of this detached East York gem! Cherished by the same owners for three decades, this 2-storey home presents an exceptional opportunity to renovate, reimagine, and create something truly special. Situated on a quiet, one-way street, this detached home sits on a 25-foot lot and offers the ideal canvas for renovators, investors, end users, and growing families alike.Featuring 3+1 bedrooms, generous principal rooms, and a functional family layout, the home offers excellent bones and endless possibilities. Large east- and west-facing windows fill the interior with natural light, while the spacious room sizes provide flexibility for modern living. Whether you're looking to undertake a thoughtful renovation, create your forever home, or add value through strategic improvements, the opportunities here are abundant.The private driveway with parking is a rare and valuable feature, while the potential for a future garden suite (see attached analysis) further enhances the property's long-term appeal and versatility.Ideally located in one of East York's most sought-after neighbourhoods, just steps to schools, parks, Taylor Creek trails, public transit, the DVP, and the vibrant shops, cafés, and restaurants of the Danforth. A rare opportunity to secure a detached home in a prime location and bring your vision to life.Whether you're a first-time buyer looking to build equity, a growing family seeking more space, or an investor searching for your next project, 326 Cedarvale Avenue offers outstanding potential in an exceptional neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$4,817.56/mo
Includes CMHC insurance ($26,198)
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-Lumsden
Woodbine-Lumsden 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-Lumsden
- •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
Woodbine-Lumsden 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.
326 Cedarvale Avenue, Danforth / East York
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Rental income estimator & ROI calculator
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 $854/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.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Danforth. Good resale value as demand remains consistent.
About Woodbine-Lumsden
I know Woodbine-Lumsden 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 $3,913 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.