$993,000 - 4 King Edward Avenue, Danforth
Semi-Detached for Sale in Danforth
160 days on market- MLS Number
- E12674200
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 160
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Welcome to 4 King Edward Avenue, 3 bedroom, semi-detached home set on a professionally landscaped 126ft deep lot is in move in condition and located in a quiet, family friendly neighbourhood known for its community feel and everyday convenience. This well-cared-for residence in a prime Toronto location is in move-in condition and offers a functional layout with 3/4 inch oak hardwood flooring throughout both the main & second levels. This home presents an excellent opportunity for buyers to update and personalize. The main level boasts many windows, an open concept living/dining area with crown molding and pot lights, and the updated kitchen includes granite counters, white modern cabinets, s/s appl's, gas stove, tile backsplash, undermount lighting, a glass front display cabinet, a pantry, pot lights, new fridge and dishwasher.and a rough-in for a wash/dryer. Upstairs, the 2nd floor offers 3 bdrms, all with closets, hardwood flrs & a four-piece bath with updated cabinetry & granite countertop. The primary bedrm features a picture window, flat ceilings, & double closet storage. The finished basement features a three-piece bathroom, a recently renovated flex/laundry room with rough-in for fridge/stove, pot lights and a separate walk-up entrance to the backyard - offering excellent potential for future income possibilities / in-law suite. Recent exterior updates include new shingles on the front, back, and rear, brand-new eavestroughs and soffits, vinyl siding with a brick second storey, 100 amp service, flat roof installed in '20, and a newly-built 200 sqft (approx.) deck. Ideally located just a short walk to the subway! Adjacent to school/Glenhill park, shops, restaurants, farmers markets, and transit - all minutes away. Don't miss this fantastic opportunity! Hot water tank is owned.
Estimate your monthly payments for this property
Estimated Payment
$5,094.60/mo
Includes CMHC insurance ($27,705)
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.
4 King Edward 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 $903/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 160 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.
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.
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 $4,138 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.