493 Mortimer Avenue, Toronto E03

Price: $999,000

3 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Semi-Detached

MLS#: E14098312

You'll fall in love with this one! Immaculately maintained, this 3 bed East York semi is the ideal home for growing families and anyone looking for community and easy connectivity to the city. Private drive with more than ample space to fit 2 large cars (tandem). Open and bright main floor with hardwood floors includes space to relax and gather, and a generously sized kitchen with great storage and brand new counters. Side entrance includes a convenient mudroom/pantry combination, and walks out to a peaceful private backyard, a fantastic spot to hang out and enjoy the outdoors. A large shed offers great auxiliary storage. 3 bedrooms including a spacious primary bedroom and wall-to-wall closets, a renovated bathroom and hardwood floors throughout the upper level. Lowered underpinned basement with high ceilings, built in speakers, pot lights, beautiful 3pc modern bathroom with heated floors, is perfect as a secondary gathering space or home office. Upgraded electrical (200 amp service), upgraded siding, upgraded insulation, 2023 sloped roof, upgraded main waterline, BBQ hookup in backyard and EV ready driveway. Simply move in and enjoy! Steps to Michael Garron Hospital, parks, transit (or a 15 min walk to Greenwood subway station), the farmer's market, East York Civic Centre, library, local cafes/restaurants, shops/dining along the Danforth.

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New Listing
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$999,000 - 493 Mortimer Avenue, Danforth

Semi-Detached for Sale in Danforth

New — Listed 2 days ago

Neighbourhood: Danforth Village-East York

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

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Property Details
MLS Number
E14098312
Property Type
Semi-Detached
Status
active
Days on Site
2
Bedrooms
3
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Danforth / East York
Taxes (2026)
$4,719
Listing Brokerage
ROYAL LEPAGE TERREQUITY PLATINUM REALTY
Description

You'll fall in love with this one! Immaculately maintained, this 3 bed East York semi is the ideal home for growing families and anyone looking for community and easy connectivity to the city. Private drive with more than ample space to fit 2 large cars (tandem). Open and bright main floor with hardwood floors includes space to relax and gather, and a generously sized kitchen with great storage and brand new counters. Side entrance includes a convenient mudroom/pantry combination, and walks out to a peaceful private backyard, a fantastic spot to hang out and enjoy the outdoors. A large shed offers great auxiliary storage. 3 bedrooms including a spacious primary bedroom and wall-to-wall closets, a renovated bathroom and hardwood floors throughout the upper level. Lowered underpinned basement with high ceilings, built in speakers, pot lights, beautiful 3pc modern bathroom with heated floors, is perfect as a secondary gathering space or home office. Upgraded electrical (200 amp service), upgraded siding, upgraded insulation, 2023 sloped roof, upgraded main waterline, BBQ hookup in backyard and EV ready driveway. Simply move in and enjoy! Steps to Michael Garron Hospital, parks, transit (or a 15 min walk to Greenwood subway station), the farmer's market, East York Civic Centre, library, local cafes/restaurants, shops/dining along the Danforth.

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Estimate your monthly payments for this property

Estimated Payment

$5,125.39/mo

Includes CMHC insurance ($27,872)

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5-yr fixed avg.

Principal: $899,100Interest: $610,644
Mortgage Amount$926,972
Total Interest$610,644
Est. Property Tax$708/mo
Total Cost$1,537,616

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: Danforth Village-East York

Discover Danforth Village-East York

Danforth Village-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 Village-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

Danforth Village-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

493 Mortimer Avenue, 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)
2.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$708
Insurance (est.)-$208
Net Cash Flow+$1,884

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 $1427/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 Danforth Village-East York

I know Danforth Village-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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