494 Donlands Avenue, Toronto E03

Price: $1,139,000

3 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: E13689546

Prime East York Living | Welcome to 494 Donlands Avenue. Discover the perfect blend of urban convenience and neighborhood charm in one of East York's most connected and sought-after pockets, the Golden Triangle. Step inside this warm, sun-filled home designed for modern living and effortless entertaining. Featuring generous principal rooms, high ceilings, and an intuitive layout, every corner of this property maximizes light and functionality. The spacious living and dining areas flow seamlessly into a bright, well-appointed kitchen-ideal for family dinners or hosting friends.The main floor features well-proportioned bedrooms with ample closet space and serene neighborhood views. The versatile lower level offers incredible flexibility, perfect for a recreation space, home office, guest suite, or potential income-generating unit with its own private access.Step out back to enjoy your private outdoor oasis-ready for summer barbecues, gardening, or unwinding after a busy day.Location Highlights:Transit at Your Doorstep: Quick bus access straight to Donlands Subway Station (Line 2), the Eglinton LRT and minutes to the future Ontario Line.Vibrant Community: Stroll to local cafes, bakeries, and shops along Pape Village and the lively Danforth.Parks & Recreation: Surrounded by lush ravines, the Don Valley trail network, and local community centers.Commuter Friendly: Fast, easy access to the DVP, Bayview Extension, and downtown Toronto.Move in, unpack, and enjoy everything this dynamic East York community has to offer!

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active
New Listing
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$1,139,000 - 494 Donlands Avenue, Danforth

Detached for Sale in Danforth

New — Listed 5 days ago

Neighbourhood: East York

3Beds
2Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
E13689546
Property Type
Detached
Status
active
Days on Site
5
Bedrooms
3
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Danforth / East York
Lot Size
3,650 sqft
Listing Brokerage
RIGHT AT HOME REALTY
Description

Prime East York Living | Welcome to 494 Donlands Avenue. Discover the perfect blend of urban convenience and neighborhood charm in one of East York's most connected and sought-after pockets, the Golden Triangle. Step inside this warm, sun-filled home designed for modern living and effortless entertaining. Featuring generous principal rooms, high ceilings, and an intuitive layout, every corner of this property maximizes light and functionality. The spacious living and dining areas flow seamlessly into a bright, well-appointed kitchen-ideal for family dinners or hosting friends.The main floor features well-proportioned bedrooms with ample closet space and serene neighborhood views. The versatile lower level offers incredible flexibility, perfect for a recreation space, home office, guest suite, or potential income-generating unit with its own private access.Step out back to enjoy your private outdoor oasis-ready for summer barbecues, gardening, or unwinding after a busy day.Location Highlights:Transit at Your Doorstep: Quick bus access straight to Donlands Subway Station (Line 2), the Eglinton LRT and minutes to the future Ontario Line.Vibrant Community: Stroll to local cafes, bakeries, and shops along Pape Village and the lively Danforth.Parks & Recreation: Surrounded by lush ravines, the Don Valley trail network, and local community centers.Commuter Friendly: Fast, easy access to the DVP, Bayview Extension, and downtown Toronto.Move in, unpack, and enjoy everything this dynamic East York community has to offer!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,038.18/mo

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5-yr fixed avg.

Principal: $911,200Interest: $600,254
Mortgage Amount$911,200
Total Interest$600,254
Est. Property Tax$807/mo
Total Cost$1,511,454

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: East York

Discover East York

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 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

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

494 Donlands 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)
1.9%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$807
Insurance (est.)-$237
Net Cash Flow+$1,756

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 $1627/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 East York

I know 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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    494 Donlands Avenue | $1,139,000 | Battaglia Team