$569,900 - 5 Massey Square Unit #215, Danforth
Condo for Sale in Danforth
56 days on marketNeighbourhood: Crescent Town
- MLS Number
- E13119208
- Property Type
- Condo
- Status
- active
- Days on Site
- 56
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Danforth / East York
- Locker
- None
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 PARKLAND LTD.
Freshly Painted with Sunny Westerly Views. This 3 Bedroom/2 Bathroom Nestled Corner Unit Overlooks the Lovely Lawns & Gardens from the Rarely Available 20 x 8 1/2 Foot BALCONY. A Wonderful Space in Summer to Relax on your Daybed and/or Enjoy Summer Meals on a Picnic Table. *Options GALORE* -- RENOVATED Kitchen, Lovely Re-Sanded Parquet Floors & UPGRADED BATHROOMS with NEW Vanities and NEW Bedroom Windows, Back Hallway includes Coat Closet and a 3.5 x 3.7 Foot Storage Closet. ***On Subway Line, 20 Minutes from Downtown, 10 Minutes to Beaches, 24/7 Security Guards/Cameras, Maintenance/Cleaning Staff, (Plumber, Electricians, etc.) including On-Site Management Office, Multi-Million $$$ Recreation Centre (FREE Membership), Daycare, Elementary School, Doctor Clinic, Grocery Store.***
Estimate your monthly payments for this property
Estimated Payment
$2,923.88/mo
Includes CMHC insurance ($15,900)
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 Crescent Town
Crescent Town 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 Crescent Town
- •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
Crescent Town 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.
5 Massey Square Unit #215, 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
Competitive Pricing
At $570/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 56 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
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 Crescent Town
I know Crescent Town 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 $2,375 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.