$1,399,000 - 502 Queens Drive, York
Detached for Sale in York
82 days on marketNeighbourhood: Rustic
- MLS Number
- W13233372
- Property Type
- Detached
- Status
- active
- Days on Site
- 82
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- York / Weston
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Newly priced and set on an exceptional 50 x 204 ft lot in the desirable Rustic/Maple Leaf community, 502 Queens Dr offers a rare opportunity w/ outstanding flexibility for end-users, investors, renovators & builders.This solid raised bungalow offers multiple paths forward: live in & update over time, accommodate extended family, explore income potential, renovate as an investment, or build new on a premium deep lot. Property being sold as is.The ground level features a separate entrance, walk-up to the backyard, open-concept layout, renovated kitchen w/ granite counters, backsplash & S/S appliances, 4pc bath, laundry room, large cold room & direct garage access into the kitchen. Bright & functional, this level offers strong potential for multi-generational living or a possible suite.The upper/main floor is accessed by a traditional front staircase and offers a classic family layout with formal living and dining rooms, family room, bright solarium, 3 bedrooms, 5pc bath w/ bidet, & a kitchen w/ S/S appliances and backsplash.The exceptionally deep backyard features mature trees, existing garden areas, gazebo, shed and outdoor sinks, offering a strong foundation to restore, redesign or create a private outdoor retreat. Ceramic tile and hardwood throughout, pot lights, generous room sizes and fantastic curb appeal. Patio enclosure can be removed to utilize 1.5-car garage space. Close to schools, parks, transit, shopping and major highways. A compelling opportunity in an established neighbourhood with lot value, flexibility and long-term upside. All existing window coverings, all electrical light fixtures, lower-level fridge, stove, dishwasher, washer and dryer, and upper-level fridge, stove and dishwasher. All chattels, fixtures and property being sold in as-is condition. Some images include AI visual renderings for illustrative purposes only, intended to help buyers envision the home's potential. Please refer to actual photos and in-person viewings for current condition
Estimate your monthly payments for this property
Estimated Payment
$6,188.25/mo
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 Rustic
Rustic 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 Rustic
- •Convenient location in York / Weston
- •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
Rustic 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.
502 Queens Drive, York / Weston
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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
Fair Market Value
At $933/sqft, this property is priced in line with current York 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 82 days on site, this property has exceeded the typical selling timeline for York. 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 York 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.
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 Rustic
I know Rustic 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: York properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,829 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.