$1,023,000 - 505 Silverstone Drive, Etobicoke
Detached for Sale in Etobicoke
Popular ListingNeighbourhood: West Humber-Clairville
- MLS Number
- W13485754
- Property Type
- Detached
- Status
- active
- Days on Site
- 13
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Etobicoke (West Mall / Rexdale)
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
Welcome to this beautifully maintained detached home in the heart of Etobicoke, featuring a newly renovated kitchen with brand-new cabinetry, elegant quartz countertops, and a stylish quartz backsplash. Recent upgrades include new vinyl flooring throughout the living room, dining room, and bedrooms, a brand-new dishwasher, fresh paint throughout, and modern pot lights in the living and dining areas. Ideally located just steps from the LRT, this home offers exceptional convenience for commuters and families while being situated in a quiet, established neighborhood. Enjoy easy access to parks, schools, shopping, restaurants, and all essential amenities. A separate entrance to the basement adds tremendous value and flexibility, offering excellent income potential. The basement can generate approximately $2,500-$3,000 per month in rental income, making this property an attractive opportunity for both investors and homeowners looking to help offset mortgage costs. Combining modern upgrades, a prime location, and strong income potential, this is a fantastic opportunity to own a versatile property in one of Etobicoke's most convenient and desirable opportunity to own a versatile property in one of Etobicoke's most convenient and desirable
Estimate your monthly payments for this property
Estimated Payment
$4,525.07/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 West Humber-Clairville
West Humber-Clairville 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 West Humber-Clairville
- •Convenient location in Etobicoke (West Mall / Rexdale)
- •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
West Humber-Clairville 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.
505 Silverstone Drive, Etobicoke (West Mall / Rexdale)
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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
Premium Pricing
At $1461/sqft, this property is priced above the Etobicoke 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.
Detached Home Advantages
Detached homes in Etobicoke 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.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Etobicoke.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About West Humber-Clairville
I know West Humber-Clairville 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.