$1,299,000 - 669 Greenwood Avenue, Danforth
Detached for Sale in Danforth
Neighbourhood: Danforth
- MLS Number
- E13422620
- Property Type
- Detached
- Status
- active
- Days on Site
- 28
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE SUSAN GUCCI REALTY
Welcome to 669 Greenwood Avenue-a fully detached, classic brick 2-storey home that delivers the kind of space, flexibility, and location that rarely comes together in one property. With nearly 2,000 sq ft above grade, this is one of the larger homes in the neighbourhood and it shows in both its scale and presence on the street. Set in a true "walker's paradise" with a 97 Walk Score, the lifestyle here is unmatched. Walk to Greenwood subway in only 2 minutes! Stroll to the Danforth for some of the city's best and most diverse restaurants, head down to the Beach, or explore the vibrant shops and cafes of Leslieville - all without needing a car. Your private detached garage can be used for parking, storage, or both, adding even more convenience in this unbeatable urban location.Inside, the home is designed for versatility. Currently configured with incredible potential for either single-family living or a multi-unit setup, it is ideal for multi-generational families or buyers looking for a strong mortgage helper. Live in the full home, or create two separate units with ease-an excellent opportunity for rental income in a high-demand area. As a single-family residence, the home can offer up to five bedrooms, with two well-sized bedrooms on the second floor and a private retreat or additional living space on the third level. The main floor offers flexibility with a bedroom that can also function beautifully as a home office or guest suite. The layout adapts easily to your needs today and in the future. Whether you are looking for space to grow, a home that keeps family close while offering independence, or a property that helps offset your mortgage through strong rental potential, this home delivers it all. The possibilities are truly endless in a location that simply cannot be beat.
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/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 Danforth
Danforth 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
- •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
Danforth 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.
669 Greenwood Avenue, Danforth / East York
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Rental income estimator & ROI calculator
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 $866/sqft, this property is priced in line with current Danforth 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.
Market Position
At 28 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Excellent Flexibility
With 5 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 Danforth.
About Danforth
I know Danforth 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 $5,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.