$748,000 - 68 Lanyard Road, Downsview
Semi-Detached for Sale in Downsview
98 days on market- MLS Number
- W12940070
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 98
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Downsview / Black Creek
- Listing Brokerage
- RIGHT AT HOME REALTY
Seller is motivated. This property is a dream property with plenty of upside for investors, contractors, home flippers and handy people. Property has 4 generous size bedrooms, 2 kitchens and a basement space with potential for an in-law suite with separate entrance on the side of the house. A gas stove in upper kitchen and gas stove in the lower kitchen. Upper kitchen is bright with eat in area. No carpet but a mixture of hardwood, laminate and parquet flooring throughout. New Asphalt roof and eavestroughs are 1 year old. High ceilings add a great sense of space. minutes from shops, restaurants and Hwy 400. Detached garage with room for car and small workshop. Property has incredible potential for any savvy buyer with vision for home improvement. Property being sold in "AS IS" condition. Offers welcome anytime.
Estimate your monthly payments for this property
Estimated Payment
$3,837.63/mo
Includes CMHC insurance ($20,869)
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 Downsview / Black Creek
Downsview / Black Creek 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 Downsview / Black Creek
- •Convenient location in Downsview / Black Creek
- •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
Downsview / Black Creek 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.
68 Lanyard Road, Downsview / Black Creek
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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
Competitive Pricing
At $680/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 98 days on site, this property has exceeded the typical selling timeline for Downsview. 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 Downsview 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downsview. Good resale value as demand remains consistent.
Investment Perspective
Looking at this as an investment: Downsview properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,117 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.