$2,498,000 - 890 & 892 Broadview Avenue, Danforth
Multi-Family for Sale in Danforth
New — Listed 4 days agoNeighbourhood: Playter Estates-Danforth
- MLS Number
- E13695322
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 4
- Bedrooms
- 7
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Danforth / East York
- Lot Size
- 4,618 sqft
- Listing Brokerage
- RARE REAL ESTATE
Secure a significant footprint in one of Toronto's most coveted neighborhoods with this rare, combined 40' x 132' lot at 890 & 892 Broadview Ave. Offering two civic addresses under a single PIN#, this property presents a premier opportunity for developers and investors to capitalize on a high-demand transit corridor. With a substantial 40' frontage, this site provides a versatile canvas for your vision, whether you are looking to maximize rental potential, eyeing a mid-rise development project, or exploring the possibility of a technical severance. The location is unbeatable, situated just steps from the Broadview/Danforth subway station, Greek Town, and vibrant local amenities. Furthermore, the property sits within the prestigious catchment for Wilkinson Jr. PS and Riverdale Collegiate Institute, making it highly desirable for families and professionals alike. Whether you choose to hold as-is or pursue rezoning to create a landmark project, this site is perfectly positioned to maximize density in a rapidly evolving, high-value district. All prospective buyers are encouraged to conduct their own due diligence to verify zoning, development rights, and municipal requirements.
Estimate your monthly payments for this property
Estimated Payment
$11,049.50/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 Playter Estates-Danforth
Playter Estates-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 Playter Estates-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
Playter Estates-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.
890 & 892 Broadview 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 $999/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Danforth's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Excellent Flexibility
With 7 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.
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 Playter Estates-Danforth
I know Playter Estates-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 $10,408 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.