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Unit 518 at Terraces On Danforth

Sold

3520 Danforth Avenue 518, Toronto E06, ON M1L 1E5

MLS #E8090618

$527,000

Sold on April 2, 2024

April 2, 2024

Originally listed at $539,000 20 days on market

About This Property

Welcome to this beautiful modern 1+den Condo at The Terraces On The Danforth. Ideal for 1st time buyers, small families, downsizers, and investors. Modern open concept Kitchen with stainless steel appliances and granite countertops. Unobstructed view from windows. Huge Bedroom with enough space for bed and dresser. Den can be used as an extra room for an office or an additional sleeping area. Ensuite laundry with plenty of storage. Amenities include Party Room. Gym and outdoor Patio area with BBQ & Lounge space One Parking and one locker is included. Parking can be separately negotiated

Investment Analysis

Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($475/mo) and property tax ($1,703/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$829/sqft
Oakridge
$662/sqft+25.3%
Toronto E06
$649/sqft

Fair Market Price

Analysis based on 0 sales and 0 leases in this building. Unit size estimated at 650 sqft.

Property Details

Bedrooms

2

Bathrooms

1

Square Feet

600-699 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeUnderground
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryNo
Corp #TSCC-2379
MLS Size600-699
Listed OnFeb 23, 2024
Maintenance Fees$475/month
Property Tax$1,703/year

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Rooms

NameSize (m)Size (ft)Features
Living Room(Flat)6.16 x 3.1720.2 x 10.4-
Kitchen(Flat)6.16 x 3.1720.2 x 10.4-
Bedroom(Flat)3.6 x 2.9311.8 x 9.6-
Den(Flat)2.25 x 1.957.4 x 6.4-

Room Dimensions Available

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Price History

Original List Price

$539,000

Listed on Feb 23, 2024

Sold Price

$527,000

Sold on Apr 2, 2024

-$12,000

-2.2%

20 days on market

Price History Available

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OQ

Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Building Information

Building NameTerraces On Danforth
Address3520 Danforth Avenue, Toronto E06
Parking TypeUnderground

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About Unit 518 at Terraces On Danforth

Unit 518 is a residential condo & other with 2 bedrooms, 1 bathroom spanning approximately 600-699 square feet located at Terraces On Danforth, 3520 Danforth Avenue, Toronto E06. This unit is currently sold (sold for $527K).

About Terraces On Danforth

Terraces On Danforth is located at 3520 Danforth Avenue, Toronto E06. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.

Oakridge Neighbourhood

This unit is located in Oakridge, part of Toronto E06 in the Toronto area. Explore more condos for sale and rent in this community.

Whether you're looking to buy, sell, or rent at Terraces On Danforth, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.

Keywords: Unit 518 Terraces On Danforth Toronto E06

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