611-3520 Danforth Avenue, Toronto, ON
Oakridge, Toronto · MLS® E13208246
About this home
Look no further-this is THE ONE. Welcome to Terrace on Danforth, a bright southwest-facing, split-layout, corner suite with two bedrooms and wide-open views. Uniquely positioned with no unit above and only one neighbour on one side, it's exceptionally quiet-perfect for sunset unwinds over the lake and Birchcliff's treetops.Live at the corner of Warden and Danforth Ave with unbeatable connectivity: three nearby subway stations plus Main Street GO. The bus stop at your door makes the 20 bus to the subway effortless, and the 300B Bloor-Danforth Blue Night bus arrives about every 15 minutes. Prefer to drive? Enjoy your owned underground parking. Guests get free visitor parking.The building is meticulously maintained and thoughtfully equipped: a large party room, a bright, well-appointed fitness room, and secure package lockers so deliveries are simple and safe. On the 6th floor, natural light pours in from the adjacent north-facing communal terrace-accessible year-round, with patio seating, gardens, and a BBQ in the warmer months.Well-managed and about 10 years young, the condo keeps maintenance fees lower than many nearby (including newer) buildings-without sacrificing quality. Inside the suite, tasteful upgrades elevate everyday living: a custom kitchen island and sideboard with butcher block tops, a stylish backsplash with coordinated plugs/covers, new pull-down faucet, and under-cabinet lighting. The bathroom features an updated vanity, cabinet, and lighting. Laundry is upgraded with a Miele washer. Built-in storage in every closet makes perfect use of every space. Flexible layout options add to the appeal: the second bedroom is currently set up as a living room, while the living room serves as a combined kitchen/dining space-easily reconfigured to suit your lifestyle.Quiet. Connected. Move-in ready. Your Terrace on Danforth corner retreat awaits.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- E13208246
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 700-799
- Cross streets
- Danforth Ave & Warden Ave
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $611/mo
- Exposure
- South West
- Property tax
- $2,270 / 2026
- Days on market
- 50
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Rooms
laminate · large window · combined w/kitchen
laminate · stainless steel appl · custom backsplash
Listed at $529,000, this home is about 17% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Oakridge, so I widened the search to the surrounding area.
Based on 26 similar homes nearby, adjusted for size, beds, and baths.Median of 26 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $429K, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $819K
- Bathrooms −$15K
- Adjusts to $804K
That comparable adjusts to $804K; the $641K estimate above is the median of all 26 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is Birchmount Park Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Danforth Ave at Warden Ave is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $641K, median of 26 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 24% below the area average of $933/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Oakridge, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Danforth Ave at Warden Ave, about 11 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $423,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,258
- Property tax
- $189
- Condo / maintenance fees
- $611
- Heating
- $0
- Estimated monthly cost
- $3,059
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $7,055
- Toronto municipal land transfer tax
- $7,055
- Estimated closing costs
- $14,110
Plus your down payment of $105,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $135,501
- Principal paid down
- $53,895
- Interest paid
- $81,607
- Balance remaining
- $369,305
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.