119-1081 Danforth Road, Toronto, ON
Eglinton East, Toronto · MLS® E13242240
About this home
Welcome to my newest listing at 1081 Danforth Road in Scarborough. This beautiful two-bedroom, two-full-bathroom fairly new condo, built by Mattamy Homes, offers modern living in a convenient and highly desirable location. Convenience and location truly matter here. Shoppers Drug Mart and No Frills are right at your doorstep. Many schools are within walking distance or just a short drive away. You can reach downtown in approximately 25 minutes by public transit. Kennedy Subway Station, Scarborough General Hospital, Thomson Memorial Park, and major shopping destinations are all just minutes away. Buying a home is a dream for many people. This is a great opportunity to begins your homeownership journey in a prime location. High speed internet and water included with the maintenance fees.
Key facts
- Property type
- Condo Townhouse, Stacked Townhouse
- MLS®
- E13242240
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900-999
- Lot
- 956
- Cross streets
- EGLINTON & DANFORTH
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Maintenance
- $420/mo
- Exposure
- South West
- Property tax
- $2,436 / 2025
- Days on market
- 43
- Listing brokerage
- ROYAL LEPAGE IGNITE REALTY
Rooms
ensuite bath · closet
combined w/living · laminate
granite counters · laminate
balcony · combined w/dining
Closet
Listed at $499,000, this home is about 14% 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 Eglinton East, so I widened the search to the surrounding area.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $496K, a bit lower.
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 $585K
- Adjusts to $585K
That comparable adjusts to $585K; the $580K estimate above is the median of all 6 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.
On location, this is a very walkable address with everyday errands close by. Danforth Rd at Horton Blvd is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $580K, median of 6 comparables.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 15% below the area average of $618/sqft.
39 days longer than the Toronto average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Eglinton East, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very 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.
Most daily errands can be done on foot.
🚉 Nearest transit: Danforth Rd at Horton Blvd, about 46 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 $399,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,130
- Property tax
- $203
- Condo / maintenance fees
- $420
- Heating
- $0
- Estimated monthly cost
- $2,753
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,455
- Toronto municipal land transfer tax
- $6,455
- Estimated closing costs
- $12,910
Plus your down payment of $99,800. 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
- $127,817
- Principal paid down
- $50,838
- Interest paid
- $76,979
- Balance remaining
- $348,362
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 ROYAL LEPAGE IGNITE REALTY. MLS®/PropTx.