426-8 Trent Avenue, Toronto, ON
East End-Danforth, Toronto · MLS® E13506256
About this home
Location Location Location Incredible opportunity in the East End Danforth community, perfect for first time buyers or investors. This spacious and well designed 2 bedroom suite offers a bright, open concept layout with southwest facing views. Enjoy this bright and spacious 2 bedroom plus den suite, a short walk from Main Subway Station. The eat-in kitchen features stainless steel appliances and a large balcony comes as part of your personal living space. A 4 piece ensuite bathroom is combined with the primary bedroom, plus there is also a second bathroom for guests. This sale includes on parking spot and one storage locker. Steps to shops and restaurants along the Danforth, plus minutes to streetcars, the subway and the Go train station. It is the perfect place to call home or a smart addition to your investment portfolio. Enjoy low maintenance fees that include heat and water, offering added value and stress free ownership. Residents have access to fantastic building amenities including a modern lounge, fully equipped fitness centre, rooftop terrace facing the Toronto Skyline with BBQs and gardens, party and meeting rooms with a full kitchen, and plenty of visitor parking. With just steps to Main Subway Station, the Danforth GO Train, or a quick streetcar ride downtown, making commuting effortless. Surrounded by grocery stores, cafés, restaurants, shopping along the Danforth, and nearby parks and recreation, everything you need is right at your doorstep. Whether you are looking to get into the market or expand your portfolio, this is a standout opportunity in a thriving neighborhood.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- E13506256
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 800-899
- Cross streets
- Danforth / Main St
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $575/mo
- Exposure
- North West
- Property tax
- $3,808 / 2026
- Days on market
- 17
- Listing brokerage
- RE/MAX WEST REALTY INC.
Rooms
hardwood floor · open concept
hardwood floor · open concept
hardwood floor · open concept
Listed at $579,000, this home is about 29% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 10 similar homes nearby, adjusted for size, beds, and baths.Median of 10 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $781K, a close match.
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 $733K
- Size difference +$92K
- Bedrooms +$30K
- Adjusts to $855K
That comparable adjusts to $855K; the $814K estimate above is the median of all 10 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 Ave at Dawes Rd 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 $814K, median of 10 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.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits.
- Open-concept layout: modern, sought-after flow.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 25% below the area average of $904/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
East End-Danforth, 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 Ave at Dawes Rd, about 118 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 $463,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,472
- Property tax
- $317
- Condo / maintenance fees
- $575
- Heating
- $0
- Estimated monthly cost
- $3,364
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,055
- Toronto municipal land transfer tax
- $8,055
- Estimated closing costs
- $16,110
Plus your down payment of $115,800. 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
- $148,308
- Principal paid down
- $58,989
- Interest paid
- $89,320
- Balance remaining
- $404,211
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 RE/MAX WEST REALTY INC.. MLS®/PropTx.