405-335 Driftwood Avenue, Toronto, ON

Black Creek, Toronto · MLS® W12814778

$299,777
For Sale
Listed 237 days agoNo offer date statedSitting longer than typical
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2Bedrooms
1Bathrooms
1Garage
800-899Sq ft

About this home

In short

  • Priced for Quick Action!!Well Maintained, Spacious and Bright 2 Bedroom with 1 full washroom unit.
  • Overlooking Ravine!!Almost 900 Sqft.
  • Close to York University, Transit and Upcoming Subway Line.

BEST DEAL !! Priced for Quick Action!!Well Maintained, Spacious and Bright 2 Bedroom with 1 full washroom unit !! Overlooking Ravine!!Almost 900 Sqft !! Move-In Condition!!Open Private Balcony !! Large Ensuite Locker/Laundry!! Laminate Floor throuughout!! Master bedroom with W/I Closet!! Ideal for First time buyers or downsizing/retiring couple !! Close to York University, Transit and Upcoming Subway Line!! Old Photos!!

Key facts

Property type
Condo Apartment, Apartment
MLS®
W12814778
Bedrooms
2
Bathrooms
1
Size
800-899 sq ft
Cross streets
Steels/Jane
Parking
1 garage (underground)
Basement
None
Heating
Baseboard
A/C
None
Exterior
Brick
Maintenance
$940/mo
Exposure
East
Property tax
$930 / 2025
Days on market
237
Listing brokerage
HOMELIFE/MIRACLE REALTY LTD

Rooms

KitchenMain3.92 × 2.32 m
Primary BedroomMain4.34 × 3.13 m
Living RoomMain5.14 × 3.04 m
Bedroom 2Main3.38 × 2.68 m
Dining RoomMain2.69 × 2.58 m
Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

The assigned public school is Shoreham Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

Neighbourhood & location

Black Creek, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Bayview Village
$543K
Annex
$1.03M
Markland Wood
$680K
North St. James Town
$649K
Little Portugal
$549K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Shoreham Public School
54%
Shoreham Public SchoolPublic · Elementary · 0.5 km awayBelow the GTA average · 54% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Driftwood Public School · Public elementary0.5 km · 42% at standard
Gosford Public School · Public elementary0.9 km · 48% at standard
St Wilfrid Catholic School · Catholic elementary1.0 km · 74% at standard
St Augustine Catholic School · Catholic elementary1.1 km · 65% at standard
Topcliff Public School · Public elementary1.3 km · 34% at standard
Blacksmith Public School · Public elementary1.3 km · 50% at standard
C W Jefferys Collegiate Institute · Public secondary1.4 km · 44% at standard
St Francis de Sales Catholic School · Catholic elementary1.5 km · 38% at standard
James Cardinal McGuigan Catholic High School · Catholic secondary1.5 km · 66% at standard
Lamberton Public School · Public elementary1.6 km · 63% at standard
Msgr Fraser College (Norfinch Campus) · Catholic secondary1.6 km
Derrydown Public School · Public elementary1.7 km · 34% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$1,366/mo
$76KIncome needed
4.0×Price ÷ income
$315Weekly cost
$5,943Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

57%mortgage
Mortgage $1,366Property tax $78Condo fee $940Total carry $2,384

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$1,326per month

Mortgage amount $239,822 · 4.49% over 25 years

$59,955Down payment (20.0%)
$239,822Loan before insurance
$0CMHC premium
$2,344Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,326
Property tax
$78
Condo / maintenance fees
$940
Heating
$0
Estimated monthly cost
$2,344

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$2,972
Toronto municipal land transfer tax
$2,972
Estimated closing costs
$5,943

Plus your down payment of $59,955. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$1,605/monthPayment at the qualifying rate

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

$157,983Total interest paid
$397,804Total of all payments
Principal $239,822 Interest $157,983
YearPrincipalInterestBalance
1$5,352$10,560$234,470
2$5,595$10,317$228,875
3$5,849$10,063$223,026
4$6,114$9,798$216,912
5$6,392$9,520$210,520
6$6,682$9,230$203,838
7$6,986$8,927$196,852
8$7,303$8,609$189,549
9$7,634$8,278$181,915
10$7,981$7,931$173,934
11$8,343$7,569$165,590
12$8,722$7,190$156,868
13$9,118$6,794$147,750
14$9,532$6,380$138,218
15$9,965$5,947$128,253
16$10,417$5,495$117,835
17$10,890$5,022$106,945
18$11,385$4,527$95,560
19$11,902$4,010$83,658
20$12,442$3,470$71,216
21$13,007$2,905$58,209
22$13,598$2,314$44,611
23$14,215$1,697$30,396
24$14,861$1,052$15,535
25$15,535$377$0

At the end of your 5-year term

Total paid over the term
$79,561
Principal paid down
$29,302
Interest paid
$50,259
Balance remaining
$210,520

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.

Let's connect

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

Rental yield
Estimate$2,700/mo
$32,400Gross annual rent
5.3%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

10.8%
Gross yield
− Property tax $930− Condo fees $11,280− Insurance $600− Vacancy & upkeep $3,564Net operating income $16,026

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE/MIRACLE REALTY LTD. MLS®/PropTx.

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