4-374 Driftwood Avenue, Toronto, ON
Black Creek, Toronto · MLS® W12916860
About this home
Welcome to this beautifully updated and exceptionally spacious condo townhouse in the heart of North York| This rare offering features 5 generously sized bedrooms and a fully finished basement, providing ample room for growing families, multi-generational living, or those needing flexible work-from-home space| Step inside to discover large principal rooms filled with natural light, creating a bright and inviting atmosphere throughout| The home has been fully renovated with a modern kitchen showcasing stylish finishes, along with updated bathrooms designed for both comfort and elegance| Every detail has been thoughtfully upgraded, allowing you to move in and enjoy without lifting a finger| The private backyard offers a great outdoor space for entertaining, gardening, or simply relaxing-an ideal extension of your living area| Conveniently located, this home is close to a wide range of amenities including schools, parks, shopping, and public transit| Enjoy easy access to major highways, nearby community centers, and recreational facilities, making daily life both comfortable and convenient| A fantastic opportunity to own a turn-key, oversized townhouse in a well-connected Toronto neighbourhood-don't miss it!|
Key facts
- Property type
- Condo Townhouse, 3-Storey
- MLS®
- W12916860
- Bedrooms
- 5
- Bathrooms
- 3 (1 half)
- Size
- 1600-1799
- Cross streets
- Jane/Driftwood
- Parking
- 1 garage (underground)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- None
- Exterior
- Brick
- Maintenance
- $648/mo
- Exposure
- North
- Property tax
- $1,765 / 2025
- Days on market
- 115
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
vinyl floor · hardwood floor · double closet
vinyl floor · hardwood floor · double closet
vinyl floor · his and hers closets · large window
ceramic floor · sauna
vinyl floor · large closet · large window
vinyl floor · hardwood floor · w/o to yard
vinyl floor · hardwood floor · 3 pc bath
vinyl floor · hardwood floor · 2 pc bath
vinyl floor · hardwood floor · open concept
vinyl floor · stainless steel appl · modern kitchen
vinyl floor · hardwood floor · double closet
Listed at $635,000, this home is about 33% 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 Black Creek, so I widened the search to the surrounding area.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $388K, 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 $799K
- Size difference +$107K
- Bedrooms +$30K
- Adjusts to $936K
That comparable adjusts to $936K; the $948K estimate above is the median of all 7 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 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.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Driftwood Ave at Driftwood Crt is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $948K, median of 7 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 25% below the area average of $500/sqft.
111 days longer than the Toronto average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Black Creek, 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: Driftwood Ave at Driftwood Crt, about 76 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 $508,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,711
- Property tax
- $147
- Condo / maintenance fees
- $648
- Heating
- $0
- Estimated monthly cost
- $3,506
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,175
- Toronto municipal land transfer tax
- $9,175
- Estimated closing costs
- $18,350
Plus your down payment of $127,000. 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
- $162,653
- Principal paid down
- $64,694
- Interest paid
- $97,959
- Balance remaining
- $443,306
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 SIGNATURE REALTY. MLS®/PropTx.