408-55 De Boers Drive, Toronto, ON

York University Heights, Toronto · MLS® W13695668

$469,000
For Sale
Listed 61 days agoNo offer date statedSitting longer than typical
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1+1Bedrooms
1Bathrooms
1Garage
600-699Sq ft

About this home

*** BIG SIZE ONE + ONE UNIT (BELOW $700/SQ FT) *** Beautiful & Practical Layout * (DEN CAN BE AS OFFICE OR 2ND BEDROOM) * Upgraded Modern Kitchen, Granite Counter Top, Backsplash and Laminate Floor * Primary Room With W/I Closet * Excellent & High Demand Location * Steps to Downsview Subway, Sheppard Avenue TTC * Easy Access to Yorkdale Mall, Hwy 401 & 400, York University, Costco, Walmart & More Amenities * 30 Minutes to Downtown * 24 Hr Security System and Concierge * Full Facilities With Indoor Pool * DON'T MISS IT !!!

Key facts

Property type
Condo Apartment, Apartment
MLS®
W13695668
Bedrooms
1+1 (2 total)
Bathrooms
1
Size
600-699 sq ft
Cross streets
Allen Rd/Sheppard Ave W
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$600/mo
Exposure
South West
Property tax
$2,509 / 2026
Days on market
61
Listing brokerage
TRADEWORLD REALTY INC

Rooms

BathroomFlat0.00 × 0.00 m

4 Pc Bath

DenFlat2.41 × 2.08 m

laminate · open concept

FoyerFlat2.13 × 1.32 m

ceramic floor · mirrored closet

Living RoomFlat5.72 × 3.00 m

laminate · combined w/dining · w/o to balcony

Primary BedroomFlat3.91 × 2.92 m

broadloom · walk-in closet(s) · large window

Dining RoomFlat5.72 × 3.00 m

laminate · combined w/living · open concept

KitchenFlat3.29 × 2.16 m

ceramic floor · ceramic backsplash · granite counters

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

Considering this property? Request a written price read

Its public catchment (William Lyon Mackenzie Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

Neighbourhood & location

York University Heights, 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.

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 Dublin Heights Elementary and Middle School
68%
Dublin Heights Elementary and Middle SchoolPublic · Elementary · 1.6 km awayBelow the GTA average · 68% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
St Norbert Catholic School · Catholic elementary1.9 km · 70% at standard
St Jerome Catholic School · Catholic elementary1.9 km · 66% at standard
Charles H Best Junior and Middle School · Public elementary1.9 km · 49% at standard
Sheppard Public School · Public elementary1.9 km · 24% at standard
Africentric Alternative School · Public elementary1.9 km · 57% at standard
Wilmington Elementary School · Public elementary2.0 km · 67% at standard
Faywood Arts-Based Curriculum School · Public elementary2.0 km · 70% at standard
Ancaster Public School · Public elementary2.0 km · 47% at standard
Stilecroft Public School · Public elementary2.2 km · 60% at standard
Derrydown Public School · Public elementary2.4 km · 34% at standard
Blaydon Public School · Public elementary2.4 km · 38% at standard
Downsview Secondary School · Public secondary2.5 km · 42% at standard

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

Affordability & Mortgage

Affordability
$2,138/mo
$103KIncome needed
4.6×Price ÷ income
$493Weekly cost
$11,710Land 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.

73%mortgage
Mortgage $2,138Property tax $209Condo fee $600Total carry $2,947

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 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,075per month

Mortgage amount $375,200 · 4.49% over 25 years

$93,800Down payment (20.0%)
$375,200Loan before insurance
$0CMHC premium
$2,884Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,075
Property tax
$209
Condo / maintenance fees
$600
Heating
$0
Estimated monthly cost
$2,884

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

One-time closing costs

Ontario land transfer tax
$5,855
Toronto municipal land transfer tax
$5,855
Estimated closing costs
$11,710

Plus your down payment of $93,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,511/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

$247,164Total interest paid
$622,364Total of all payments
Principal $375,200 Interest $247,164
YearPrincipalInterestBalance
1$8,373$16,522$366,827
2$8,753$16,142$358,074
3$9,150$15,744$348,924
4$9,566$15,329$339,358
5$10,000$14,894$329,357
6$10,454$14,440$318,903
7$10,929$13,966$307,974
8$11,425$13,469$296,549
9$11,944$12,951$284,605
10$12,486$12,408$272,119
11$13,053$11,841$259,066
12$13,646$11,249$245,420
13$14,265$10,629$231,154
14$14,913$9,981$216,241
15$15,590$9,304$200,651
16$16,298$8,596$184,353
17$17,038$7,856$167,315
18$17,812$7,083$149,503
19$18,620$6,274$130,883
20$19,466$5,429$111,417
21$20,350$4,545$91,067
22$21,274$3,621$69,794
23$22,240$2,655$47,554
24$23,249$1,645$24,305
25$24,305$590$0

At the end of your 5-year term

Total paid over the term
$124,473
Principal paid down
$45,843
Interest paid
$78,630
Balance remaining
$329,357

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$2,050/mo
$24,600Gross annual rent
2.5%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.

5.2%
Gross yield
− Property tax $2,509− Condo fees $7,206− Insurance $600− Vacancy & upkeep $2,706Net operating income $11,579

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

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