$1,988,000

For sale

124 Scarboro Crescent, Toronto (Cliffcrest) - Single Family for Sale

124 Scarboro Crescent, Toronto (Cliffcrest), Ontario, M1M2J4

6 beds7 baths5 parking4,250 ft²60 × 250 ft (15,000 sq ft) lot sizeListed 13 days ago

Overview

This 6-bedroom, 7-bathroom home in Toronto is for sale offering roughly 4,250 sq ft of space. It has been on the market 13 days, fresher than the Toronto average of 59 days.

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Description

Welcome To This Exceptional & RARE Ravine Lot In The Heart Of The Scarborough Bluffs Community! Situated On A 60ft X 250ft Lot. This Home Offers Endless Possibilities For Investors, Multi-Generational Living Or Conversion Back To Single Family Hm, W/ 6 Beds, 4 Baths & 2 Family Rm's. Surrounded by nature, enjoy a private backyard oasis with deer and serene ravine views. Reno In 2016, This Unique Hm Offers 3 Well-Appointed Suites + A Bsmt Apartment. Each Suite w/ its own Laundry & W/O To Deck/Yard, Offering Privacy & Comfort. The Hm Also has 200 Amp Electrical Service. Spacious Main Flr Suite Features A Functional Layout With a Living, Dining & Family Rm, Eat-In Kitchen, 3-Pc Bath & a Generous Primary Bedrm With Wall-To-Wall Closets. Can open up To Make A Large Open Concept Kitchen And Family Rm with Wonderful Views Of The Garden. The 2nd Flr Features 2 Bright & Airey Suites, Each w/ a Walk-Out To a Large Deck & Ravine-Backed Yard. Both Units Include Living & Dining Areas, Eat-In Kitchen, 2 Bedrms & 2 Bathrms, Enhanced W Engineered Flooring, Vaulted Ceilings & Large Skylights. 2nd Flr Also Has Its Own Washer & Dryer. Open Concept Bsmt Suite Provides a Comfortable 1 Bed Layout w a Living, Dining & Kitchen Area, Its Own Washer/Dryer & a 3-Piece Bathrm. The Attached Garage & Ample Parking Make This Property Ideal For Both Families And Investors. Located In The Highly Regarded Chine Drive School District & Just Minutes From The Bluffs, Beaches, Lake Ontario, And Scenic Trails Including; Scarborough Heights Waterfront Trail, Gates Gully, And Doris McCarthy Trail. This Hm Blends Comfort, Funtionality & Convenience, A Truly Unique Opportunity For Comfortable Living While Generating Income To Offset Your Mortgage, Configured For Multi-Generational Living, Offering Family/Friends The Comfort Of Separate Private Suites While Sharing One Exceptional Hm. A Rare Opportunity With Strong Long-Term Value & Versatile Living Potential. Motivated Seller will look at all offers! (id:66096)

Property Details

MLS®: E14108378
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 5 above · 1 below
Bathrooms: 7
Parking: 5
Interior Size: 4,250 ft²
Lot Size: 60 × 250 ft (15,000 sq ft)
Frontage: 60 ft
Storeys: 2
Basement: Finished, Apartment in basement, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $10,888.15/yr

Rooms

Ground level

Living room: 7.23 x 3.89 meters
Dining room: 2.89 x 3.98 meters
Kitchen: 2.55 x 3.65 meters
Family room: 4.12 x 4.01 meters
Bedroom: 4.88 x 4.56 meters

Second level

Living room: 3.39 x 6.13 meters
Kitchen: 3.21 x 6.96 meters
Dining room: 3.21 x 6.96 meters
Primary Bedroom: 5.12 x 4.49 meters
Bedroom 2: 5.12 x 3.01 meters

Features

Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave, Two stoves, Window Coverings
Flooring: Hardwood, Laminate
Foundation: Unknown
Exterior: Brick, Vinyl siding
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Toronto (Cliffcrest) listings, avg age

59d

Price / ft²

$468

List price

$1.99M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 6-bed single family in Toronto (Cliffcrest) has been listed for 13 days, which is 46 days fresher than the city average of 59. Act while there is still low competition.

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Listed by MCCANN REALTY GROUP LTD. · CHERI DORSEY MCCANN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1M)

This home lists at $1,988,000, about 22.9× the local median household income of $87,000.

Carrying it typically needs a household income of about $388,326 (20% down, 25-yr amortization, stress-tested) — roughly 346% above the area median.

Median household income: $87,000
Population: 23,258
Median age: 44.4
Owner / renter: 63% / 37%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1M)

$1,988,000· $468/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $397,600

Min 20%50%

Mortgage payment$8,478/mo

Property tax (est.)$907/mo

Total monthly$9,386

Cash Needed to Close

Down payment (20%)$397,600

Land transfer tax$72,470

Est. closing costs$8,464

Total cash needed$478,534

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice