Description

***Estate Sale *** A RARE OPPORTUNITY IN ONE OF SCARBOROUGH'S ESTABLISHED POCKETS A rare opportunity to acquire an exceptionally large residential parcel in an established Scarborough neighbourhood.Set among mature trees, established homes and nearby ravines, this nearly half-acre property offers a Muskoka-like sense of privacy and retreat within the city while remaining well connected to Toronto.The existing approximately 1,500 sq. ft. bungalow provides a starting point, but the land is the opportunity. Potential uses may include renovating the existing home, building a custom residence, creating a multigenerational home, or exploring multiplex and longer-term redevelopment opportunities, subject to zoning, approvals and the buyer's independent due diligence. CONNECTED TO THE CITY Approximately a 15-minute walk / 5-minute drive to Eglinton GO StationApproximately 1.7 km to the future McCowan Road Subway StationClose to parks, ravines, schools, shops and TTC serviceEstablished residential setting with mature streetscapes and generous properties (id:66096)

Property Details

MLS®: E13761804
Property Type: Single Family
Zoning: RD*374
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 8
Interior Size: 1,750 ft²
Lot Size: 75 × 249 ft (18,750 sq ft)
Frontage: 75 ft
Storeys: 1
Style: Bungalow
Basement: None, Other, See Remarks, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Pool: Yes
Ownership: Freehold
Property Tax: $6,666/yr
Listed: 58 days ago

Rooms

Main level

Bathroom: 1.99 x 1.23 meters
Bathroom: 2.46 x 1.7 meters
Laundry room: 2.13 x 1.19 meters
Bedroom: 2.64 x 2.84 meters
Bedroom 2: 3.68 x 3.45 meters
Bedroom 3: 3.1 x 2.92 meters
Bedroom 4: 3.45 x 2.74 meters
Living room: 6.61 x 5.36 meters
Kitchen: 4.7 x 2.92 meters
Dining room: 7.76 x 4 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water meter, Garage door opener remote(s), Water Heater
Foundation: Unknown
Exterior: Brick

Services

Water: Municipal water
Sewer: Septic System
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

Toronto (Eglinton East) listings, avg age

47d

Price / ft²

$857

List price

$1.50M

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.

Area context

Neighbourhood profile (M1J)

This home lists at $1,500,000, about 19.6× the local median household income of $76,500.

Carrying it typically needs a household income of about $293,003 (20% down, 25-yr amortization, stress-tested) — roughly 283% above the area median.

Median household income: $76,500
Population: 37,002
Median age: 37.6
Owner / renter: 46% / 54%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA M1J)

$1,500,000· $857/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $125,000.00

Min 8.33%50%

Mortgage payment$7,623/mo

↳ CMHC premium ($55,000 capitalized)

Property tax (est.)$556/mo

Total monthly$8,179

Cash Needed to Close

Down payment (8.33%)$125,000

Land transfer tax$52,950

Est. closing costs$7,000

Total cash needed$184,950

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87 Cedar Brae Boulevard Southeast, Toronto (Eglinton East) - Single Family for Sale