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Listed 18 days ago

16 McCowan Road

Cliffcrest, Toronto

$979,900

Detached|Bungalow
3 | 4 | 6
About this home

Discover an exceptional opportunity in the highly desirable Cliffcrest neighbourhood! This beautifully updated home offers the perfect combination of style, functionality, and income potential. Step inside to a warm and inviting main floor featuring a cozy wood-burning fireplace, perfect for relaxing evenings with family and friends. Outside, escape to your own private backyard complete with mature fruit trees-ideal for entertaining or simply enjoying peaceful outdoor living. The oversized double car carport provides abundant parking and exceptional storage space. Thoughtful upgrades include basement waterproofing, added insulation for improved energy efficiency, a new front door, and a new concrete side pathway leading to the backyard. The fully renovated lower level is a standout feature, offering a separate entrance, a stunning modern kitchen with new appliances, two beautifully renovated ensuite washrooms, a new furnace, and a new washer and dryer. Whether you're accommodating extended family, creating the ultimate teen retreat, or exploring the potential for supplemental rental income, this flexible space offers endless possibilities. The main floor kitchen has also been refreshed with new appliances, making this home truly move-in ready. Enjoy an unbeatable lifestyle just a short walk to Cliffcrest Plaza with Shoppers Drug Mart, No Frills, LCBO, banks, a bakery, restaurants, and other everyday conveniences. Families will appreciate the excellent nearby schools, including R.H. King Collegiate Institute, St. Agatha Catholic School (French Immersion), and H.A. Halbert Public School. Commuters will love the easy access to TTC and Eglinton GO Station, while nearby parks and green spaces complete this outstanding location. A rare opportunity to own a beautifully updated home in one of Scarborough's most sought-after family neighbourhoods-this is one you won't want to miss!

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,197
Lot Size50 ft x 130 ft
mls© NumberE13578622
Listed ByCENTURY 21 LEADING EDGE REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,016
Property tax
$350
Heat allowance
$150
Housing costs
$5,515 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $195,980
25-yr amortization

Income needed

$170,000

gross annual household income

Payment at 4%
$4,124 / mo
Cash down
$195,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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