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New4 hours ago

124 Scarboro Crescent

Cliffcrest, Toronto

$2,200,000

Detached|2-Storey
5 | 7 | 5
About this home

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 Maple Flooring, Vaulted Ceilings & Large Skylights. The 2nd Flr Also Has Its Own Washer & Dryer For Added Convenience. Open Concept Bsmt Suite Provides a Comfortable 1 Bed Layout w a Living, Dining & Kitchen Area, Its Own Washer/Dryer & a 3-Piece Bathrm W/ a Glass Shower. 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!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. Age51-99
Size3500-5000 sq. ft.
Property Tax$10,888
Lot Size60 ft x 250 ft
mls© NumberE13760646
Listed ByMCCANN REALTY GROUP LTD.

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%
$11,261
Property tax
$907
Heat allowance
$150
Housing costs
$12,318 / mo

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

Down payment20% · $440,000
25-yr amortization

Income needed

$379,000

gross annual household income

Payment at 4%
$9,258 / mo
Cash down
$440,000

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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