116 Scarboro Crescent, Toronto, ON

$2,249,800
MLS#:E11925861
6 beds
4 baths
6.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cliffcrest. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,249,800 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 6 Bedrooms and 4 Bathrooms with 2 functional kitchens
  • Premium 60 x 150 ft lot size
  • Features a finished with walk-out, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Carpet Free, Central Vacuum, In-Law Suite
  • equipped with central air central cooling and highly efficient heat pump heating via gas

Description

Welcome to this stunning, newly renovated 4-bedroom, 4-bathroom two-storey home with a 2-bedroom, 1-bathroom separate entrance in-law suite in the walkout basement. All perfectly situated on a spacious 60-foot-wide lot backing onto an accessible serene ravine. Located in the highly sought-after Chine Drive school district, and a short walk from the Scarborough Bluffs Tennis Club, Scarboro Crescent Park, the renowned Waterfront Trail, and Bluffer's Beach, this property offers a harmonious blend of luxury, comfort, and natural beauty. The main floor is thoughtfully designed with well-defined living spaces that balance both elegance and functionality. You'll find a formal living room, a well-appointed island kitchen with brand-new Bosch appliances (fridge, gas cooktop, built-in oven, built-in microwave and dishwasher), and a separate dining room that open out onto a 200sq ft deck surrounded by trees, all ideal for family living and entertaining. Set off from the kitchen, at the back of the house, a separate family room provides a cozy retreat with stunning views of the ravine, creating a perfect space for relaxation.Upstairs, the home boasts four spacious bedrooms and four well-appointed bathrooms. The luxurious primary bedroom includes a beautiful ensuite bathroom and a large walk-in closet, offering a private sanctuary within the home.The fully finished basement is a standout feature, offering an in-law suite with a separate entrance that walks out to the ravine. This versatile space is perfect for extended family, guests, or as a potential rental unit. With a double garage and parking for up to 6 cars, ample storage, a beautifully landscaped yard, and a greenhouse perfect for any plant lover to garden and cultivate plants year-round, this home offers everything you need for modern family living in a prestigious neighborhood. Dont miss the opportunity to own this exceptional property!

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Key Features

Bedrooms
6
Bathrooms
4
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 4, 2025
Sold price information is available to members only
Listed Date1/15/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished with Walk-Out, Apartment
Lot Size60 × 150 Feet
CountyToronto
Annual Tax$8,032.69
Legal DescriptionPt Lt 83 Pl 1566 Scarborough Pt 1, 64R6756;

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeHeat Pump
CoolingCentral Air

Features

Property Features

Park, School, Rec./Commun.Centre, Public Transit, Wooded/Treed, Ravine

Interior Features

Carpet Free, Central Vacuum, In-Law Suite

Security Features

None

Community Features

Location

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116 Scarboro Crescent, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 116 Scarboro Crescent, Toronto E08, ON M1M 2J4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$449,960 (20.0%)
* Minimum Canadian down payment required for this price is $449,960.
Amortization Period25 Years
Estimated Monthly Payment$10,726Based on a loan of $1,799,840 over 25 years.
Purchase Price$2,249,800
Loan Amount$1,799,840
Provincial Land Transfer Tax:$42,720
Toronto Municipal Land Transfer Tax:$42,720
Total Estimated Closing Taxes:$85,440

About Purchasing a Home in Toronto, ON

For a property listed at $2,249,800 in Toronto, the legal minimum down payment is $449,960 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $42,720 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $42,720 also applies, bringing the total estimated land transfer taxes to $85,440.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cliffcrest, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,246,761

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Agatha
Public49 Cathedral Bluffs Drive, Scarborough, Toronto, Ontario, M1M 2T6
4.3
St Henry
Public100 Brimley Road, Scarborough, Toronto, Ontario, M1M 3X4
8.0
St Theresa Shrine
Public2665 Kingston Road, Scarborough, Toronto, Ontario, M1M 1M2
7.3
St Maria Goretti
Public21 Kenmark Boulevard, Scarborough, Toronto, Ontario, M1K 3N8
5.3
J G Workman
Public487 Birchmount Road, Scarborough, Toronto, Ontario, M1K 1N7
4.7

Secondary Schools

R H King
Public3800 St Clair Avenue East, Scarborough, Toronto, Ontario, M1M 1V3
7.3
Philippe-Lamarche
Public2850 Eglinton Avenue East, Scarborough, Toronto, Ontario, M1J 2C8
6.0
Birchmount Park
Public3663 Danforth Avenue, Scarborough, Toronto, Ontario, M1N 2G2
4.3
Cedarbrae
Public550 Markham Road, Scarborough, Toronto, Ontario, M1H 2A2
4.9
W A Porter
Public40 Fairfax Crescent, Scarborough, Toronto, Ontario, M1L 1Z9
7.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.