124 Scarboro Crescent, Toronto, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cliffcrest. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $2,299,000 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 7 Bathrooms with 4 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 60 x 250 ft lot
- Features a apartment, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient attached configuration
- Notable attributes: In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome To This Exceptional & RARE Ravine Lot In The Heart Of The Prestigious Scarboro Bluffs Community! Situated On An Extroadinary 60ft X 250ft Lot, This Impressive Home Offers Endless Possibilities For Investors, Multi-Generational Living Or Convert Back To Single Family Home. Surrounded By Nature, Beautiful Views, Enjoy The Tranquility Of Backyard Oasis W/Deer. Reno In 2016 w 3 Well-Appointed Suites & a Basement Apartment With A Walk Out To Private Garden. Each Suite Offers Laundry & Walk Out Access To The Deck/Yard With Peaceful Ravine Views. The Spacious Main Flr Suite Offers A Functional Layout With Living, Dining Rm, Eat-In Kitchen & Family Rm Along With 2-3 Piece Bathrooms & A Generous Primary Bedroom w Wall-To-Wall Closets. Can Open Up To Make An Extremely Large Open Concept Kitchen And Family Rm & Wonderful Views Of The Garden. The 2nd Flr Features 2 Bright & Airey Suites, Each w 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 Basement Suite Provides a Comfortable 1 Bdrm Layout w a Living, Dining & Kitchen Area, Its Own Washer/Dryer & a 3-Piece Bathroom Featuring 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 In One Of Toronto's Most Sought-After Neighbourhoods. A Truly Unique Opportunity For Comfortable Living While Generating Income To Offset Your Mortgage, Currently Configured For Family/Friends To Live Together But Each W/ Their Private Suite. Strong Long Term Value!
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Pricing & Value Insights
Data-driven valuation for 124 Scarboro Crescent, Toronto E08, ON M1M 2J4
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $2,299,000 in Toronto, the legal minimum down payment is $459,800 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 $43,950 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $43,950 also applies, bringing the total estimated land transfer taxes to $87,900.
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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.
