16 Elkwood Drive, Toronto, ON

$1,329,900
MLS#:E13173322
6 beds
3 baths
2000-2500 sqft
4.0 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This listing is no longer active (Sold)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 Centennial Scarborough. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,329,900 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 3 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a premium 50 x 110 ft lot
  • Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Other, Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Beautifully Upgraded 5 Bedroom Family Home On A Coveted, Family-Friendly Street In The Highly Sought-After Centennial Community! From The Moment You Walk Through The Door, You'll Be Impressed By The Spacious Layout, Quality Upgrades, And Exceptional Natural Light Throughout. The Oversized Living Room Features Gleaming Hardwood Floors, Crown Moulding, And A Large Picture Window Overlooking The Front Yard. The Upgraded Kitchen Offers Abundant Counter Space And Storage, A Centre Prep Island, Quartz Countertops, Breakfast Bar Seating, Stainless Steel Appliances (Including Gas Stove), And A Timeless White Subway Tile Backsplash. The Adjacent Open Concept Dining Room Is Perfect For Entertaining And Features Hardwood Floors And Elegant Crown Moulding. Oversized Sunken Family Room Ideal For Everyday Living And Entertaining, Complete With Hardwood Floors, Crown Moulding, Skylight, Gas Fireplace, Built-Ins, And A Walk-Out To The Backyard. Convenient Main Floor Powder Room. Upstairs, The Spacious Primary Retreat Includes A Walk-In Closet And Private Ensuite, While Four Additional Generously Sized Bedrooms Offer Hardwood Floors, Large Windows, And Ample Closet Space. The Finished Basement Adds Valuable Living Space With A Large Rec Room, Additional Bedroom, And Dedicated Laundry Room With Laundry Tub. Step Outside To The Huge Fenced Backyard Featuring A Deck, Sprawling Green Space, And Storage Shed - An Ideal Setting For Kids, Pets, And Summer Entertaining. Ideally Situated In A Family-Friendly Scarborough Neighbourhood Just Minutes To TTC & GO Transit, Highway 401, Excellent Schools, Parks, Shopping, Waterfront Trails, & Everyday Amenities For Exceptional Convenience And Connectivity. Nearby Beautiful Port Union Waterfront Park With 3.8 Km Of Continuous Waterfront Trail. A Rare Opportunity To Own A Spacious Turnkey Family Home In An Incredible Neighbourhood!

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Key Features

Bedrooms
6
Bathrooms
3
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 2, 2026
Sold price information is available to members only
Listed Date5/26/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick, Vinyl Siding
BasementFull, Finished
Lot Size50 × 110 Feet
CountyToronto
Annual Tax$5,079.6
Legal DescriptionLT 60, PL 8658 , S/T SC439265 ; SCARBOROUGH , CITY OF TORONTO

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Public Transit, School, Rec./Commun.Centre, Park, Library

Interior Features

Other, Carpet Free

Security Features

Community Features

Location

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16 Elkwood Drive, 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 16 Elkwood Drive, Toronto E10, ON M1C 2C1

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$265,980 (20.0%)
* Minimum Canadian down payment required for this price is $265,980.
Amortization Period25 Years
Estimated Monthly Payment$6,340Based on a loan of $1,063,920 over 25 years.
Purchase Price$1,329,900
Loan Amount$1,063,920
Provincial Land Transfer Tax:$23,073
Toronto Municipal Land Transfer Tax:$23,073
Total Estimated Closing Taxes:$46,146

About Purchasing a Home in Toronto, ON

For a property listed at $1,329,900 in Toronto, the legal minimum down payment is $265,980 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 $23,073 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $23,073 also applies, bringing the total estimated land transfer taxes to $46,146.

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 Centennial Scarborough, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,174,265

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

Saint-Michel
Public29 Meadowvale Road, Scarborough, Toronto, Ontario, M8Y 1R7
6.2
St Dominic Savio
Public50 Tideswell Boulevard, Scarborough, Toronto, Ontario, M1B 5X3
5.4
St Malachy
Public80 Bennett Road, Scarborough, Toronto, Ontario, M1E 3Y3
5.6
Cardinal Leger
Public600 Morrish Road, Scarborough, Toronto, Ontario, M1C 4Y1
6.7
St Jean de Brebeuf
Public101 Dean Park Road, Scarborough, Toronto, Ontario, M1B 2X2
7.7

Secondary Schools

Sir Oliver Mowat
Public5400 Lawrence Avenue East, Scarborough, Toronto, Ontario, M1C 2C6
7.0
West Hill
Public299 Morningside Avenue, Scarborough, Toronto, Ontario, M1E 3G1
4.9

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.