3 Kingsmere Crescent, Toronto, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Scarborough Village. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,019,000 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 64.69 x 140 ft lot
- Features a finished, separate entrance 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: In-Law Capability, Carpet Free, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Exceptional value in one of Scarborough's most established & desirable neighbourhoods. Nestled on a quiet crescent in sought-after Scarborough Village, this extensively renovated bungalow offers a rare opportunity to enjoy turnkey living, built-in income potential, & family-friendly convenience at a price point that is becoming increasingly difficult to find in Toronto. Surrounded by neighbourhoods where homes regularly command significantly higher values, this property delivers outstanding space, flexibility, & lifestyle without the million-dollar-plus price tag. Just min to the Bluffs, GO Station, waterfront trails, parks, schools, shopping, & major transit routes, the location strikes the perfect balance between community charm & urban accessibility. Imagine enjoying your morning coffee on the front porch while watching your children walk safely into school just steps away. Set on a 64x140 ft lot w large backyard, the home has been comprehensively updated & meticulously maintained, offering the confidence & comfort of a truly move-in ready property. The bright, welcoming layout provides ideal family living, while the self-contained lower-level unit w separate entrance creates exceptional flexibility for rental income, multi-generational living, or private accommodations for extended family. In today's market, the ability to offset carrying costs while building equity in a detached home is a tremendous advantage. Outside, the expansive backyard offers endless opportunities for entertaining, gardening, or enjoying outdoor space rarely found this close to the city. A single-car attached garage plus parking for four vehicles adds everyday practicality. Renovated, income-capable, exceptionally well maintained, & positioned in a high-demand neighbourhood w lasting appeal. Whether you're looking for a smart financial move, a family home with room to grow, or a detached property that offers far more than its price point suggests, this is an opportunity not to be missed.
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In-Law Capability, Carpet Free, In-Law Suite
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Property History
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Pricing & Value Insights
Data-driven valuation for 3 Kingsmere Crescent, Toronto E08, ON M1M 3B2
Based on 0 recent similar sales in the pocket.
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 $1,019,000 in Toronto, the legal minimum down payment is $203,800 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 $16,855 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,855 also applies, bringing the total estimated land transfer taxes to $33,710.
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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.
