Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cliffcrest. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $2,995,900 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.
Welcome to 4 Drake Crescent, Luxury residence positioned in one of Scarborough's most sought-after waterfront communities with unobstructed lake views and over 4,800 sq ft of total living space. Just moments from the Scarborough Bluffs, waterfront trails, parks, marinas, schools, and commuter routes, this home offers the perfect blend of luxury and lifestyle. Designed with premium finishes throughout, the home features 10 ft ceilings on the main floor, 9 ft ceilings on the upper and lower levels, engineered Oak flooring throughout the main and upper floors. Spray foam insulation, recessed lighting, and elegant cove lighting integrated into the living and dining ceilings. The chef-inspired kitchen showcases quartz countertops, upgraded appliances, built-in coffee maker, convection microwave, wine fridge, and custom integrated-style oven doors.The family room features full custom millwork, gas fireplace, hardwood flooring, and walk-out to a balcony overlooking the backyard and lake beyond. Upstairs offers 4 spacious bedrooms including a luxurious primary retreat with double door entry, private terrace, unobstructed lake views, custom walk-in closet built-ins, dedicated vanity room, and spa-inspired 6-piece ensuite with Toto electronic bidet toilet and heated floors. All Full Bathrooms feature heated floors. The fully finished lower level with 9 ft ceilings includes 3 additional rooms currently set up as a gym, office, and guest bedroom, plus a large rec room with electric fireplace, entertainment system, wet bar with sink and wine fridge, sliding walk-up access, vinyl plank flooring, 8-person sauna, and 4-piece bathroom. Additional highlights include a large foyer with custom storage, upper-level laundry room with sink, side entrance, fully fenced backyard with hardscaped patio and room for a pool, 1-car garage with workshop space, 4 driveway parking spaces, and upgraded 1-inch water service.
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Bar Fridge, Sauna
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Data-driven valuation for 4 Drake Crescent, Toronto, ON M1M 1A2
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Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $2,995,900 in Toronto, the legal minimum down payment is $599,180 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 $61,373 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $61,373 also applies, bringing the total estimated land transfer taxes to $122,745.
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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.