$740,000 - 1021 Midland Avenue Unit 4, Scarborough
Condo for Sale in Scarborough
105 days on market- MLS Number
- E12806736
- Property Type
- Condo
- Status
- active
- Days on Site
- 105
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Scarborough Town Centre
- Locker
- None
- Exposure
- East West
- Balcony
- None
- Listing Brokerage
- HOMELIFE HEARTS REALTY INC.
Move In Ready Fully Upgraded 4+1 Bedroom, 3 Washroom Family Home In A Family Oriented Quiet Neighborhood! Centrally Located Just Steps To Schools, Grocery, Shopping, Hospital, Subway & GO Stations. Modern Open Concept Main Floor Layout Is Wonderful For Family Gatherings & Entertaining. Featuring A Beautiful Eat In Kitchen With Brand New Appliances That Opens To A Bright Dining Room That Steps Out To The Large Private Backyard. Backyard Has A Built In Gazebo For Year Round Use! The Expansive Living/Family Room Space With Large Wall Spanning Windows Is A Wonderful Family Time/Entertainment Center In This Home! A Beautiful View Of All The Main Floor Spaces Right From The Upgraded Marie Kondo Style Entrance Foyer. Minimal Stairs To Living Spaces Is A Plus For Growing & Aging Families! The 2nd Floor Features A Big & Bright Primary BR With His & Hers Closets. Upgraded Modern Washrooms On All 3 Floors And Large Windows In All Bedrooms. The Basement Features A Large Separate In-Law Suite Bedroom With Additional Family Room Space. Rough In Plumbing For Basement Kitchenette Is Available And Modern Full Washroom & Laundry Rm Equipped With Shelving. Grow Your Family Here! This is A Must See!
Estimate your monthly payments for this property
Estimated Payment
$3,796.58/mo
Includes CMHC insurance ($20,646)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Scarborough Town Centre
Scarborough Town Centre is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Scarborough Town Centre
- •Convenient location in Scarborough Town Centre
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Scarborough Town Centre offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1021 Midland Avenue Unit 4, Scarborough Town Centre
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $617/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 105 days on site, this property has exceeded the typical selling timeline for Scarborough. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Scarborough.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Scarborough properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.