$2,299,000 - 124 Scarboro Crescent, Scarborough
Multi-Family for Sale in Scarborough
50 days on market- MLS Number
- E13058090
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 50
- Bedrooms
- 6
- Bathrooms
- 7
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Scarborough Town Centre
- Listing Brokerage
- MCCANN REALTY GROUP LTD.
Welcome To This Exceptional Offering In Cliffcrest. This Impressive Fourplex Features Beautiful Views, A Top Bungalow Addition Completed In 2016 and Four Well-Appointed Suites, Ideal For Multi-Generational Living Or Strong Income Potential. Each Unit Offers Laundry Capability and Walk-Out Access To The Deck/Yard With Peaceful Ravine Views. The Spacious Main Floor Suite Offers A Functional Layout With A Living Room That Features A Wood Burning Fireplace, Dining Area, Kitchen, Family Room, and A Generous Primary Bedroom With A Wall-To-Wall Closet. It Includes Two 3-Piece Bathrooms, One With A Jacuzzi Tub And One With A Separate Shower. The Second Floor Features Two Bright Units With Walk-Out Access To A Large Deck And The Ravine-Backed Yard. Both Units Include Living and Dining Areas, A Kitchen, Two Bedrooms, and Two Bathrooms, Along With Engineered Maple Hardwood Flooring, Vaulted Ceilings, and Large Skylights. The Second Floor Also Has Its Own Washer and Dryer For Added Convenience. The Open Concept Basement Suite Offers A Comfortable One Bedroom Layout With A Living, Dining, and Kitchen Area, Its Own Washer/Dryer, A 3-Piece Bathroom Featuring A Glass Shower, and Durable Laminate Flooring. The Attached Garage with Ample Parking Completes This Rare Offering, An Excellent Opportunity For Both Families and Investors. Located In The Chine Drive School District, and Just Minutes From The Bluffs, Lake Ontario, And Scenic Trails Including Scarborough Heights Waterfront Trail, Gates Gully, And Doris McCarthy Trail. This Home Blends Comfort, Functionality, and Convenience, Offering A Rare Multi-Unit Opportunity In A Beautiful Neighbourhood With Strong Long-Term Value.
Estimate your monthly payments for this property
Estimated Payment
$10,169.25/mo
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.
124 Scarboro Crescent, 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 $657/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 50 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.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 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 7 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 $9,579 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.