$1,699,900 - 148 Scarboro Crescent, Scarborough
Detached for Sale in Scarborough
New — Listed 2 days ago- MLS Number
- E13231560
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Scarborough Town Centre
- Lot Size
- 12,500 sqft
- Listing Brokerage
- ROYAL LEPAGE ESTATE REALTY
The backyard they'll talk about for the rest of their lives. Nestled along the ravine edge in sought-after Cliffcrest, this beautifully renovated 2-storey home sits on an extraordinary 50 x 250-ft lot with direct access to Midland Ravine, a natural playground where kids explore, friendships are made, dogs roam, and families connect with nature year-round. Thoughtfully updated while preserving its timeless character, this is a true forever home designed for modern family living. A charming Craftsman-inspired exterior, covered front porch and classic architecture create instant curb appeal, while soaring 10-ft ceilings, hardwood floors, oversized windows and custom millwork fill the home with warmth and natural light. The stunning farmhouse kitchen features integrated appliances, oversized subway tile, statement lighting, a walk-in pantry and a large centre island overlooking the backyard and ravine beyond. Connected principal rooms, a main floor powder room and a functional mudroom make everyday life effortless. Family-friendly details include a built-in dog retreat and a magical kids' cubby hideaway sure to spark young imaginations. The spectacular backyard stretches 250 feet deep along the protected ravine, offering endless room for soccer games, fort building, entertaining and outdoor adventures. A private gate opens directly to Midland Ravine, creating an extension of your backyard unlike anything else in the city. Upstairs offers 3 spacious bedrooms and 2 full baths, including a sun-filled primary retreat. The finished lower level adds a large rec room, 4th bedroom with ensuite, laundry and flexible space for guests, teens, a home office or movie nights. Located within the coveted Chine Drive Public School and R.H. King Academy catchments, and just steps to parks, trails, the Bluffs and the lake, this is a rare opportunity to own one of Cliffcrest's most special ravine properties.
Estimate your monthly payments for this property
Estimated Payment
$7,519.23/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.
148 Scarboro Crescent, Scarborough Town Centre
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Rental income estimator & ROI calculator
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
Fair Market Value
At $1133/sqft, this property is priced in line with current Scarborough market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Scarborough's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Scarborough are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Scarborough. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 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 $7,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.