$1,600,000 - 15 Morbank Drive, Scarborough Village
Detached for Sale in Scarborough Village
138 days on market- MLS Number
- E12451779
- Property Type
- Detached
- Status
- active
- Days on Site
- 138
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Scarborough Village / Eglinton East
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
A Rare Opportunity Backing Onto Green Space. For The First Time Since 1989, This Solid Family Home Is Being Offered To The Market. A True Opportunity To Create Something Special In A Sought-After Community. Built On A Strong Foundation With A Practical Layout And Spacious Rooms, The Home Has Been Lovingly Maintained Over The Years And Awaits Its Next Chapter. What Sets This Property Apart Is Its Premium Lot Backing Onto Green Space With A Walking Path And Pond. With No Neighbours Behind And Full And Full Eastern Sunlight Streaming In, You'll Wake Up Each Morning To Quiet Views Of Nature And Enjoy A Rare Sense Of Privacy In The City. Inside, The Home Features A Functional Two-Story Layout, Large Principal Rooms, And Ample Windows That Invite Natural Light Throughout. While The Interior Awaits Modern Updates, Its Solid Bones Make It An Ideal Canvas For A Full Renovation Or Gradual Improvements Over Time. The Neighbourhood Complements The Home Perfectly: Family-Friendly Parks, Schools, Shopping, And Transit Options Are All Close By Offering Both Convenience And A Strong Community Feel. With Mary Ward Catholic Secondary School Nearby And Numerous Local Amenities Within Walking Distance, Families Will Appreciate Both The Practicality And Lifestyle Of This Location
Estimate your monthly payments for this property
Estimated Payment
$7,077.34/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 Village / Eglinton East
Scarborough Village / Eglinton East 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 Village / Eglinton East
- •Convenient location in Scarborough Village / Eglinton East
- •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 Village / Eglinton East 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.
15 Morbank Drive, Scarborough Village / Eglinton East
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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 $640/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 138 days on site, this property has exceeded the typical selling timeline for Scarborough Village. 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.
Detached Home Advantages
Detached homes in Scarborough Village 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.
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 Village.
Bathroom Count Matters
With 5 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 Village properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,667 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.