$1,099,999 - 16 Woolwick Drive, Highland Creek
Detached for Sale in Highland Creek
60 days on market- MLS Number
- E13012746
- Property Type
- Detached
- Status
- active
- Days on Site
- 60
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Scarborough (West Hill / Highland Creek)
- Listing Brokerage
- HOMELIFE/GTA REALTY INC.
*Dream Bungalow you have been waiting For!, Top to Bottom Renovated and Upgraded, Featuring 2 FULL BTHROOMS on Main Floor, (Rare to find in a Bungalow), Grandfathered Fire Code Retrofitted two unit Occupancy meaning it is as good as having a legal basement to rent, 47 Foot wide lot will allow garden Suite at back or footprint for a Custom Built home up to 4,000 Plus sq ft, Potential Rental Income Up $3,000 and Down $2,000, New Driveway Parking for 6 Cars, Solid wood garage Door, 2 Modern Chef's Kitchen and 1 Centre Island and Quartz Counters and Backsplash, 3 Modern BATHROOMs with frameless Shower Doors, LED Mirrors, Pre Engineered Hardwood floors, vinyl floors, porcelain tiles, walk out to concrete deck, 1 bedroom with Ensuite Bath, New Concrete Garage Floor, Will be close to SUBWAY stop at McCowan and Lawrence being built and close to Hospital, Shops, STC, and Bus at Bellamy Road, WEST Facing Door, House South Facing Sunny, Bright, with 2 Picture Windows in front, you will have 30% and 18% Return on investment at listed price with 8% and 20% Down payment, Confident that this is a ready to move in house with mortgage helper for the first timer, Great home for a Large Multi Generation Family and Extreme Investment for a SAVVY INVESTOR. Come and Explore Your self. Yes 5v Brand New Stainless Steel Appliances.
Estimate your monthly payments for this property
Estimated Payment
$4,865.67/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 (West Hill / Highland Creek)
Scarborough (West Hill / Highland Creek) 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 (West Hill / Highland Creek)
- •Convenient location in Scarborough (West Hill / Highland Creek)
- •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 (West Hill / Highland Creek) 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.
16 Woolwick Drive, Scarborough (West Hill / Highland Creek)
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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 $1000/sqft, this property is priced in line with current Highland Creek 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.
Negotiation Opportunity
At 60 days on site, this property has exceeded the typical selling timeline for Highland Creek. 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 Highland Creek 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 Highland Creek.
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: Highland Creek properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.