1883 Mcnicoll Avenue Unit 227, Toronto E05

Price: $538,800

2 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: E12785940

Rarely Offered Upgraded Suite in Prestigious Tridel Building! Open-concept living. 2 spacious bedrooms with ideal split-plan layout. 2 full 4-piece bathrooms. Rare features that set this unit apart: 2 owned underground parking spaces. Oversized private storage room (5' x 10' x 8') Suite offers exceptional value with high-grade laminate flooring, crown mouldings throughout. Family-size kitchen with breakfast area. Spacious marble-floored foyer with mirrored closets. 24-hour gatehouse security. Excellent recreation facilities TTC at your doorstep. Large layouts with two parking spaces are seldom available and highly sought after for both end-users and investors. A smart opportunity to secure space, security, and long-term value in a well-managed Tridel residence.Serious buyers act quickly on units like this.

1883 Mcnicoll Avenue Unit 227 - Condo photo 1 of 26 in Scarborough Village / Eglinton East, Ontario
1883 Mcnicoll Avenue Unit 227 - Condo photo 2 of 26 in Scarborough Village / Eglinton East, Ontario
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$538,800 - 1883 Mcnicoll Avenue Unit 227, Scarborough Village

Condo for Sale in Scarborough Village

105 days on market
2Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
E12785940
Property Type
Condo
Status
active
Days on Site
105
Bedrooms
2
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Scarborough Village / Eglinton East
Locker
Owned
Exposure
West
Balcony
None
Listing Brokerage
RIGHT AT HOME REALTY
Description

Rarely Offered Upgraded Suite in Prestigious Tridel Building! Open-concept living. 2 spacious bedrooms with ideal split-plan layout. 2 full 4-piece bathrooms. Rare features that set this unit apart: 2 owned underground parking spaces. Oversized private storage room (5' x 10' x 8') Suite offers exceptional value with high-grade laminate flooring, crown mouldings throughout. Family-size kitchen with breakfast area. Spacious marble-floored foyer with mirrored closets. 24-hour gatehouse security. Excellent recreation facilities TTC at your doorstep. Large layouts with two parking spaces are seldom available and highly sought after for both end-users and investors. A smart opportunity to secure space, security, and long-term value in a well-managed Tridel residence.Serious buyers act quickly on units like this.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,764.32/mo

Includes CMHC insurance ($15,033)

$
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5%10%50%

5-yr fixed avg.

Principal: $484,920Interest: $329,344
Mortgage Amount$499,953
Total Interest$329,344
Est. Property Tax$382/mo
Total Cost$829,297

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.

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Neighbourhood Guide: Scarborough Village / Eglinton East

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

1883 Mcnicoll Avenue Unit 227, Scarborough Village / Eglinton East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
2.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$382
Insurance (est.)-$112
Net Cash Flow+$1,201

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $599/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 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.

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.

Efficient Living

At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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 $2,245 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    1883 Mcnicoll Avenue Unit 227… — $538,800 | Battaglia Team