$1,099,000 - 195 Phyllis Avenue, Scarborough
Detached for Sale in Scarborough
New — Listed yesterday- MLS Number
- E12890990
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Scarborough Town Centre
- Listing Brokerage
- LANDPOWER REAL ESTATE LTD.
Welcome to this rare, turnkey detached home on an impressive 50 x 150ft lot with a deep mature backyard. Thoughtfully upgraded from top to bottom with over $200K+ in renovations, this 4+1 bedroom, 3 bathroom home blends modern style with exceptional functionality. The heart of the home is the contemporary kitchen featuring a large quartz countertop waterfall island perfect for cooking, hosting, and everyday living. Brand new hardwood floors, fresh paint, and pot lights throughout create a bright, cohesive feel. The main floor offers a spacious in-law bedroom suite with a full bathroom, ideal for multi-generational living or added convenience **The wall separating the living room and the bedroom on the main floor can be removed to open up the living space, if desired**. Upstairs, you will find 3 generously sized bedrooms, while the separate side entrance leads to a fully equipped legal permit basement with a 2nd kitchen, living/dining area, bedroom, 3-piece bathroom, and a dedicated laundry area, perfect for generating additional rental income (~$1500/month). Step outside to an entertainer's dream: an extra deep tree-lined private backyard with a custom porch, covered bar, and storage area, ideal for relaxing or hosting friends and family. The long driveway can accommodate up to 5 cars in addition to the attached garage. Conveniently located just minutes from Scarborough Bluffs, Eglinton GO Station, top schools (R.H. King Academy), parks, trails and local plazas, this home offers a rare blend of lifestyle, space, and income potential. A truly unique opportunity you won't want to miss!
Estimate your monthly payments for this property
Estimated Payment
$4,861.25/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.
195 Phyllis Avenue, 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 25+ years of GTA real estate experience
Fair Market Value
At $999/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.
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.
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: Scarborough properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,579 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.