$639,000 - 2466 Eglinton Avenue Unit 806, Scarborough
Condo for Sale in Scarborough
New — Listed 2 days ago- MLS Number
- E13241366
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Scarborough Town Centre
- Locker
- Owned
- Exposure
- North West
- Balcony
- None
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Sold under POWER OF SALE. "Sold" as is - where is. Welcome to sought-after Rainbow Village II! This spacious and well-maintained 3+1 bedroom corner suite offers approximately 1,356 sq. ft. of bright, functional living space with unobstructed northwest views. Conveniently located just steps to Kennedy Station with TTC, GO Transit, and upcoming LRT access, this is a rare opportunity in one of Scarborough's most connected communities.Residents enjoy an impressive selection of resort-style amenities including an indoor swimming pool, sauna, fully equipped gym, squash and basketball courts, billiards room, table tennis, children's playground, and three party rooms. The building also offers 24-hour security, onsite daycare, and commercial laundry facilities for added convenience.Surrounded by shopping, restaurants, schools, parks, and everyday essentials, this property offers exceptional long-term value for both investors and future end users alike. Currently tenanted until December 31, 2026, providing stable rental income today with the flexibility to move in, renovate, or reposition the property in the future. Property being sold under Power of Sale as-is, where-is condition with no representations or warranties. Buyers are advised to conduct their own due diligence regarding the property and its features. A solid property in a sought-after location! MUST SEE! 48 hours (work days) irrevocable on all offers. Being sold as is. Must attach Schedule "B" and use Seller's sample offer when drafting an offer (copy in attachment section of MLS). No representations or warranties of any kind by seller/agent. All information to be independently verified. Taxes estimated per city website..
Estimate your monthly payments for this property
Estimated Payment
$3,278.40/mo
Includes CMHC insurance ($17,828)
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.
2466 Eglinton Avenue Unit 806, 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 30+ years of GTA real estate experience
Competitive Pricing
At $533/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.
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.
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.
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.
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 $2,663 (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.