$2,995,900 - 4 Drake Crescent, Scarborough
Detached for Sale in Scarborough
- MLS Number
- E13145976
- Property Type
- Detached
- Status
- active
- Days on Site
- 28
- Bedrooms
- 7
- Bathrooms
- 6
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Scarborough Town Centre
- Listing Brokerage
- RE/MAX URBAN TORONTO TEAM REALTY INC.
Welcome to 4 Drake Crescent, Luxury residence positioned in one of Scarborough's most sought-after waterfront communities with unobstructed lake views and over 4,800 sq ft of total living space. Just moments from the Scarborough Bluffs, waterfront trails, parks, marinas, schools, and commuter routes, this home offers the perfect blend of luxury and lifestyle. Designed with premium finishes throughout, the home features 10 ft ceilings on the main floor, 9 ft ceilings on the upper and lower levels, engineered Oak flooring throughout the main and upper floors. Spray foam insulation, recessed lighting, and elegant cove lighting integrated into the living and dining ceilings. The chef-inspired kitchen showcases quartz countertops, upgraded appliances, built-in coffee maker, convection microwave, wine fridge, and custom integrated-style oven doors.The family room features full custom millwork, gas fireplace, hardwood flooring, and walk-out to a balcony overlooking the backyard and lake beyond. Upstairs offers 4 spacious bedrooms including a luxurious primary retreat with double door entry, private terrace, unobstructed lake views, custom walk-in closet built-ins, dedicated vanity room, and spa-inspired 6-piece ensuite with Toto electronic bidet toilet and heated floors. All Full Bathrooms feature heated floors. The fully finished lower level with 9 ft ceilings includes 3 additional rooms currently set up as a gym, office, and guest bedroom, plus a large rec room with electric fireplace, entertainment system, wet bar with sink and wine fridge, sliding walk-up access, vinyl plank flooring, 8-person sauna, and 4-piece bathroom. Additional highlights include a large foyer with custom storage, upper-level laundry room with sink, side entrance, fully fenced backyard with hardscaped patio and room for a pool, 1-car garage with workshop space, 4 driveway parking spaces, and upgraded 1-inch water service.
Estimate your monthly payments for this property
Estimated Payment
$13,251.88/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.
4 Drake Crescent, Scarborough Town Centre
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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 $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.
Market Position
At 28 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 7 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 6 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.