40 Bay Mills Boulevard Unit 707, Toronto E05

Price: $369,999

1 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: E13207106

An exceptional opportunity for buyers seeking value, style, and convenience. This beautiful recently renovated condo offers a rare chance to secure a truly turn-key home in today's market. Thoughtfully updated from top to bottom, the suite features elegant porcelain tile throughout the foyer, hallway, kitchen, and living areas, complemented by fresh laminate flooring in the living and dining space. A modern, neutral colour palette and fresh paint throughout create a bright, clean, and timeless interior that's ready to move in and enjoy. Significant upgrades have already been completed, saving the next owner time, effort, and expense. The result is a stylish, low-maintenance home that feels both current and welcoming. Adding even more appeal, the all-inclusive maintenance fees cover all utilities, offering excellent monthly value and predictable ownership costs. Truly an increasingly rare find. Ideally located at Warden & Sheppard, this residence places you steps from public transit, close to great schools, shopping, dining, and everyday essentials. The well-managed building also offers sought-after amenities including a gym and meeting room, enhancing comfort and lifestyle. Priced strategically in today's market, this condo represents an outstanding opportunity for first-time buyers, downsizers, or investors to secure a fully renovated home with strong long term potential. A smart buy in a convenient location-move in with confidence and enjoy immediate value.

40 Bay Mills Boulevard Unit 707 - Condo photo 1 of 26 in Scarborough Village / Eglinton East, Ontario
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$369,999 - 40 Bay Mills Boulevard Unit 707, Scarborough Village

Condo for Sale in Scarborough Village

Popular Listing
1Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
E13207106
Property Type
Condo
Status
active
Days on Site
12
Bedrooms
1
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Scarborough Village / Eglinton East
Locker
None
Exposure
East
Balcony
Open
Listing Brokerage
CENTURY 21 LEADING EDGE REALTY INC.
Description

An exceptional opportunity for buyers seeking value, style, and convenience. This beautiful recently renovated condo offers a rare chance to secure a truly turn-key home in today's market. Thoughtfully updated from top to bottom, the suite features elegant porcelain tile throughout the foyer, hallway, kitchen, and living areas, complemented by fresh laminate flooring in the living and dining space. A modern, neutral colour palette and fresh paint throughout create a bright, clean, and timeless interior that's ready to move in and enjoy. Significant upgrades have already been completed, saving the next owner time, effort, and expense. The result is a stylish, low-maintenance home that feels both current and welcoming. Adding even more appeal, the all-inclusive maintenance fees cover all utilities, offering excellent monthly value and predictable ownership costs. Truly an increasingly rare find. Ideally located at Warden & Sheppard, this residence places you steps from public transit, close to great schools, shopping, dining, and everyday essentials. The well-managed building also offers sought-after amenities including a gym and meeting room, enhancing comfort and lifestyle. Priced strategically in today's market, this condo represents an outstanding opportunity for first-time buyers, downsizers, or investors to secure a fully renovated home with strong long term potential. A smart buy in a convenient location-move in with confidence and enjoy immediate value.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,898.29/mo

Includes CMHC insurance ($10,323)

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5-yr fixed avg.

Principal: $332,999Interest: $226,164
Mortgage Amount$343,322
Total Interest$226,164
Est. Property Tax$262/mo
Total Cost$569,486

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

40 Bay Mills Boulevard Unit 707, Scarborough Village / Eglinton East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
3.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$390
Property Tax (est.)-$262
Insurance (est.)-$77
Net Cash Flow+$1,071

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 $617/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.

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 600 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.

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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    40 Bay Mills Boulevard Unit 707… — $369,999 | Battaglia Team