$485,000 - 40 Chichester Place Unit 203, Scarborough Village
Condo for Sale in Scarborough Village
53 days on market- MLS Number
- E13041754
- Property Type
- Condo
- Status
- active
- Days on Site
- 53
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Scarborough Village / Eglinton East
- Locker
- Exclusive
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- RE/MAX ROUGE RIVER REALTY LTD.
*This Bright And Spacious 2-bdrm + Den Corner Unit Offers a Smart, Functional Layout *Generous Living Area With Laminate Flooring *Sought-after Split-Bedroom Design and a Dedicated Laundry Room *Freshly Painted Throughout *Primary Bedroom Includes Large Walk-in Closet, 3-Piece Ensuite and New Laminate Flooring *Sunlit Den Provides An Ideal Space For a Home Office, Hobby Area or Potential Third Bedroom *Kitchen Boasts Classic White Cabinetry, Ample Pantry Storage and a Cozy Eat-in Space *New Stainless Steel Fridge and Stove *Renovated Bathrooms *Close To Supermarkets, Shopping, Fairview Mall & Subway, Schools & Parks *TTC At Your Doorstep *Easy Access To Highway 401/DVP *One Underground Parking and Locker *Internet and Cable TV included in Maintenance Fee *Electric Coil Floor Heating, Oct-May Monthly Cost Paid By Mgmt Office *Dont Miss This Opportunity To Move In And Enjoy The Condo Living Lifestyle
Estimate your monthly payments for this property
Estimated Payment
$2,488.30/mo
Includes CMHC insurance ($13,532)
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 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
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.
40 Chichester Place Unit 203, Scarborough Village / Eglinton East
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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 $404/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 53 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.