$2,499,999 - 41 Meadowcliffe Drive, Scarborough
Detached for Sale in Scarborough
Popular Listing- MLS Number
- E13218058
- Property Type
- Detached
- Status
- active
- Days on Site
- 11
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Scarborough Town Centre
- Listing Brokerage
- ZOLO REALTY
Welcome to 41 Meadowcliffe Drive in the heart of the Bluffs. The moment one steps onto this exclusive street, they are mesmerised by the natural beauty in which the home is enveloped. This custom-built luxury property has its own charisma. Entering upon a floating staircase and looking up at soaring 16 ft cathedral ceilings, the entire home has a feeling of whimsical grandeur. Each room is artistically designed to maximize outdoor views. One of the best areas of the home is the grand living room, opening onto a massive 1,500 sq ft deck. Offering seamless indoor/outdoor living experiences, this is the perfect way to entertain with family and friends. The spacious kitchen is also set up for pure enjoyment, with access to a BBQ area overlooking the gardens for true open-air dining. The primary suite includes an ensuite bath and walk-in closet - with two additional bedrooms down the hall, also offering generous square footage. The lower-level has been strategically designed with a walk-out entrance. Its family room features a cozy, yet sophisticated, stone wall fireplace. The kitchen includes an eat-in breakfast area with views of the front garden, further adding to the property's glamour. Moreover, there are two additional bedrooms and a secondary laundry - as well as heated floors throughout the entirety of the downstairs suite. This home's layout is not only ideal for a single family, but also great as a multi-family property, or income space with self-contained rental.41 Meadowcliffe is a must-see, cradled in the natural beauty of the lake, just steps away! The entire home has been meticulously renovated, starting in 2006.
Estimate your monthly payments for this property
Estimated Payment
$11,058.34/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.
41 Meadowcliffe Drive, 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
Fair Market Value
At $833/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.
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 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 5 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 $10,417 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.