$950,000 - 41 Wishing Well Drive, Scarborough Village
Detached for Sale in Scarborough Village
81 days on market- MLS Number
- E12918366
- Property Type
- Detached
- Status
- active
- Days on Site
- 81
- Bedrooms
- 6
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Scarborough Village / Eglinton East
- Listing Brokerage
- ICI SOURCE REAL ASSET SERVICES INC.
Detached bungalow in a quiet, family-friendly neighbourhood with strong rental potential ($2600+/month). Major updates include windows (2022), roof, furnace, plumbing & electrical (2021), gutters (2023), and new flooring/baseboards (2026).Main floor features 3 bedrooms, a full bathroom with walk-in shower, and a bright open-concept layout with south-facing living room. Modern kitchen with stone countertops, stainless steel appliances (fridge, stove, dishwasher), ample storage, and existing plumbing/electrical for potential main-floor laundry. Finished basement with separate entrance offers 3 bedrooms with large windows, full bathroom with walk-in shower, living area, full kitchen, washer/dryer, and waterproofing-ideal for in-law suite or income potential. Private driveway parking for 4 vehicles. Owned hot water tank and A/C (2021). Spacious backyard with two storage sheds (10x16 ft) on a premium 45 x 125 ft lot, offering potential for expansion, pool, or deck. Convenient location within walking distance to TTC, parks, schools, places of worship, grocery stores, and restaurants, with quick access to Hwy 401. Vacant and move-in ready with flexible closing. Easy to show with lockbox. Offers anytime with 24-hour irrevocable. *For Additional Property Details Click The Brochure Icon Below*
Estimate your monthly payments for this property
Estimated Payment
$4,873.99/mo
Includes CMHC insurance ($26,505)
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.
41 Wishing Well Drive, 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
Premium Pricing
At $1357/sqft, this property is priced above the Scarborough Village average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 81 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.
Detached Home Advantages
Detached homes in Scarborough Village 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.
Efficient Living
At 700 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.
Excellent Flexibility
With 6 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 Village.
Investment Perspective
Looking at this as an investment: Scarborough Village properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.