45 Silver Springs Boulevard Unit 706, Toronto E05

Price: $499,000

2 bedrooms, 1 bathrooms

900 sqft

Property Type: Condo

MLS#: E13156984

Spacious and sun-filled 2-bedroom condo featuring a well-appointed kitchen with an eat-in area and an ensuite storage locker for added convenience and everyday organization. Step onto your private balcony and enjoy breathtaking unobstructed views. This well managed building offers exceptional amenities including 24-hour concierge/security, a fully equipped gym, indoor and outdoor pools, tennis court, party/meeting room, and ample visitor parking. Unbeatable location just steps to TTC, shopping plazas, parks, Grace Hospital, and top-rated schools, with Bridlewood Mall only minutes away. Perfect for comfortable and convenient city living.

45 Silver Springs Boulevard Unit 706 - Condo photo 1 of 26 in Scarborough Village / Eglinton East, Ontario
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New Listing
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$499,000 - 45 Silver Springs Boulevard Unit 706, Scarborough Village

Condo for Sale in Scarborough Village

New — Listed 4 days ago
2Beds
1Baths
900Sq Ft
Condo
Property Details
MLS Number
E13156984
Property Type
Condo
Status
active
Days on Site
4
Bedrooms
2
Bathrooms
1
Square Feet
900 sqft
Neighbourhood
Scarborough Village / Eglinton East
Locker
Ensuite
Exposure
West
Balcony
Open
Listing Brokerage
HOMELIFE FRONTIER REALTY INC.
Description

Spacious and sun-filled 2-bedroom condo featuring a well-appointed kitchen with an eat-in area and an ensuite storage locker for added convenience and everyday organization. Step onto your private balcony and enjoy breathtaking unobstructed views. This well managed building offers exceptional amenities including 24-hour concierge/security, a fully equipped gym, indoor and outdoor pools, tennis court, party/meeting room, and ample visitor parking. Unbeatable location just steps to TTC, shopping plazas, parks, Grace Hospital, and top-rated schools, with Bridlewood Mall only minutes away. Perfect for comfortable and convenient city living.

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Estimate your monthly payments for this property

Estimated Payment

$2,560.13/mo

Includes CMHC insurance ($13,922)

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5-yr fixed avg.

Principal: $449,100Interest: $305,016
Mortgage Amount$463,022
Total Interest$305,016
Est. Property Tax$353/mo
Total Cost$768,039

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

45 Silver Springs Boulevard Unit 706, Scarborough Village / Eglinton East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
3.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$1,238

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 $554/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Scarborough Village's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 900 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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