$1,018,000 - 47 Munson Crescent, Highland Creek
Detached for Sale in Highland Creek
New — Listed 4 days ago- MLS Number
- E13156258
- Property Type
- Detached
- Status
- active
- Days on Site
- 4
- Bedrooms
- 7
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Scarborough (West Hill / Highland Creek)
- Lot Size
- 8,493 sqft
- Listing Brokerage
- RE/MAX CROSSROADS REALTY INC.
This is a well-maintained detached bungalow with a fully legal basement apartment, offering strong flexibility for both families and investors. The main floor features a bright and functional layout with 3 spacious bedrooms and 1.5 bathrooms, designed for comfortable everyday living. Large windows and an open, practical flow bring in plenty of natural light throughout the home. The basement includes a legal 4-bedroom apartment, providing excellent potential rental income or multi-generational living. It is fully equipped with it's own kitchen and separate living space, making it a valuable mortgage helper. Recent upgrades such as a new furnace, new windows, and a tankless water heater (2024) add peace of mind and reduce future maintenance costs. Outside, the property sits on a premium lot with a large backyard, ideal for outdoor activities, gardening, or family gatherings. There is also parking for up to 5 vehicles, which is a strong advantage in the area. Conveniently located close to Scarborough Town Centre, schools, transit, and major amenities, this home offers both lifestyle convenience and investment upside. Overall, this is a trunkey property with strong rental potential, modern upgrades, and a desirable location-ideal for homeowners to offset costs or investors seeking solid cash flow.
Estimate your monthly payments for this property
Estimated Payment
$4,502.96/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 (West Hill / Highland Creek)
Scarborough (West Hill / Highland Creek) 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 (West Hill / Highland Creek)
- •Convenient location in Scarborough (West Hill / Highland Creek)
- •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 (West Hill / Highland Creek) 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.
47 Munson Crescent, Scarborough (West Hill / Highland Creek)
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Rental income estimator & ROI calculator
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 $925/sqft, this property is priced in line with current Highland Creek 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.
Just Listed - Act Strategically
This property hit the market within the last week. In Highland Creek'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.
Detached Home Advantages
Detached homes in Highland Creek 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.
Excellent Flexibility
With 7 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 Highland Creek.
Bathroom Count Matters
With 4 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: Highland Creek properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,242 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.