$899,000 - 49 Tunmead Square, Morningside
Detached for Sale in Morningside
New — Listed 2 days ago- MLS Number
- E13452190
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Scarborough (Morningside / West Hill)
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Excellent Location!** Solid Brick Bungalow **in High-Demand Markham Rd & Finch Area **Absolutely well-maintained and beautifully updated, this detached home sits on a rare 50-foot frontage in a peaceful, family-friendly neighbourhood***. Offering 3+2 bedrooms, a den, 2 bathrooms, and parking for 5 vehicles, this property is ideal for first-time buyers, growing families, or investors seeking income potential.*** Enjoy your own private backyard oasis complete with a heated in-ground pool and two gazebos, perfect for entertaining or relaxing. Major updates include Furnace & A/C (2021) and Roof (2018).***Conveniently located within walking distance to schools, parks, shopping, and TTC, and just minutes to Highway 401, Centennial College, places of worship, and other amenities.**** An exceptional opportunity for first-time buyers, families, and investors alike. Don't miss this must-see property!!!
Estimate your monthly payments for this property
Estimated Payment
$4,612.34/mo
Includes CMHC insurance ($25,082)
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 (Morningside / West Hill)
Scarborough (Morningside / West Hill) 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 (Morningside / West Hill)
- •Convenient location in Scarborough (Morningside / West Hill)
- •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 (Morningside / West Hill) 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.
49 Tunmead Square, Scarborough (Morningside / West Hill)
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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 $817/sqft, this property is priced in line with current Morningside 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 Morningside'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 Morningside 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 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 Morningside.
Investment Perspective
Looking at this as an investment: Morningside properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,746 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.