5 Elward Boulevard, Toronto E06

Price: $588,000

4 bedrooms, 3 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: E13039552

Detached 30 ft frontage 2 Beds Bungalow with 2 x 1 Bedroom Apt in the basement/Walk up. Live in the Main floor. Rent the basement. Will pay your mortgage. Showing with 24 Hour Notice. For more pics look at the previous listings. Survey Attached.

5 Elward Boulevard - Detached photo 1 of 2 in Birch Cliff / Cliffside, Ontario
5 Elward Boulevard - Detached photo 2 of 2 in Birch Cliff / Cliffside, Ontario
active
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$588,000 - 5 Elward Boulevard, Birch Cliff

Detached for Sale in Birch Cliff

53 days on market
4Beds
3Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
E13039552
Property Type
Detached
Status
active
Days on Site
53
Bedrooms
4
Bathrooms
3
Square Feet
700 - 1,099 sqft
Neighbourhood
Birch Cliff / Cliffside
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Description

Detached 30 ft frontage 2 Beds Bungalow with 2 x 1 Bedroom Apt in the basement/Walk up. Live in the Main floor. Rent the basement. Will pay your mortgage. Showing with 24 Hour Notice. For more pics look at the previous listings. Survey Attached.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,016.74/mo

Includes CMHC insurance ($16,405)

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5-yr fixed avg.

Principal: $529,200Interest: $359,418
Mortgage Amount$545,605
Total Interest$359,418
Est. Property Tax$417/mo
Total Cost$905,023

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: Birch Cliff / Cliffside

Discover Birch Cliff / Cliffside

Birch Cliff / Cliffside 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 Birch Cliff / Cliffside

  • Convenient location in Birch Cliff / Cliffside
  • 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

Birch Cliff / Cliffside 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

5 Elward Boulevard, Birch Cliff / Cliffside

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
5.4%
Good

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$417
Insurance (est.)-$123
Net Cash Flow+$2,660

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

Fair Market Value

At $840/sqft, this property is priced in line with current Birch Cliff 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.

Negotiation Opportunity

At 53 days on site, this property has exceeded the typical selling timeline for Birch Cliff. 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 Birch Cliff 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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Birch Cliff. Good resale value as demand remains consistent.

Bathroom Count Matters

With 3 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.

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    5 Elward Boulevard, Birch Cliff… — $588,000 | Battaglia Team