$968,880 - 5 Firebrace Road, Scarborough Village
Detached for Sale in Scarborough Village
New — Listed yesterday- MLS Number
- E13450610
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Scarborough Village / Eglinton East
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
Welcome To 5 Firebrace Rd In Scarborough's Sought-After Steeles Community. This Detached Family Home Features 4 Full Bedrooms On The Second Floor, An Open-Concept Living & Dining Area, And A Spacious Kitchen With Room For A Breakfast Bar By The Window.The Finished Basement Offers A Separate Side Entrance, Second Kitchen, Additional Bedroom, And Full Bathroom-Ideal For Multi-Generational Living Or Additional Rental Income. At the Front Of The House, Enjoy A Covered Front Porch, Detached Garage, And Parking For 3 Vehicles (1 Garage + 2 Driveway Spaces). Just 2 Minutes To Hwy 404 & Steeles, A 1-Minute Walk To The Nearest Bus Stop, And Approx. 2.5 Km To Milliken GO Station. T&T Supermarket, Foody Mart, Costco, Shopping, Restaurants, And Daily Amenities Are All Minutes Away. Located In A Top-Ranked School Catchment, Including Dr. Norman Bethune Collegiate Institute, Ranked Among Ontario's Top 100 Secondary Schools By The Fraser Institute. Access To Public, Catholic, French Immersion, Gifted, AP, IB, And Private School Options.An Excellent Opportunity For Families, Investors, Or Those Seeking A Home With Income Potential In A High-Demand Neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$4,970.86/mo
Includes CMHC insurance ($27,032)
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.
5 Firebrace Road, 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
Competitive Pricing
At $646/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.
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.
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 Scarborough Village.
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: Scarborough Village properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,037 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.