$679,000 - 50 Morecambe Gate Unit B108, Scarborough Village
Condo for Sale in Scarborough Village
- MLS Number
- E13208350
- Property Type
- Condo
- Status
- active
- Days on Site
- 18
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Scarborough Village / Eglinton East
- Locker
- Owned
- Exposure
- East West
- Balcony
- Terrace
- Listing Brokerage
- HOMELIFE/BAYVIEW REALTY INC.
Welcome to Victoria Gardens, a highly sought-after community ideally situated at Victoria Park & Finch in the heart of North York.This newer, beautifully upgraded residence offers an exceptionally rare and versatile layout featuring two spacious living areas, two dining spaces, two bedrooms with walk-in closets, and two separate entrances with private terraces. Each section of the unit has its own private living space and washroom, making it perfect for multi-generational living, work-from-home flexibility, or as an income-generating rental property.The unit also features an in-suite washer and dryer, with only the kitchen and laundry conveniently shared between both living spaces, giving each occupant maximum privacy and independence.Thoughtfully designed with thousands spent in upgrades, this stunning home showcases modern laminate flooring, upgraded bathrooms, and a chef-inspired kitchen complete with quartz countertops and stainless steel appliances.Enjoy unbeatable convenience just steps to transit, Seneca College, grocery stores, restaurants, and shopping, and just minutes to Highways 404 and 401 and Fairview Mall for effortless commuting and everyday living.A unique opportunity to own a stylish, functional, and income-flexible home in one of North York's most connected neighbourhoods. Don't miss this exceptional property.
Estimate your monthly payments for this property
Estimated Payment
$3,483.62/mo
Includes CMHC insurance ($18,944)
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.
50 Morecambe Gate Unit B108, 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 $566/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.
Market Position
At 18 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $2,829 (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.