$658,800 - 50 Morecambe Gate Unit B207, Scarborough Village
Condo for Sale in Scarborough Village
New — Listed yesterday- MLS Number
- E13451064
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Scarborough Village / Eglinton East
- Locker
- Owned
- Exposure
- East West
- Balcony
- Open
- Listing Brokerage
- BAY STREET GROUP INC.
Freshly updated and beautifully maintained, this luxurious 2-bedroom plus den, 2-bathroom condo townhouse at Victoria Garden offers a rare and highly functional flat-unit layout with no stairs, ideal for those seeking condo-style living with the privacy, comfort, and ease of a townhouse setting with low maintenance fees! Built in 2023 and spanning 1,049 sqft (MPAC)., this bright and spacious home features modern laminate flooring, upgraded bathrooms, and a versatile den that can be used as a third bedroom. The open-concept kitchen is chef-inspired with quartz countertops, stainless steel appliances, soft-close cabinets, and a seamless flow into the living and dining areas. Also equipped with smart home security system with camera, digital thermostat, one EV parking spot, and one locker; Residents also enjoy excellent amenities including 24hr security, a gym, library, party room, private dining room, games room, mind fitness room, children's playroom, billiards room, visitor parking, and more. Perfectly located at Finch and Victoria Park, 50 Morecambe Gate Unit B207 offers TTC at your doorstep and quick access to Highways 401, 404, and 407, with Seneca College, North York General Hospital, Fairview Mall, Bridlewood Mall, T&T supermarket, restaurants, parks, playgrounds, schools, recreation centres, and everyday conveniences all nearby. A quiet, peaceful, and convenient community offering modern comfort, outstanding functionality, and exceptional value. Move-in Ready! Do Not Miss!
Estimate your monthly payments for this property
Estimated Payment
$3,379.99/mo
Includes CMHC insurance ($18,381)
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 B207, 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 $659/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.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,745 (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.