$988,800 - 53 Fraserton Crescent, Highland Creek
Detached for Sale in Highland Creek
- MLS Number
- E13141854
- Property Type
- Detached
- Status
- active
- Days on Site
- 22
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Scarborough (West Hill / Highland Creek)
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Fully renovated detached home, rare legal lower apartment with separate entrance. 6-bedroom layout (on both levels). This exceptional property has been completely redesigned from top to bottom, offering modern elegance, versatility, and outstanding income potential. Perfect for first-time buyers, multi-generational families, downsizers looking for mortgage support, or investors. The bright and spacious main level features 3 generously sized bedrooms, two full baths, a sun-filled open-concept living and dining area, and a beautifully upgraded kitchen with contemporary finishes. Thoughtfully renovated throughout with modern flooring, stylish bathrooms, and upgraded lighting. The standout feature is the fully legal lower-level 3-bedroom suite with a separate entrance, offering high ceilings and large windows. Whether you're looking to offset your mortgage with strong rental income or accommodate extended family, this basement apartment delivers exceptional flexibility and value. Located in a highly sought-after neighbourhood close to many schools, parks (Thomson Memorial Park and Scarborough Historical Museum), Scarborough General Hospital, shopping, transit, and all essential amenities. Convenient access to downtown Toronto via nearby Kennedy GO Station and walking distance to future TTC subway station. Turn-key, spacious, and investment-ready - this is a rare opportunity you won't want to miss.
Estimate your monthly payments for this property
Estimated Payment
$5,073.06/mo
Includes CMHC insurance ($27,588)
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 (West Hill / Highland Creek)
Scarborough (West Hill / Highland Creek) 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 (West Hill / Highland Creek)
- •Convenient location in Scarborough (West Hill / Highland Creek)
- •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 (West Hill / Highland Creek) 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.
53 Fraserton Crescent, Scarborough (West Hill / Highland Creek)
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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 $899/sqft, this property is priced in line with current Highland Creek 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.
Market Position
At 22 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.
Detached Home Advantages
Detached homes in Highland Creek 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 6 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 Highland Creek.
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: Highland Creek properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,120 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.