$799,000 - 53 Teresa Drive, Whitby
Detached for Sale in Whitby
62 days on market- MLS Number
- E13015382
- Property Type
- Detached
- Status
- active
- Days on Site
- 62
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Whitby
- Listing Brokerage
- ROYAL HERITAGE REALTY LTD.
This beautifully maintained 4 bedroom detached home on a quiet street in downtown Whitby blends modern updates with everyday comfort. The heart of the home is the bright, updated kitchen featuring Corian countertops, undermount lighting, pot lights, abundant cabinetry, and a full pantry-a true chef's workspace. The inviting family room offers a cozy fireplace and a walkout to the deck and private garden, perfect for relaxing or entertaining. A separate dining room provides generous space for large family gatherings. The spacious upper level offers four well-sized bedrooms, and the owners have thoughtfully transformed the former 2-piece ensuite into a beautifully modern main bath. The expansive above-grade basement is a standout feature, offering incredible flexibility. Generous rooms include a large rec room and laundry room as well as double doors leading to a 5th bedroom complete with ensuite and walk-in closet (currently used as home office). A great space for an inlaw suite or a home daycare, or a private work-from-home setup. Outside, you decide how you want to grow with a 2-car garage and parking for 4 additional vehicles. Plus garage access and an additional coat closet at the convenient side entrance. The location is ideal-within walking distance of parks, trails, and schools, and just minutes to Hwy 401 and all the amenities of downtown Whitby and nearby lakeside. This tastefully decorated, updated home is the place you will love to call home.
Estimate your monthly payments for this property
Estimated Payment
$4,099.28/mo
Includes CMHC insurance ($22,292)
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 Whitby
Whitby 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 Whitby
- •Convenient location in Whitby
- •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
Whitby 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 Teresa Drive, Whitby
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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 $533/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.
Negotiation Opportunity
At 62 days on site, this property has exceeded the typical selling timeline for Whitby. 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 Whitby 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 Whitby.
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.
Investment Perspective
Looking at this as an investment: Whitby properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,329 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.