60 Morecambe Gate Unit C319, Toronto E05

Price: $668,800

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: E13140412

Welcome To this lovely Victoria Garden Stacked Townhouse(On third and fourth floor), Two and half years new, Modern Luxury, Sunlight filled cozy unit, Over 1,000 Sqft Of Well-Planned Living Space, 9 ft ceiling height for both floor. One large master bed room on top floor, with 4 Pcs En-Suite! , walk out to a huge 298 sq ft Terrance, Offering Great Airflow And Scenic Park Views. Den on main floor, light installed on ceiling, can be easily converted to second bedroom or home Office with a full washroom beside. Bright Open-Concept Design And Durable Laminate Flooring Throughout All Living Areas. Open Concept Kitchen Features Breakfast Bar, S/S Appls, Backsplash, Quartz Counter W/Undermount Sink. Walk out to balcony from living room. One underground Garage Parking Space and one locker. Amenity includes: gym, library, Multi-Purpose room(party room), private dining room, game room, mind fitness room, children play room and billiard room, and visitor parking. Quiet and Peaceful neighborhood, steps to TTC bus station, Playgrounds, Parks, Schools, And Shopping, Short drive to Hwy 401, 404, and 407, And Close To Seneca College, Bridlewood Mall, T&T, Fairview Mall, Restaurants, Supermarkets, And More.

60 Morecambe Gate Unit C319 - Condo photo 1 of 36 in Scarborough Village / Eglinton East, Ontario
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New Listing
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$668,800 - 60 Morecambe Gate Unit C319, Scarborough Village

Condo for Sale in Scarborough Village

New — Listed 6 days ago
2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
E13140412
Property Type
Condo
Status
active
Days on Site
6
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Scarborough Village / Eglinton East
Locker
Owned
Exposure
North East
Balcony
Terrace
Listing Brokerage
HOMELIFE NEW WORLD REALTY INC.
Description

Welcome To this lovely Victoria Garden Stacked Townhouse(On third and fourth floor), Two and half years new, Modern Luxury, Sunlight filled cozy unit, Over 1,000 Sqft Of Well-Planned Living Space, 9 ft ceiling height for both floor. One large master bed room on top floor, with 4 Pcs En-Suite! , walk out to a huge 298 sq ft Terrance, Offering Great Airflow And Scenic Park Views. Den on main floor, light installed on ceiling, can be easily converted to second bedroom or home Office with a full washroom beside. Bright Open-Concept Design And Durable Laminate Flooring Throughout All Living Areas. Open Concept Kitchen Features Breakfast Bar, S/S Appls, Backsplash, Quartz Counter W/Undermount Sink. Walk out to balcony from living room. One underground Garage Parking Space and one locker. Amenity includes: gym, library, Multi-Purpose room(party room), private dining room, game room, mind fitness room, children play room and billiard room, and visitor parking. Quiet and Peaceful neighborhood, steps to TTC bus station, Playgrounds, Parks, Schools, And Shopping, Short drive to Hwy 401, 404, and 407, And Close To Seneca College, Bridlewood Mall, T&T, Fairview Mall, Restaurants, Supermarkets, And More.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,431.29/mo

Includes CMHC insurance ($18,660)

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5-yr fixed avg.

Principal: $601,920Interest: $408,808
Mortgage Amount$620,580
Total Interest$408,808
Est. Property Tax$474/mo
Total Cost$1,029,387

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.

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Neighbourhood Guide: Scarborough Village / Eglinton East

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

60 Morecambe Gate Unit C319, Scarborough Village / Eglinton East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
2.0%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$474
Insurance (est.)-$139
Net Cash Flow+$1,097

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $669/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.

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 $2,787 (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.

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