$1,088,000 - 77 Peace Drive, Highland Creek
Detached for Sale in Highland Creek
47 days on market- MLS Number
- E13058642
- Property Type
- Detached
- Status
- active
- Days on Site
- 47
- Bedrooms
- 7
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Scarborough (West Hill / Highland Creek)
- Lot Size
- 6,609 sqft
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
Client RemarksIncome Potential Meets Modern Living in Prime Woburn! Fully renovated 3+4 bedroom detached bungalow offering a rare opportunity for both end-users and investors. Featuring two self-contained 2-bedroom basement suites with separate entrances, kitchens, and bathrooms, can generate extra $4000 rental income. This home is ideal for generating strong rental income or accommodating multi-generational living. Main floor showcases a bright open-concept layout with large windows, smooth ceilings, modern lighting, elegant glass railings, and premium flooring throughout. The upgraded kitchen features quartz countertops, a waterfall island, custom cabinetry, and stainless steel appliances. Spacious bedrooms with custom closets and beautifully renovated bathrooms. Lower level offers excellent income potential with two well-designed suites, providing flexibility and privacy. Additional features include smart home upgrades (smart thermostat, keyless entry, smart doorbell), double car garage plus 4-car driveway. Conveniently located steps to TTC, minutes to GO Transit, Hwy 401, Scarborough Town Centre, Centennial College, and University of Toronto Scarborough. A rare turnkey property with strong income potential in a high-demand location.
Estimate your monthly payments for this property
Estimated Payment
$4,812.59/mo
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.
77 Peace Drive, Scarborough (West Hill / Highland Creek)
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $989/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.
Negotiation Opportunity
At 47 days on site, this property has exceeded the typical selling timeline for Highland Creek. 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 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 7 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 $4,533 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.