8 Silverbelle Grove Unit 209, Toronto E11

Price: $465,000

4 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: E12731462

3+1 Stunning corner suite offering lots of natural light and among largest open concept floor plans in building(.Solarium could be used as 4th bedroom), 2 full washrooms. Kitchen entertains guests with granite L shaped countertops and 2 stool seating. Prime location with green park view .Walk to TTC, Mall , Community Ctr, Junior & Middle School, churches, Medical Bldg, Upgraded elevators/24 hr Security

8 Silverbelle Grove Unit 209 - Condo photo 1 of 23 in Scarborough (Morningside / West Hill), Ontario
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$465,000 - 8 Silverbelle Grove Unit 209, Morningside

Condo for Sale in Morningside

140 days on market
4Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
E12731462
Property Type
Condo
Status
active
Days on Site
140
Bedrooms
4
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
Scarborough (Morningside / West Hill)
Locker
Owned
Exposure
North East
Balcony
None
Listing Brokerage
RE/MAX CROSSROADS REALTY INC.
Description

3+1 Stunning corner suite offering lots of natural light and among largest open concept floor plans in building(.Solarium could be used as 4th bedroom), 2 full washrooms. Kitchen entertains guests with granite L shaped countertops and 2 stool seating. Prime location with green park view .Walk to TTC, Mall , Community Ctr, Junior & Middle School, churches, Medical Bldg, Upgraded elevators/24 hr Security

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,385.69/mo

Includes CMHC insurance ($12,974)

$
$
5%10%50%

5-yr fixed avg.

Principal: $418,500Interest: $284,234
Mortgage Amount$431,474
Total Interest$284,234
Est. Property Tax$329/mo
Total Cost$715,707

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 (Morningside / West Hill)

Discover Scarborough (Morningside / West Hill)

Scarborough (Morningside / West Hill) 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 (Morningside / West Hill)

  • Convenient location in Scarborough (Morningside / West Hill)
  • 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 (Morningside / West Hill) 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

8 Silverbelle Grove Unit 209, Scarborough (Morningside / West Hill)

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,320/mo
Range: $2,822 - $3,818
Cap Rate (ROI)
5.5%
Good

Monthly Cash Flow Breakdown

Rental Income+$3,320
Maintenance Fees-$780
Property Tax (est.)-$329
Insurance (est.)-$97
Net Cash Flow+$2,114

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 $388/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 140 days on site, this property has exceeded the typical selling timeline for Morningside. 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.

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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Morningside. Good resale value as demand remains consistent.

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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