$999,998 - 83 Pegasus Trail, Highland Creek
Detached for Sale in Highland Creek
- MLS Number
- E13177126
- Property Type
- Detached
- Status
- active
- Days on Site
- 20
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Scarborough (West Hill / Highland Creek)
- Listing Brokerage
- RE/MAX CROSSROADS REALTY INC.
A Rare Ravine Bungalow - Once-in-a-Lifetime Opportunity! Discover this stunning, one-owner bungalow set on an exceptional 65-ft-wide ravine lot, offering the perfect blend of space, privacy, and natural beauty right in the city. Homes like this rarely come to market-don't miss your chance. Step inside to a bright and expansive layout featuring a separate living room with soaring ceilings and a beautiful bay window, filling the space with natural light. The formal dining area walks out to a serene backyard, perfect for entertaining or enjoying peaceful evenings surrounded by nature. The upgraded kitchen is designed for both function and style, complete with granite countertops, a central island, and a walk-out to the backyard, making indoor-outdoor living effortless. The main level offers 4 spacious bedrooms and 2 full bathrooms, ideal for families seeking comfort and convenience on one floor. Downstairs, the basement opens up endless possibilities, featuring a large recreation room with a cozy gas fireplace, a walk-out entrance, an additional bedroom, a 3-piece bathroom, and a generous storage area. With its layout and separate access, it offers excellent potential for an in-law suite or income-generating unit. Unmatched ravine setting, Rare 65 ft frontage, Walk-out basement with income potential. This is not just a home-it's a lifestyle opportunity you won't find elsewhere. Come see it in person and experience the difference- fulfil your dream. That's not it! Walk to School, Parks. Minutes to the hospital, STC, 401 and grocery shops. Get it or miss it!
Estimate your monthly payments for this property
Estimated Payment
$5,130.51/mo
Includes CMHC insurance ($27,900)
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.
83 Pegasus Trail, 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
Competitive Pricing
At $667/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.
Market Position
At 20 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 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 Highland Creek.
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: Highland Creek properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,167 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.