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New1 day ago

87 Cedar Brae Boulevard SE

Eglinton East, Toronto

$1,777,700

Detached|Bungalow
4 | 2 | 8
About this home

A RARE LAND OPPORTUNITY IN ONE OF SCARBOROUGH'S ESTABLISHED POCKETS Estate Sale | As-Is, Where-Is 19,396.55 SQ. FT. | NEARLY 0.5 ACREA true Muskoka-like retreat in the city, where mature trees, privacy and tranquillity create arare sense of escape on an exceptionally large residential parcel.Located on Cedar Brae Blvd, an established residential street in Scarborough, the property offers something increasingly difficult to find in Toronto: nearly half an acre of land within an established neighbourhood.The opportunity extends beyond the existing home. The land itself is the asset. Generous frontage, mature trees, established homes and nearby ravines create a private,natural setting that feels remarkably removed from the pace of the city while remaining well connected to transportation, amenities and the broader Toronto network.THE FEELING OF A RETREAT. THE CONNECTIONS OF THE CITY. The property combines the scale and privacy of an estate-like setting with convenient cityaccess. Approximately:15-minute walk / 5-minute drive to Eglinton GO Station1.7 km to the future McCowan Road Subway StationClose to parks, ravines, schools, shops and TTC service Within an established community characterized by mature streetscapes and generous properties Space and privacy, without giving up access to the city. A PROPERTY WITH POSSIBILITIES The scale and setting may appeal to builders, developers, investors and end users with different objectives.Potential strategies may include: Renovate the existing home Rebuild a custom residence designed around the property Create a multigenerational residenceExplore multiplex or multifamily opportunities Investigate longer-term redevelopment potential Acquire and hold as a land investment The appropriate strategy will depend on the buyer's objectives, applicable zoning, municipal requirements, approvals and independent due diligence.

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Contact nest zoom realty.

nest zoom realty
(416) 276-9973
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,666
Lot Size75.33 ft x 249 ft
mls© NumberE13761804
Listed ByVALERY REAL ESTATE INC.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$9,099
Property tax
$556
Heat allowance
$150
Housing costs
$9,805 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $355,540
25-yr amortization

Income needed

$302,000

gross annual household income

Payment at 4%
$7,481 / mo
Cash down
$355,540

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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