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New2 hours ago

502 Scarborough Road

East End-Danforth, Toronto

$1,499,000

Detached|2-Storey
1 | 3 | 2
About this home

A Rare Find in East Toronto!! Welcome to 502 Scarborough Road.Discover a truly unique 2-storey home offering over 3100.sg ft. of living space, plus a fully finished basement with full ceiling height. A thoughtfully designed 2-storey addition, completed approximately 20 years ago, transformed this home into a bright, spacious and incredibly versatile property.The open-concept main floor is filled with natural light and offers plenty of room to live, work and entertain. The home was designed with a future elevator configuration, adding exciting potential for accessibility and long-term flexibility.Upstairs, the generous layout offers the possibility of enclosing an existing space to create a second bedroom, allowing the home to evolve with your needs.Outside, enjoy a 33' x 106' lot, private driveway and parking for 2 - 3 cars - a rare luxury in the city.And the location? Just a 12-minute walk to Main GO Station, putting you only 13 minutes from Union Station by GO train. Easy access to transit, shops, parks and everything the east end has to offer. Unique. Spacious. Flexible. Connected. A home with possibilities. 4 Fireplaces- are "as-is". Perfect home for artists/ art enthusiasts- perfect home to hang large artwork throughout! Fa

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$8,479
Lot Size33 ft x 107 ft
mls© NumberE13855690
Listed ByJohnston & Daniel

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%
$7,673
Property tax
$707
Heat allowance
$150
Housing costs
$8,529 / mo

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

Down payment20% · $299,800
25-yr amortization

Income needed

$262,000

gross annual household income

Payment at 4%
$6,308 / mo
Cash down
$299,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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