4 Drake Crescent, Toronto, ON
Cliffcrest, Toronto · MLS® E13561458
About this home
Welcome to 4 Drake Crescent, Luxury residence positioned in one of Scarborough's most sought-after waterfront communities with unobstructed lake views and over 4,800 sq ft of total living space. Just moments from the Scarborough Bluffs, waterfront trails, parks, marinas, schools, and commuter routes, this home offers the perfect blend of luxury and lifestyle. Designed with premium finishes throughout, the home features 10 ft ceilings on the main floor, 9 ft ceilings on the upper and lower levels, engineered Oak flooring throughout the main and upper floors. Spray foam insulation, recessed lighting, and elegant cove lighting integrated into the living and dining ceilings. The chef-inspired kitchen showcases quartz countertops, upgraded appliances, built-in coffee maker, convection microwave, wine fridge, and custom integrated-style oven doors.The family room features full custom millwork, gas fireplace, hardwood flooring, and walk-out to a balcony overlooking the backyard and lake beyond. Upstairs offers 4 spacious bedrooms including a luxurious primary retreat with double door entry, private terrace, unobstructed lake views, custom walk-in closet built-ins, dedicated vanity room, and spa-inspired 6-piece ensuite with Toto electronic bidet toilet and heated floors. All Full Bathrooms feature heated floors. The fully finished lower level with 9 ft ceilings includes 3 additional rooms currently set up as a gym, office, and guest bedroom, plus a large rec room with electric fireplace, entertainment system, wet bar with sink and wine fridge, sliding walk-up access, vinyl plank flooring, 8-person sauna, and 4-piece bathroom. Additional highlights include a large foyer with custom storage, upper-level laundry room with sink, side entrance, fully fenced backyard with hardscaped patio and room for a pool, 1-car garage with workshop space, 4 driveway parking spaces, and upgraded 1-inch water service.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13561458
- Bedrooms
- 7 (4 + 3)
- Bathrooms
- 6 (1 half)
- Size
- 3000-3500
- Lot
- 52 × 126 ft
- Cross streets
- Kingston Rd and Midland Ave
- Parking
- 1 garage · 5 parking (built-in)
- Basement
- Walk-Up, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Flat, Membrane
- Sewer
- Sewer
- Days on market
- 3
- Listing brokerage
- RE/MAX URBAN TORONTO TEAM REALTY INC.
Rooms
large window · hardwood floor
Vinyl Floor
4 pc ensuite · b/i closet · hardwood floor
vinyl floor · electric fireplace · walk-up
4 pc ensuite · b/i closet · hardwood floor
electric fireplace · b/i shelves · walk-out
4 pc ensuite · walk-in closet(s) · hardwood floor
B/I Shelves
open concept · hardwood floor
Vinyl Floor
b/i vanity · 6 pc ensuite · w/o to balcony
quartz counter · hardwood floor · stainless steel appl
Listing history
- Jul 14, 2026Listed$2,949,000
Price and status history from the listing board. Deemed reliable but not guaranteed.
Listed at $8,995/mo, this rental is tracking about 17% above a wider set of rentals, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 14 similar rentals nearby, adjusted for size, beds, and baths.Median of 14 comparable active listings, adjusted for size, beds, and baths.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $3,500/mo
- Size difference +$2,016/mo
- Bedrooms +$450/mo
- Bathrooms +$300/mo
- Adjusts to $6,266/mo
That comparable adjusts to $6,266/mo; the $7,712/mo estimate above is the median of all 14 comparables, which is steadier than any single home.This uses comparable active listings, not leased-deal prices. Condition, finishes, and exact inclusions are my in-person call.
Its public catchment (Chine Drive Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. Kingston Rd at Ridgemoor Ave is about a 8-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $7,712/mo, median of 14 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Heated floors: comfort and a premium-finish signal.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Lifestyle
- Weigh carefully
- Worth verifying
1 days longer than the Toronto average (2 days).
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Cliffcrest, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Kingston Rd at Ridgemoor Ave, about 637 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.
Mortgage amount $7,196 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $38
- Property tax
- $6
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $44
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $45
- Toronto municipal land transfer tax
- $45
- Estimated closing costs
- $90
Plus your down payment of $1,799. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $2,304
- Principal paid down
- $916
- Interest paid
- $1,388
- Balance remaining
- $6,280
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX URBAN TORONTO TEAM REALTY INC.. MLS®/PropTx.