38 Centennial Road, Toronto, ON
Centennial Scarborough, Toronto · MLS® E13565172
About this home
You don't usually find this kind of land anymore. Nearly half an acre, dropping into a ravine out back. No neighbours. No noise. Just trees, sky, deer and birds on a west-facing backyard that earns its keep every evening when the sun starts to set. A custom-built home, lived in properly; enjoyed, not dressed up for resale. Well maintained and ready for what's next. Inside, a layout that does what it's supposed to do. Almost 5,000 square feet of enjoyable total living space. Separate living, dining rooms, each with its own character. Bow windows with window seats that actually get used. Light shines in where you want it. Everyone can gather in an impressive family room, overlooking nature, warmed by a wood-burning fireplace and walkout to an elevated deck. A family-sized eat-in kitchen with peninsula breakfast bar, built-in oven, pantry storage, and a dedicated breakfast area. Walkout to the deck-one from the kitchen, and as mentioned, one from the family room-because that's how people actually live. Upstairs, a proper primary bedroom with a 4-piece ensuite with heated floors, step-up jetted soaker tub and separate shower. Two additional bedrooms with double closets (one is an unexpected walk-in) and a full family bath. Above the garage, a separate upper-level suite. Bright, vaulted ceilings, skylights, dormers with storage, and a 3-piece washroom with heated floors. Use it as a home office, art studio, in-law space, separate living quarters; whatever it's needed to be. Partly finished walkout basement with an additional bedroom, above-grade windows and direct backyard access. 3-car garage with rear roll-up utility door. 6-car driveway, no sidewalk. Separate breezeway entrance. Retractable awning. Central air, high-efficiency gas furnace (2015), humidifier, fresh air exchanger, central vacuum, intercom, and whole-home water filtration. Ravine-backed. West-facing. Nearly half an acre. You can change a house. You don't get another shot at this lot.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13565172
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000
- Lot
- 75 × 270.88 ft
- Cross streets
- CENTENNIAL RD AND LAWRENCE AVE E
- Parking
- 3 garage · 9 parking (attached)
- Basement
- Walk-Out, Partially Finished
- Heating
- Forced Air
- A/C
- Central Air, Wall Unit(s)
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $7,307 / 2025
- Days on market
- 2
- Listing brokerage
- REAL ESTATE HOMEWARD
Rooms
broadloom · ensuite bath · separate room
brick fireplace · overlooks ravine · w/o to deck
above grade window · closet · closet organizers
4 pc ensuite · walk-in closet(s) · overlooks ravine
partly finished · concrete floor · above grade window
family size kitchen · w/o to deck · west view
concrete floor · laundry sink · partly finished
double closet · casement windows · west view
west view · stainless steel appl · breakfast bar
walk-out · partly finished · concrete floor
bow window · casement windows · separate room
separate room · bow window · casement windows
walk-in closet(s) · casement windows · double closet
Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe assigned public school is Sir Oliver Mowat Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Lawrence Ave East at Centennial Rd East Side is about a 3-minute walk away.
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.
- Walk-out basement: natural light and strong in-law or income potential.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Heated floors: comfort and a premium-finish signal.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Primary suite: a key comfort and resale feature.
- Income potential
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 33% below the area average of $538/sqft.
1 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Centennial Scarborough, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Somewhat 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.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: Lawrence Ave East at Centennial Rd East Side, about 255 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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $1,219,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,510
- Property tax
- $609
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,119
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,973
- Toronto municipal land transfer tax
- $26,973
- Estimated closing costs
- $53,946
Plus your down payment of $304,980. 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
- $390,597
- Principal paid down
- $155,357
- Interest paid
- $235,240
- Balance remaining
- $1,064,563
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.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of REAL ESTATE HOMEWARD. MLS®/PropTx.