16 McCowan Road, Toronto, ON
Cliffcrest, Toronto · MLS® E13578622
About this home
Discover an exceptional opportunity in the highly desirable Cliffcrest neighbourhood! This beautifully updated home offers the perfect combination of style, functionality, and income potential. Step inside to a warm and inviting main floor featuring a cozy wood-burning fireplace, perfect for relaxing evenings with family and friends. Outside, escape to your own private backyard complete with mature fruit trees-ideal for entertaining or simply enjoying peaceful outdoor living. The oversized double car carport provides abundant parking and exceptional storage space. Thoughtful upgrades include basement waterproofing, added insulation for improved energy efficiency, a new front door, and a new concrete side pathway leading to the backyard. The fully renovated lower level is a standout feature, offering a separate entrance, a stunning modern kitchen with new appliances, two beautifully renovated ensuite washrooms, a new furnace, and a new washer and dryer. Whether you're accommodating extended family, creating the ultimate teen retreat, or exploring the potential for supplemental rental income, this flexible space offers endless possibilities. The main floor kitchen has also been refreshed with new appliances, making this home truly move-in ready. Enjoy an unbeatable lifestyle just a short walk to Cliffcrest Plaza with Shoppers Drug Mart, No Frills, LCBO, banks, a bakery, restaurants, and other everyday conveniences. Families will appreciate the excellent nearby schools, including R.H. King Collegiate Institute, St. Agatha Catholic School (French Immersion), and H.A. Halbert Public School. Commuters will love the easy access to TTC and Eglinton GO Station, while nearby parks and green spaces complete this outstanding location. A rare opportunity to own a beautifully updated home in one of Scarborough's most sought-after family neighbourhoods-this is one you won't want to miss!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13578622
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 4 (1 half)
- Size
- 700-1100
- Lot
- 50 × 130 ft
- Cross streets
- Kingston Rd / Mccowan Rd
- Parking
- 2 garage · 6 parking (carport)
- Driveway
- Private
- Basement
- Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,197 / 2026
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Rooms
laminate · large closet · 3 pc ensuite
laminate · closet · 3 pc ensuite
open concept · ceramic floor
hardwood floor · closet · updated
tile floor · 2 pc ensuite
Combined w/Laundry
hardwood floor · closet · updated
laminate · pot lights · closet
hardwood floor · large window · updated
hardwood floor · closet · updated
2 Pc Ensuite
hardwood floor · fireplace · crown moulding
tile floor · stainless steel appl · renovated
Listed at $979,900, this home is about 15% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Below comparable homes on total price, yet the price per square foot ($1,089/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $679K, lower than the comparables and worth a second look.
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 $1.20M
- Bathrooms +$15K
- Adjusts to $1.21M
That comparable adjusts to $1.21M; the $1.16M estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is R H King Academy. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. McCowan Rd at Anson Ave is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.16M, median of 5 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Income potential
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 4% below the area average of $1,137/sqft.
View comparable listingsPrice per square foot vs the area average.
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: McCowan Rd at Anson Ave, about 44 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 17, 2026); conventional rates run a little higher.
Mortgage amount $783,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,183
- Property tax
- $350
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,533
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,073
- Toronto municipal land transfer tax
- $16,073
- Estimated closing costs
- $32,146
Plus your down payment of $195,980. 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
- $250,997
- Principal paid down
- $99,832
- Interest paid
- $151,165
- Balance remaining
- $684,088
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 CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.