40 Holmcrest Trail, Toronto, ON
Centennial Scarborough, Toronto · MLS® E13597790
About this home
In short
- Tucked away on a prestigious, tree-lined street backing onto a pristine ravine, this multi-generational paradise offers an in-ground pool, nature at your doorstep...
- Loved and meticulously maintained by the same owners for over 40 years, this deceptively spacious 5-level backsplit sits on a private, sun-drenched pie-shaped lot.
- Step outside into your private backyard oasis backing onto the ravine stretching toward Lake Ontario.
- Host summer gatherings around the in-ground pool, stone patio, and perennial gardens.
- Steps to Lake Ontario, top-rated schools, nature trails, U of T Scarborough, Rouge Hill GO, Kingston Rd, and Hwy 401.
Tucked away on a prestigious, tree-lined street backing onto a pristine ravine, this multi-generational paradise offers an in-ground pool, nature at your doorstep, and true cottage-country tranquility-right in the city! Loved and meticulously maintained by the same owners for over 40 years, this deceptively spacious 5-level backsplit sits on a private, sun-drenched pie-shaped lot. Inside, enjoy 4 bedrooms and 3 upgraded bathrooms, including a primary suite overlooking the backyard and forest with its own private ensuite. The ground floor features formal living and dining rooms, a large eat-in kitchen with a garden window, a cozy family room with a wood fireplace, and a flexible 4th bedroom next to an updated 3-piece bath-perfect for guests, extended family, or a home office. Further down, the lower level offers direct walk-up access to the yard, bright above-grade windows, a cold cellar, and massive storage. The lowest level includes a dedicated workshop with 3 large above-grade windows. Step outside into your private backyard oasis backing onto the ravine stretching toward Lake Ontario. Host summer gatherings around the in-ground pool, stone patio, and perennial gardens. A fully fenced side lawn keeps kids and pets safe, with direct side-door access right next to the laundry room and ground-floor bath. On the opposite side, a dedicated parking pad with a double-gate entry gives you secure, out-of-sight space for your boat, trailer, or other toys! Located in Centennial/West Rouge-Toronto's only high-rise-free neighbourhood, surrounded by water on 3 sides-you're supported by the active CCRA (local community association), keeping residents connected and informed for over 75 years! Steps to Lake Ontario, top-rated schools, nature trails, U of T Scarborough, Rouge Hill GO, Kingston Rd, and Hwy 401.
Key facts
- Property type
- Detached, Backsplit 5
- MLS®
- E13597790
- Bedrooms
- 4
- Bathrooms
- 3
- Size
- 2000-2500 sq ft
- Lot
- 60 × 144 ft
- Cross streets
- Cherryhill & Lawrence
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private Double
- Basement
- Finished, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $6,200 / 2026
- Days on market
- 88
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
overlooks backyard · large closet · hardwood floor
window · hardwood floor
closet · window
walk-out · fireplace · overlooks ravine
Window
bow window · hardwood floor
overlooks backyard · hardwood floor · double closet
3 pc ensuite · overlooks backyard · large closet
stainless steel appl · window
greenhouse window · overlooks family
walk-up · above grade window · b/i closet
Window
Listed at $1,350,000. Going by how homes in Centennial Scarborough and the wider GTA have actually closed against their asking prices (about 99%, 21 local closings in 90 days), the likely sale price is near $1.33M, if it sells. A realistic range is $1.25M to $1.50M.
Independent value check: $1.22M. Without looking at the asking price, our model values the home itself about 10% below the ask (homes like it typically land between $1.14M and $1.28M).
Why $1.22M. The typical detached home sold in Centennial Scarborough over the past year went for about $1.10M (75 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $6,200 a year; the typical home sold here pays about $5,100.
- ▲ Raises itIt is 2,000 to 2,500 sq ft; the typical home sold here is 1,500 to 2,000.
Longer on the market than typical. 88 days on the market against about 21 for homes like it here, and asking 11% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.33M, from 21 recent closings in this pocket.
The market behind the math:
About 3 months of inventory: 21 detached homes for sale in the area against 21 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $600/sqft against an area asking average of $610/sqft.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 21 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.32M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit
The 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.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($600/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Centennial Scarborough, so I widened the search to the surrounding area.
Based on 21 comparable homes that sold in Centennial Scarborough over the past two years, from 167 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.22M, which is where my estimate comes from.
Per square foot, these ask about $586/sqft; this home lists at $600/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Centennial Scarborough: $1.09M in September 2026, down 3% from a year ago, on 67 closings in 8 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.08M | 8 |
| February 2026 | $1.15M | 5 |
| March 2026 | $1.24M | 6 |
| April 2026 | $1.02M | 9 |
| May 2026 | $1.10M | 9 |
| June 2026 | $1.05M | 7 |
| July 2026 | $1.09M | 13 |
| September 2026 | $1.09M | 10 |
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.
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.
Also nearby: 5 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $1,080,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,972
- Property tax
- $517
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,488
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $23,475
- Toronto municipal land transfer tax
- $23,475
- Estimated closing costs
- $46,950
Plus your down payment of $270,000. 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
- $358,290
- Principal paid down
- $131,956
- Interest paid
- $226,334
- Balance remaining
- $948,044
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 12 whole-home leases in Centennial Scarborough signed at a median of $3,824 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,487. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.