88 Colonel Danforth Trail, Toronto, ON
Centennial Scarborough, Toronto · MLS® E13648144
About this home
In short
- Something Very Special Here.
- Home Features Updated Windows, Updated Interior & Exterior Doors, Self-Closing Interior Doors, Motorized Blinds W/Remotes, Porcelain & Ceramic Floors, Engineered...
- The Second Floor Has 4 bedrooms Plus Studio Loft (Potential For 5th Bedroom!), A large Primary With 5 Piece Ensuite, Walk-in Closet And Home Office With Staircase...
- A Brilliant Backyard Oasis With Saltwater Inground Pool And All The Elements for Exquisite Outdoor Entertaining.
- (Fully Fenced Yard; Covered Patio With Second Mounted TV, Hot Tub, Gas BBQ, Gazebo With Third Mounted TV And Change Rooms.) The Finished Basement With Separate...
Something Very Special Here! Gorgeous Executive 2-Storey, 4 Bedroom Home (Potential For 5!), 5 Washrooms Plus Home boasts 8 Separate Exits/Walkouts! Approx. 3700 SQ.FT. On A 100' x 194' Lot And Triple Garage! The Location Is Perfect, A Country-Like Setting Next To Highland Creek. Spacious Principle Rooms Include: Formal Foyer With Skylight & Open Staircase; Library; Family. Room. With Gas Fireplace; Formal Dining. Room; Sunken Living Area. Incls: Mounted T.V. & Walkout To Terrace; Main Floor 2pc Powder Room; Separate Breakfast Area With Walkout To A 40 Foot+ Terrace Overlooking Yard. Updated Dream Kitchen, 6 Built-In Appliances, Intercom, Breakfast Bar With Mini Sink & Wine Fridge. Next to Kitchen An Updated Laundry, Direct Garage. Access and Private Back Stairway to Primary Bedroom and Home Office! Home Features Updated Windows, Updated Interior & Exterior Doors, Self-Closing Interior Doors, Motorized Blinds W/Remotes, Porcelain & Ceramic Floors, Engineered Hardwood Flrs, Pot Lights And Crown Moulding. The Second Floor Has 4 bedrooms Plus Studio Loft (Potential For 5th Bedroom!), A large Primary With 5 Piece Ensuite, Walk-in Closet And Home Office With Staircase Leading To Kitchen, Lndry And Garage. 2nd Bdrm incls Semi-4pc Ensuite. The Studio Loft has loads of Potential Including A 5th Bedroom. A Brilliant Backyard Oasis With Saltwater Inground Pool And All The Elements for Exquisite Outdoor Entertaining. (Fully Fenced Yard; Covered Patio With Second Mounted TV, Hot Tub, Gas BBQ, Gazebo With Third Mounted TV And Change Rooms.) The Finished Basement With Separate Entrance Is Perfect For Entertaining! Includes: A Lovely Rec Rm With Gas Fireplace And Fourth Mounted TV; Massive Bar for Entertaining and Fifth Mounted TV; Games Area And A Second Kitchen; Plus A Separate Home Gym W/Rubber Floor. Could Be Another Bedroom; Second Laundry + Storage And 5pc Bath. Please Review Floor Plans/Photos/Matterport/Survey. Note: All Hardwood Floors are "Engineered"
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13648144
- Bedrooms
- 4
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 100.11 × 194.85 ft
- Cross streets
- Meadowvale Rd & Lawrence Ave. E.
- Parking
- 3 garage · 10 parking (attached)
- Driveway
- Private
- Basement
- Finished with Walk-Out, Separate Entrance, Walk-Up
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground, Salt
- Property tax
- $9,489 / 2026
- Days on market
- 74
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
combined w/office · walk-in closet(s) · 5 pc ensuite
b/i appliances · breakfast bar · wet bar
double closet · ceiling fan(s)
w/o to terrace · porcelain floor · crown moulding
Gas Fireplace
4 pc ensuite · double closet
Combined w/Laundry
sunken room · l-shaped room · w/o to terrace
Unfinished
access to garage · b/i shelves
double closet · ceiling fan(s)
W/O To Pool
Open Concept
b/i appliances · b/i bar
formal rm · crown moulding · hardwood floor
b/i shelves · porcelain floor · crown moulding
gas fireplace · hardwood floor · crown moulding
Listed at $2,300,000. 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 $2.27M, if it sells. A realistic range is $2.13M to $2.56M.
Independent value check: $1.88M. Without looking at the asking price, our model values the home itself about 18% below the ask (homes like it typically land between $1.76M and $1.96M).
Why $1.88M. 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 stronglyIt is 3,500 to 5,000 sq ft; the typical home sold here is 1,500 to 2,000.
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $9,489 a year; the typical home sold here pays about $5,100.
- ▲ Raises itIts lot is 100 by 195 ft; the typical lot sold here is 52 by 118.
- ▲ Raises it slightly3 garage and 10 total parking spaces, against 2 and 4 typically.
Longer on the market than typical. 74 days on the market against about 21 for homes like it here, and asking 23% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $2.27M, from 21 recent closings in this pocket.
The market behind the math:
About 1.9 months of inventory: 13 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 $541/sqft against an area asking average of $563/sqft.
- Walk-out basement apartment features. A finished walk-out basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Centennial Scarborough: 19 of the 55 detached leases here lately were basement units, around $1,850 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
- 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.
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 $1.64M. 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
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 ($541/sqft) is in line with the area, so you are paying for extra space rather than a premium.
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
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.
Nothing 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 $1.88M, which is where my estimate comes from.
Per square foot, these ask about $467/sqft; this home lists at $541/sqft. Size is part of the price story, not just the sticker.
The 3 closest 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: 12 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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $1,840,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,174
- Property tax
- $791
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,964
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $43,975
- Toronto municipal land transfer tax
- $43,975
- Estimated closing costs
- $87,950
Plus your down payment of $460,000. 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
- $610,421
- Principal paid down
- $224,814
- Interest paid
- $385,607
- Balance remaining
- $1,615,186
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
The suite is real income here: basements rent in Centennial Scarborough (19 of 55 recent detached leases were basement units, around $1,850 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,850 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 19 whole-home leases in Centennial Scarborough signed at a median of $3,699 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,189. 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 RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.