124 Scarboro Crescent, Toronto, ON
Cliffcrest, Toronto · MLS® E13760646
About this home
In short
- Welcome To This Exceptional & RARE Ravine Lot In The Heart Of The Scarborough Bluffs Community.
- Surrounded by nature, enjoy a private backyard oasis with deer and serene ravine views.
- The 2nd Flr Features 2 Bright & Airey Suites, Each w/ a Walk-Out To a Large Deck & Ravine-Backed Yard.
- Both Units Include Living & Dining Areas, Eat-In Kitchen, 2 Bedrms & 2 Bathrms, Enhanced W Engineered Maple Flooring, Vaulted Ceilings & Large Skylights.
- Open Concept Bsmt Suite Provides a Comfortable 1 Bed Layout w a Living, Dining & Kitchen Area, Its Own Washer/Dryer & a 3-Piece Bathrm W/ a Glass Shower.
Welcome To This Exceptional & RARE Ravine Lot In The Heart Of The Scarborough Bluffs Community! Situated On A 60ft X 250ft Lot. This Home Offers Endless Possibilities For Investors, Multi-Generational Living Or Conversion Back To Single Family Hm, W/ 6 Beds, 4 Baths & 2 Family Rm's. Surrounded by nature, enjoy a private backyard oasis with deer and serene ravine views. Reno In 2016, This Unique Hm Offers 3 Well-Appointed Suites + A Bsmt Apartment. Each Suite w/ its own Laundry & W/O To Deck/Yard, Offering Privacy & Comfort. The Hm Also has 200 Amp Electrical Service. Spacious Main Flr Suite Features A Functional Layout With a Living, Dining & Family Rm, Eat-In Kitchen, 3-Pc Bath & a Generous Primary Bedrm With Wall-To-Wall Closets. Can open up To Make A Large Open Concept Kitchen And Family Rm with Wonderful Views Of The Garden. The 2nd Flr Features 2 Bright & Airey Suites, Each w/ a Walk-Out To a Large Deck & Ravine-Backed Yard. Both Units Include Living & Dining Areas, Eat-In Kitchen, 2 Bedrms & 2 Bathrms, Enhanced W Engineered Maple Flooring, Vaulted Ceilings & Large Skylights. The 2nd Flr Also Has Its Own Washer & Dryer For Added Convenience. Open Concept Bsmt Suite Provides a Comfortable 1 Bed Layout w a Living, Dining & Kitchen Area, Its Own Washer/Dryer & a 3-Piece Bathrm W/ a Glass Shower. The Attached Garage & Ample Parking Make This Property Ideal For Both Families And Investors. Located In The Highly Regarded Chine Drive School District & Just Minutes From The Bluffs, Beaches, Lake Ontario, And Scenic Trails Including; Scarborough Heights Waterfront Trail, Gates Gully, And Doris McCarthy Trail. This Hm Blends Comfort, Funtionality & Convenience, A Truly Unique Opportunity For Comfortable Living While Generating Income To Offset Your Mortgage, Configured For Multi-Generational Living, Offering Family/Friends The Comfort Of Separate Private Suites While Sharing One Exceptional Hm. A Rare Opportunity With Strong Long-Term Value & Versatile Living Potential!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13760646
- Bedrooms
- 5+1 (6 total)
- Bathrooms
- 7
- Size
- 3500-5000 sq ft
- Lot
- 60 × 250 ft
- Cross streets
- Kingston Rd & Midland Ave
- Parking
- 1 garage · 5 parking (attached)
- Driveway
- Private Double
- Basement
- Apartment, Finished
- Kitchens
- 4 (3 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $10,888 / 2026
- Days on market
- 40
- Listing brokerage
- MCCANN REALTY GROUP LTD.
Rooms
3 pc ensuite · picture window · walk-in closet(s)
combined w/dining · laminate · pot lights
laminate · picture window · w/w closet
hardwood floor · w/o to deck
laminate · open concept
combined w/kitchen · laminate · pot lights
hardwood floor · double closet · window
laminate · window · closet
laminate · window
large window · w/o to deck
hardwood floor · window
combined w/dining · hardwood floor · skylight
hardwood floor · open concept · vaulted ceiling(s)
combined w/kitchen · hardwood floor · skylight
combined w/kitchen · skylight · w/o to deck
laminate · fireplace · bay window
window · laminate
4 pc ensuite · hardwood floor · window
combined w/dining · quartz counter · skylight
Listed at $2,200,000. Going by how homes in Cliffcrest and the wider GTA have actually closed against their asking prices (about 97%, 29 local closings in 90 days), the likely sale price is near $2.13M, if it sells. A realistic range is $1.99M to $2.40M.
Independent value check: $1.88M. Without looking at the asking price, our model values the home itself about 14% below the ask (homes like it typically land between $1.77M and $1.97M).
Why $1.88M. The typical detached home sold in Cliffcrest over the past year went for about $950K (81 sales). What sets this one apart:
- ▲ Raises it stronglyIt is 3,500 to 5,000 sq ft; the typical home sold here is 1,100 to 1,500.
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $10,888 a year; the typical home sold here pays about $4,500.
- ▲ Raises it5+1 bedrooms and 7 baths, against 3+1 and 2 typically.
- ▲ Raises it slightlyIts lot is 60 by 250 ft; the typical lot sold here is 50 by 135.
Total price vs nearby homes. Likely closing about $2.13M, from 29 recent closings in this pocket.
The market behind the math:
About 2.1 months of inventory: 20 detached homes for sale in the area against 29 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $518/sqft against an area asking average of $689/sqft.
- basement apartment features. A finished 1 bed basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Cliffcrest: 26 of the 93 detached leases here lately were basement units, around $1,800 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.
- 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.
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 29 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.88M. 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
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit
Its public catchment (Chine Drive Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO 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 ($518/sqft) is below 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 Cliffcrest, so I widened the search to the surrounding area.
Based on 29 comparable homes that sold in Cliffcrest over the past two years, from 187 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 $616/sqft; this home lists at $518/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Cliffcrest: $883K in September 2026, down 16% from a year ago, on 73 closings in 9 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 | $1.03M | 11 |
| November 2025 | $1.16M | 7 |
| December 2025 | $933K | 5 |
| April 2026 | $929K | 8 |
| May 2026 | $936K | 8 |
| June 2026 | $813K | 8 |
| July 2026 | $990K | 6 |
| August 2026 | $853K | 8 |
| September 2026 | $883K | 12 |
Neighbourhood & location
Cliffcrest, 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 $1,760,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,731
- Property tax
- $907
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,639
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $41,475
- Toronto municipal land transfer tax
- $41,475
- Estimated closing costs
- $82,950
Plus your down payment of $440,000. 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
- $583,881
- Principal paid down
- $215,040
- Interest paid
- $368,841
- Balance remaining
- $1,544,960
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 Cliffcrest (26 of 93 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 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 5 whole-home leases in Cliffcrest signed at a median of $5,483 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,506. 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 MCCANN REALTY GROUP LTD.. MLS®/PropTx.