PH918-3650 Kingston Road, Toronto, ON

Scarborough Village, Toronto · MLS® E13765292

$489,000
For Sale
Listed 39 days agoNo offer date stated
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2Bedrooms
1Bathrooms
1Garage
800-899Sq ft

About this home

Welcome to this beautifully renovated penthouse featuring high ceilings, newer appliances, a highly functional split-bedroom floor plan and spectacular panoramic views. With no balcony or overhang above, the suite is flooded with natural light throughout the day, while its western exposure delivers gorgeous sunsets and sweeping views across the city.Enjoy the convenience of parking and a locker, along with an unbeatable location close to everything. GoodLife Fitness is directly across the street, with shopping, transit, restaurants and everyday amenities just steps away.Ideally situated near Guildwood and the Scarborough Bluffs, you're minutes from some of Toronto's most beautiful green spaces and waterfront destinations, including Bluffer's Park Beach and scenic trails. Enjoy the charm of Scarborough Village, great schools, its mature tree-lined streets and parks, plus convenient access to Guildwood GO for an easy commute downtown. Bright, beautifully updated and set above it all, this penthouse offers a rare combination of space, privacy and panoramic views - with the lake, the Bluffs and everyday conveniences all close to home.

Key facts

Property type
Condo Apartment, Apartment
MLS®
E13765292
Bedrooms
2
Bathrooms
1
Size
800-899 sq ft
Cross streets
Kingston Rd / Markham Rd
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$776/mo
Exposure
West
Property tax
$1,727 / 2026
Days on market
39
Listing brokerage
RE/MAX HALLMARK REALTY LTD.

Rooms

KitchenFlat2.95 × 3.38 m

Open Concept

Primary BedroomFlat4.42 × 3.04 m

window · laminate · double closet

BedroomFlat3.56 × 2.65 m

window · laminate · double closet

Dining RoomFlat6.79 × 3.38 m

combined w/living · laminate · w/o to balcony

Living RoomFlat6.79 × 3.38 m

combined w/dining · laminate · w/o to balcony

Our TakeTeam Asgarian · Broker
A small discount is typical
$479Klikely sale price

Listed at $489,000. Going by how homes in Scarborough Village and the wider GTA have actually closed against their asking prices (about 98%, 12 local closings in 90 days), the likely sale price is near $479K, if it sells. A realistic range is $451K to $518K.

Independent value check: $397K. Without looking at the asking price, our model values the home itself about 19% below the ask (homes like it typically land between $369K and $417K).

Why $397K. The typical condo sold in Scarborough Village over the past year went for about $440K (38 sales). What sets this one apart:

  • ▼ Lowers it strongly2 bedrooms and 1 baths, against 2+1 and 2 typically.
  • ▲ Raises itThe listing describes it as fully renovated or newly built.
  • ▲ Raises it slightlyIts maintenance fee is $776 a month; the typical unit sold here pays about $900.
  • ▼ Lowers it slightlyIt is 800 to 899 sq ft; the typical home sold here is 900 to 999.
List price
$451KBelow recent closings$518KAbove recent closings

Total price vs nearby homes. Likely closing about $479K, from 12 recent closings in this pocket.

The market behind the math:

12sold nearby · 90 days
$473Kmedian sold price
100%of asking, on average
+20%prices vs a year ago
~23 dayshomes like this take to sell
39days on market so far
$2,582/moest. rent · 12 leases
6.3%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 3.3 months of inventory: 13 condo apartment homes for sale in the area against 12 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $576/sqft against an area asking average of $504/sqft.

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 and this building.

It never sees the asking price. The 12 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $457K. Condition and finishes remain an in-person call.

What the listing highlights2 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
Schools & getting aroundcatchment and transit

The assigned public school is Scarborough Village Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

Based on 11 homes sold in this building over the past two years, from 63 closings in Scarborough Village.

Sold price trend

Median sold price for condos in Toronto: $540K in September 2026, down 4% from a year ago, on 10,804 closings in 12 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.

Month by month
MonthMedian soldClosings
October 2025$589K1052
November 2025$569K834
December 2025$545K659
January 2026$565K593
February 2026$575K722
March 2026$565K974
April 2026$565K1042
May 2026$560K1011
June 2026$558K1120
July 2026$560K1030
August 2026$548K882
September 2026$540K885

Neighbourhood & location

Scarborough Village, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Bayview Village
$543K
Moss Park
$549K
Waterfront Communities C8
$554K
Church-Yonge Corridor
$876K
Kensington-Chinatown
$585K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Mason Road Junior Public School
43%
Mason Road Junior Public SchoolPublic · Elementary · 1.0 km awayBelow the GTA average · 43% meet the provincial standard
Maplewood High SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
George P Mackie Junior Public School · Public elementary0.4 km · 81% at standard
Cedar Drive Junior Public School · Public elementary0.5 km · 53% at standard
Elizabeth Simcoe Junior Public School · Public elementary0.8 km · 81% at standard
Native Learning Centre East · Public secondary1.3 km
Cedarbrook Public School · Public elementary1.4 km · 48% at standard
St Ursula Catholic School · Catholic elementary1.4 km · 89% at standard
Bliss Carman Senior Public School · Public elementary1.4 km
Guildwood Junior Public School · Public elementary1.5 km · 80% at standard
Sir Wilfrid Laurier Collegiate Institute · Public secondary1.5 km · 68% at standard
Cedarbrae Collegiate Institute · Public secondary1.8 km · 56% at standard
Cornell Junior Public School · Public elementary1.9 km · 74% at standard
John McCrae Public School · Public elementary2.1 km · 54% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$2,229/mo
$107KIncome needed
4.6×Price ÷ income
$514Weekly cost
$12,510Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

71%mortgage
Mortgage $2,229Property tax $144Condo fee $776Total carry $3,149

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,163per month

Mortgage amount $391,200 · 4.49% over 25 years

$97,800Down payment (20.0%)
$391,200Loan before insurance
$0CMHC premium
$3,083Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,163
Property tax
$144
Condo / maintenance fees
$776
Heating
$0
Estimated monthly cost
$3,083

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$6,255
Toronto municipal land transfer tax
$6,255
Estimated closing costs
$12,510

Plus your down payment of $97,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,618/monthPayment at the qualifying rate

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

$257,704Total interest paid
$648,904Total of all payments
Principal $391,200 Interest $257,704
YearPrincipalInterestBalance
1$8,730$17,226$382,470
2$9,126$16,830$373,344
3$9,541$16,415$363,803
4$9,974$15,982$353,829
5$10,427$15,529$343,403
6$10,900$15,056$332,502
7$11,395$14,561$321,107
8$11,912$14,044$309,195
9$12,453$13,503$296,742
10$13,019$12,937$283,723
11$13,610$12,346$270,113
12$14,228$11,728$255,886
13$14,874$11,082$241,012
14$15,549$10,407$225,463
15$16,255$9,701$209,208
16$16,993$8,963$192,215
17$17,765$8,191$174,450
18$18,571$7,385$155,879
19$19,414$6,542$136,464
20$20,296$5,660$116,168
21$21,217$4,739$94,951
22$22,181$3,775$72,770
23$23,188$2,768$49,582
24$24,241$1,715$25,341
25$25,341$615$0

At the end of your 5-year term

Total paid over the term
$129,781
Principal paid down
$47,797
Interest paid
$81,983
Balance remaining
$343,403

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.

Let's connect

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

Rental yield
From 12 whole-home leases in Scarborough Village$2,582/mo
$30,984Gross annual rent
3.3%Cap rate after taxes and upkeep
$2,453 to $2,711Typical rent range
~18 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 12 whole-home leases in Scarborough Village signed at a median of $2,333 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,582. 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.

6.3%
Gross yield
− Property tax $1,727− Condo fees $9,315− Insurance $600− Vacancy & upkeep $3,408Net operating income $15,934

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.

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