3 Kingsmere Crescent, Toronto, ON

Scarborough Village, Toronto · MLS® E13830554

$974,900
For Sale
Listed 24 days agoNo offer date stated
3+1Bedrooms
2Bathrooms
1Garage · 4 parking
700-1100Sq ft

About this home

In short

  • Exceptional value in one of Scarborough's established and sought-after neighbourhoods.
  • Nestled on a quiet crescent in Scarborough Village, this extensively renovated bungalow offers turnkey living, incredible flexibility, and built-in income potential.
  • The self-contained lower-level suite with separate entrance provides exceptional versatility for rental income, multi-generational living, extended family, guests, or...
  • Enjoy your morning coffee on the front porch while the kids walk to school just steps away.
  • Renovated, move-in ready, and exceptionally well maintained, this home delivers outstanding value and flexibility in a location with enduring appeal.

Exceptional value in one of Scarborough's established and sought-after neighbourhoods! Nestled on a quiet crescent in Scarborough Village, this extensively renovated bungalow offers turnkey living, incredible flexibility, and built-in income potential.Set on a generous 64 x 140 ft lot, this meticulously maintained home features a bright, welcoming layout designed for comfortable family living. The self-contained lower-level suite with separate entrance provides exceptional versatility for rental income, multi-generational living, extended family, guests, or a private home office.The expansive backyard is a true highlight, offering plenty of room for entertaining, gardening, children's play, or simply enjoying outdoor living. A single-car attached garage plus parking for four vehicles adds everyday convenience.Enjoy your morning coffee on the front porch while the kids walk to school just steps away. Ideally located minutes from the Scarborough Bluffs, GO Station, waterfront trails, parks, schools, shopping, and major transit routes, this home offers the perfect balance of neighbourhood charm and urban accessibility.For buyers seeking a detached home with space, income potential, parking, and a large lot-without the million-dollar-plus price tag-this is an opportunity worth exploring. Renovated, move-in ready, and exceptionally well maintained, this home delivers outstanding value and flexibility in a location with enduring appeal.

Key facts

Property type
Detached, Bungalow
MLS®
E13830554
Bedrooms
3+1 (4 total)
Bathrooms
2
Size
700-1100 sq ft
Lot
64.69 × 140 ft
Cross streets
Kingston Rd & Eglinton Ave E
Parking
1 garage · 4 parking (attached)
Driveway
Private
Basement
Finished, Separate Entrance
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Block
Roof
Shingles
Sewer
Sewer
Property tax
$5,075 / 2026
Days on market
24
Listing brokerage
Signature Elite Realty Ltd.

Rooms

KitchenBasement4.17 × 3.81 m

vinyl floor · above grade window · eat-in kitchen

Bedroom 2Main2.77 × 4.29 m

hardwood floor · closet · window

BedroomBasement4.39 × 4.25 m

vinyl floor · closet

LaundryBasement2.76 × 2.54 m

tile floor · separate room

RecreationBasement3.99 × 8.20 m

vinyl floor · b/i shelves · above grade window

KitchenMain3.96 × 4.01 m

tile floor · granite counters · stainless steel appl

Dining RoomMain2.46 × 3.14 m

hardwood floor · open concept · window

Bedroom 3Main3.25 × 2.97 m

hardwood floor · closet · window

Living RoomMain4.25 × 4.29 m

hardwood floor · large window · combined w/dining

BedroomMain3.31 × 4.29 m

hardwood floor · closet · window

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Its public catchment (George P Mackie Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

What sellers nearby are askingCurrently listed nearby in Scarborough Village · asking prices
$1.02Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.

Per square foot, these ask about $1,010/sqft; this home lists at $1,083/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
975kThis home1.05M999k1000kThis home vs active comparables

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.

Cliffcrest
$799K
Bendale
$900K
Wexford-Maryvale
$849K
Rouge E11
$1.15M
Woodbine-Lumsden
$949K

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 George P Mackie Junior Public School
81%
George P Mackie Junior Public SchoolPublic · Elementary · 0.2 km awayAbove the GTA average · 81% meet the provincial standard
Maplewood High SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
Elizabeth Simcoe Junior Public School · Public elementary0.6 km · 81% at standard
Cedar Drive Junior Public School · Public elementary0.6 km · 53% at standard
Mason Road Junior Public School · Public elementary1.1 km · 43% at standard
Native Learning Centre East · Public secondary1.3 km
Sir Wilfrid Laurier Collegiate Institute · Public secondary1.4 km · 68% 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
Cedarbrook Public School · Public elementary1.6 km · 48% at standard
Cedarbrae Collegiate Institute · Public secondary2.0 km · 56% at standard
Cornell Junior Public School · Public elementary2.1 km · 74% at standard
H A Halbert Junior Public School · Public elementary2.2 km · 46% at standard

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

Affordability & Mortgage

Affordability
$4,443/mo
$186KIncome needed
5.2×Price ÷ income
$1,025Weekly cost
$31,946Land 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.

91%mortgage
Mortgage $4,443Property tax $423Total carry $4,866

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)
$4,312per month

Mortgage amount $779,920 · 4.49% over 25 years

$194,980Down payment (20.0%)
$779,920Loan before insurance
$0CMHC premium
$4,735Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,312
Property tax
$423
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,735

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

One-time closing costs

Ontario land transfer tax
$15,973
Toronto municipal land transfer tax
$15,973
Estimated closing costs
$31,946

Plus your down payment of $194,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,219/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

$513,773Total interest paid
$1,293,693Total of all payments
Principal $779,920 Interest $513,773
YearPrincipalInterestBalance
1$17,404$34,343$762,516
2$18,195$33,553$744,321
3$19,021$32,727$725,300
4$19,884$31,863$705,415
5$20,787$30,960$684,628
6$21,731$30,017$662,897
7$22,718$29,030$640,179
8$23,749$27,998$616,430
9$24,828$26,920$591,602
10$25,955$25,793$565,647
11$27,133$24,614$538,514
12$28,365$23,382$510,149
13$29,653$22,095$480,496
14$31,000$20,748$449,496
15$32,407$19,341$417,089
16$33,878$17,869$383,211
17$35,417$16,331$347,794
18$37,025$14,723$310,769
19$38,706$13,042$272,063
20$40,463$11,285$231,600
21$42,300$9,447$189,300
22$44,221$7,527$145,079
23$46,229$5,519$98,850
24$48,328$3,420$50,522
25$50,522$1,226$0

At the end of your 5-year term

Total paid over the term
$258,739
Principal paid down
$95,292
Interest paid
$163,447
Balance remaining
$684,628

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
Estimate$1,450/mo
$17,400Gross annual rent
0.9%Cap rate after taxes and upkeep

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 numbers

Estimates 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.

1.8%
Gross yield
− Property tax $5,075− Insurance $1,400− Vacancy & upkeep $1,914Net operating income $9,011

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of Signature Elite Realty Ltd.. MLS®/PropTx.

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