404-3420 Eglinton Avenue, Toronto, ON

Scarborough Village, Toronto · MLS® E14086682

$499,000
For Sale
Listed 3 days agoNo offer date stated
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3Bedrooms
2Bathrooms
1Garage
1200-1399Sq ft

About this home

In short

  • Spacious 3-Bedroom Suite in Sought-After Scarborough Village.
  • Discover exceptional space, comfort and value in this rarely available 3-bedroom, 2-bathroom suite offering over 1,300 sq. ft. of living space in desirable...
  • Enjoy an impressive array of building amenities, including an outdoor swimming pool, sauna, fitness centre, party room, BBQ area, car wash and secure entry.
  • Steps to 24-hour TTC service, with easy connections to Kennedy Subway Station and GO Station.
  • Enjoy quick access to Highway 401 and close proximity to schools, parks, shopping, Metro, Walmart, halal supermarkets, restaurants, medical clinics, places of worship...

Rarely Offered! Spacious 3-Bedroom Suite in Sought-After Scarborough Village. Discover exceptional space, comfort and value in this rarely available 3-bedroom, 2-bathroom suite offering over 1,300 sq. ft. of living space in desirable Scarborough Village. Featuring generously sized principal rooms, abundant natural light, a walk-in closet, a large private balcony and parking, this suite presents a wonderful opportunity for homeowners, investors and renovators alike. The convenient powder room offers potential for a shower upgrade. Enjoy an impressive array of building amenities, including an outdoor swimming pool, sauna, fitness centre, party room, BBQ area, car wash and secure entry. A unique private entrance from the condominium grounds provides convenient access toward the adjacent school. Unbeatable Convenience and Location! Steps to 24-hour TTC service, with easy connections to Kennedy Subway Station and GO Station. Enjoy quick access to Highway 401 and close proximity to schools, parks, shopping, Metro, Walmart, halal supermarkets, restaurants, medical clinics, places of worship and the beautiful Scarborough Bluffs. Space, Location and Potential All in One! An exceptional opportunity for first-time buyers, growing families, investors or renovators seeking a spacious suite in a convenient, established neighbourhood. Move in and enjoy, update to suit your personal style, or unlock its full potential. Don't miss this rare opportunity!

Key facts

Property type
Condo Apartment, Apartment
MLS®
E14086682
Bedrooms
3
Bathrooms
2 (1 half)
Size
1200-1399 sq ft
Cross streets
Kingston & Eglinton
Parking
1 garage (underground)
Basement
None
Heating
Baseboard
A/C
Central Air
Exterior
Brick
Maintenance
$832/mo
Exposure
North West
Property tax
$1,244 / 2025
Days on market
3
Listing brokerage
HOMELIFE DISTRICT REALTY
Our TakeTeam Asgarian · Broker
A small discount is typical
$489Klikely sale price

Listed at $499,000. 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 $489K, if it sells. A realistic range is $460K to $529K.

Independent value check: $456K. Without looking at the asking price, our model values the home itself about 9% below the ask (homes like it typically land between $424K and $479K).

Why $456K. The typical condo sold in Scarborough Village over the past year went for about $440K (38 sales). What sets this one apart:

  • ▲ Raises itIt is 1,200 to 1,399 sq ft; the typical home sold here is 900 to 999.
  • ▲ Raises it slightly3 bedrooms and 2 baths, against 2+1 and 2 typically.
  • ▼ Lowers it slightlyIts tax bill, which follows the city's own assessment, is $1,244 a year; the typical home sold here pays about $1,500.
List price
$460KBelow recent closings$529KAbove recent closings

Total price vs nearby homes. Likely closing about $489K, 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
3days on market so far
$3,119/moest. rent · 26 leases
7.5%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 3.8 months of inventory: 15 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 $384/sqft against an area asking average of $400/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 $421K. Condition and finishes remain an in-person call.

What the listing highlights1 point to weigh

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

  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
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.

Read this with carewhy it’s an estimate, not an appraisal

Priced above comparable homes overall, but the price per square foot ($384/sqft) is in line with the area, so you are paying for extra space rather than a premium.

Based on 3 homes sold in this building over the past two years, plus 2 nearby in Scarborough Village, 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
$526K
North St. James Town
$765K
Church-Yonge Corridor
$529K
Waterfront Communities C8
$554K
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 Scarborough Village Public School
65%
Scarborough Village Public SchoolPublic · Elementary · 0.8 km awayBelow the GTA average · 65% meet the provincial standard
Maplewood High SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
Cedar Drive Junior Public School · Public elementary0.3 km · 53% at standard
George P Mackie Junior Public School · Public elementary0.7 km · 81% at standard
Elizabeth Simcoe Junior Public School · Public elementary0.9 km · 81% at standard
Native Learning Centre East · Public secondary1.1 km
St Ursula Catholic School · Catholic elementary1.1 km · 89% at standard
Guildwood Junior Public School · Public elementary1.2 km · 80% at standard
Sir Wilfrid Laurier Collegiate Institute · Public secondary1.2 km · 68% at standard
Mason Road Junior Public School · Public elementary1.3 km · 43% at standard
Cedarbrook Public School · Public elementary1.5 km · 48% at standard
Cornell Junior Public School · Public elementary1.6 km · 74% at standard
Cedarbrae Collegiate Institute · Public secondary1.6 km · 56% at standard
Willow Park Junior Public School · Public elementary1.8 km · 27% at standard

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

Affordability & Mortgage

Affordability
$2,274/mo
$109KIncome needed
4.6×Price ÷ income
$525Weekly cost
$12,910Land 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 $2,274Property tax $104Condo fee $832Total carry $3,210

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 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,207per month

Mortgage amount $399,200 · 4.49% over 25 years

$99,800Down payment (20.0%)
$399,200Loan before insurance
$0CMHC premium
$3,143Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,207
Property tax
$104
Condo / maintenance fees
$832
Heating
$0
Estimated monthly cost
$3,143

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

One-time closing costs

Ontario land transfer tax
$6,455
Toronto municipal land transfer tax
$6,455
Estimated closing costs
$12,910

Plus your down payment of $99,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,672/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

$262,974Total interest paid
$662,174Total of all payments
Principal $399,200 Interest $262,974
YearPrincipalInterestBalance
1$8,908$17,578$390,292
2$9,313$17,174$380,979
3$9,736$16,751$371,243
4$10,178$16,309$361,065
5$10,640$15,847$350,425
6$11,123$15,364$339,302
7$11,628$14,859$327,674
8$12,156$14,331$315,518
9$12,708$13,779$302,810
10$13,285$13,202$289,525
11$13,888$12,599$275,637
12$14,519$11,968$261,118
13$15,178$11,309$245,940
14$15,867$10,620$230,073
15$16,587$9,899$213,486
16$17,341$9,146$196,145
17$18,128$8,359$178,017
18$18,951$7,536$159,066
19$19,811$6,675$139,255
20$20,711$5,776$118,544
21$21,651$4,836$96,893
22$22,634$3,853$74,258
23$23,662$2,825$50,596
24$24,736$1,750$25,860
25$25,860$627$0

At the end of your 5-year term

Total paid over the term
$132,435
Principal paid down
$48,775
Interest paid
$83,660
Balance remaining
$350,425

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 26 whole-home leases in Scarborough Village$3,119/mo
$37,428Gross annual rent
4.3%Cap rate after taxes and upkeep
$2,871 to $3,331Typical 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 26 whole-home leases in Scarborough Village signed at a median of $2,810 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,119. 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.

7.5%
Gross yield
− Property tax $1,244− Condo fees $9,987− Insurance $600− Vacancy & upkeep $4,117Net operating income $21,479

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

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