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East End-Danforth, Toronto
$1,499,000
A Rare Find in East Toronto!! Welcome to 502 Scarborough Road.Discover a truly unique 2-storey home offering over 3100.sg ft. of living space, plus a fully finished basement with full ceiling height. A thoughtfully designed 2-storey addition, completed approximately 20 years ago, transformed this home into a bright, spacious and incredibly versatile property.The open-concept main floor is filled with natural light and offers plenty of room to live, work and entertain. The home was designed with a future elevator configuration, adding exciting potential for accessibility and long-term flexibility.Upstairs, the generous layout offers the possibility of enclosing an existing space to create a second bedroom, allowing the home to evolve with your needs.Outside, enjoy a 33' x 106' lot, private driveway and parking for 2 - 3 cars - a rare luxury in the city.And the location? Just a 12-minute walk to Main GO Station, putting you only 13 minutes from Union Station by GO train. Easy access to transit, shops, parks and everything the east end has to offer. Unique. Spacious. Flexible. Connected. A home with possibilities. 4 Fireplaces- are "as-is". Perfect home for artists/ art enthusiasts- perfect home to hang large artwork throughout! Fa
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $8,479 |
| Lot Size | 33 ft x 107 ft |
| mls© Number | E13855690 |
| Listed By | Johnston & Daniel |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,673
- Property tax
- $707
- Heat allowance
- $150
- Housing costs
- $8,529 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$262,000
gross annual household income
- Payment at 4%
- $6,308 / mo
- Cash down
- $299,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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