$749,000 - 10 Thatcher Avenue, Scarborough
Detached for Sale in Scarborough
Neighbourhood: Cliffcrest
- MLS Number
- E13636132
- Property Type
- Detached
- Status
- active
- Days on Site
- 19
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Scarborough Town Centre
- Lot Size
- 5,414 sqft
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rare opportunity in the highly sought-after Scarborough Bluffs community! Situated south of Kingston Rd on an impressive approximately 40 x 135 ft lot, this unique property spans two streets, with frontage on Thatcher Ave and rear access from Brimley Rd., with no residential property directly behind. Offering exceptional potential for builders, developers, contractors, investors, or first-time buyers ready to put some love into a detached home and make it their own. The existing two-bedroom home also features a very large unfinished basement with a separate entrance, offering excellent storage and significant potential for future living space, subject to municipal approvals. Renovate the existing home, explore an addition, finish the basement, or consider future redevelopment possibilities on this large and distinctive lot. Located on a quiet street where properties rarely become available, surrounded by mature trees, established residences, and many newly built custom homes. Minutes from Bluffer's Park Marina, beaches, waterfront trails, parks, schools, colleges, shopping, TTC service along Kingston Rd, and Scarborough GO Station, with convenient access to downtown Toronto. A property with land, location, and tremendous potential-whether you are looking to create your first home, undertake your next renovation project, or build something new. Property is being sold in as-is condition. Buyers to conduct their own due diligence regarding future use, basement conversion, and development potential. Some Pictures Are Virtually Staged
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Cliffcrest
Cliffcrest is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Cliffcrest
- •Convenient location in Scarborough Town Centre
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Cliffcrest offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
10 Thatcher Avenue, Scarborough Town Centre
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1070/sqft, this property is priced in line with current Scarborough market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 19 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Scarborough are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Cliffcrest
I know Cliffcrest well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Scarborough properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.