$739,000 - 138 Gradwell Drive, Scarborough
Detached for Sale in Scarborough
Neighbourhood: Cliffcrest
- MLS Number
- E13636262
- Property Type
- Detached
- Status
- active
- Days on Site
- 19
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Scarborough Town Centre
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rarely does a 35 x 137 ft lot in one of Scarborough's most coveted lakeside enclaves availablein the market. Tucked into the Cliffside-Bluffs pocket of Cliffcrest, this detached bungalowsits minutes from Bluffer's Park, the Scarborough Bluffs, and the marina - the same stretch of shoreline that's drawn a wave of custom-home building as buyers compete for proximity to the lake.This is a property with three distinct paths forward. Move in and enjoy solid bones with room to update at your own pace. Hold and rent - the existing layout offers two separate units, a bachelor suite with its own front entrance plus a second unit with side entrance, giving immediate income potential or multi-generational flexibility. Or take the lot and start fresh: with builders actively reshaping this street with custom infill homes, 138 Gradwell offers the frontage and depth to design something entirely new, steps from the water.Inside: 1+1 bedrooms, 2 bathrooms, 5 rooms across 1,100-1,500 sq ft, with a partially finished basement adding further living or rental space. Vacant and available for immediate possession. Sold in as-is condition.Location is the real asset here - a short walk to the Bluffs' trails and beaches, close to St. Clair Ave E and Kingston Rd for transit and shopping, and within reach of local schools. Whether you want to renovate, invest, or build your dream home on one of the last accessible lots in this lakeside community, 138 Gradwell Dr delivers the land and the location that make it possible.
Estimate your monthly payments for this property
Estimated Payment
$3,791.45/mo
Includes CMHC insurance ($20,618)
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.
138 Gradwell Drive, Scarborough Town Centre
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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
Competitive Pricing
At $672/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
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.
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 $3,079 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.