$1,395,000 - 2 Lovel Avenue, Morningside
Detached for Sale in Morningside
74 days on market- MLS Number
- E13042888
- Property Type
- Detached
- Status
- active
- Days on Site
- 74
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Scarborough (Morningside / West Hill)
- Listing Brokerage
- HOMELIFE/FUTURE REALTY INC.
Welcome To This Beautifully Upgraded Double Garage Detached Home, Nestled In A Sought-After And Peaceful Neighbourhood. Featuring A Thoughtfully Designed Layout With Spacious Rooms Throughout, This Stunning Property Offers 4+3 Bedrooms And 4.5 Bathrooms On A Premium Corner Lot.Highlights Include A Grand Double Door Entry, An Elegant Circular Oak Staircase, And A Bright Combined Living And Dining Area Enhanced With Cornice Moulding. The Open-Concept Family Room And Kitchen Create The Perfect Space For Everyday Living And Entertaining, Complete With Hardwood Flooring Throughout, Custom Drapery, And A Cozy Wood Stove Fireplace. Main Floor Laundry Adds Everyday Convenience.This Home Is Beautifully Decorated And Truly Move-In Ready.Additional Features Include A Spacious In-Between Living Area Between The Main And Second Floors-Perfect For Quiet Or Formal Use. The Home Boasts Large Principal Rooms, Including A Generous Primary Bedroom With A Walk-In Closet Complete With Built-In Organizers, And A Spacious Ensuite.The Fully Finished Basement Offers Excellent In-Law Suite Potential, Featuring 3 Bedrooms, 2 Full Bathrooms, And A Kitchen-Ideal For Extended Family Living Or Additional Flexibility.Enjoy Easy Access To Everything You Need-Just Minutes To 24-Hour Transit, Parks, Major Grocery Stores, Coffee Shops, Restaurants, Fitness Centers, Schools, Banks, And The Amazon Warehouse. Whether You're Hosting Gatherings Or Enjoying Nearby Amenities, This Home Offers It All. This Is The Perfect Place To Call Home-Don't Miss This Incredible Opportunity!
Estimate your monthly payments for this property
Estimated Payment
$6,170.56/mo
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 Scarborough (Morningside / West Hill)
Scarborough (Morningside / West Hill) 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 Scarborough (Morningside / West Hill)
- •Convenient location in Scarborough (Morningside / West Hill)
- •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
Scarborough (Morningside / West Hill) 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.
2 Lovel Avenue, Scarborough (Morningside / West Hill)
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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 $698/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.
Negotiation Opportunity
At 74 days on site, this property has exceeded the typical selling timeline for Morningside. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Morningside 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.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Morningside.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Morningside properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,813 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.