$420,999 - 20 Gilder Drive Unit 505, Scarborough
Condo for Sale in Scarborough
65 days on marketNeighbourhood: Eglinton East
- MLS Number
- E13470238
- Property Type
- Condo
- Status
- active
- Days on Site
- 65
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 1,000 sqft
- Neighbourhood
- Scarborough Town Centre
- Locker
- None
- Exposure
- North East
- Balcony
- Terrace
- Listing Brokerage
- REALTY ONE GROUP FLAGSHIP
Looking for more space without stretching your budget? Welcome to Unit 505 at 20 Gilder Drive - a bright and spacious 3-bedroom condo offering over 1,000 sq. ft. of comfortable living in a convenient Scarborough location. The kitchen and bathroom have been updated, making it easy to move in and start enjoying your new home. The flexible layout gives you room to grow, whether you need extra bedrooms, a home office, or space for family. You'll also appreciate the separate laundry room with added storage, plus the convenience of owned underground parking and a locker. Located near Kennedy Station, TTC, schools, shopping, parks, places of worship, and everyday essentials, this home makes commuting and daily life simple. If you've been waiting for an affordable way to stop renting and start building a future of your own, this could be the opportunity you've been looking for. Come see the value, space, and potential for yourself.
Estimate your monthly payments for this property
Estimated Payment
$2,159.94/mo
Includes CMHC insurance ($11,746)
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 Eglinton East
Eglinton East 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 Eglinton East
- •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
Eglinton East 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.
20 Gilder Drive Unit 505, 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 $421/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 65 days on site, this property has exceeded the typical selling timeline for Scarborough. 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Eglinton East
I know Eglinton East 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.
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.