21 Rockwood Drive Unit 22, Toronto E08

Price: $679,000

3 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: E13641028

Welcome Home! This Home Is Furnished. Perfect For A Starter Family. This Beautiful Layout Overlooking The High- Ceiling Living Room From Our Dining Room Is Rare And Unique Design. Sure To Impress Anyone With Distinctive Taste. This Home Boasts Three (3) Well-Proportioned bedrooms, Offers Plenty Of Closet Space. One 4- Piece Bathroom Located At Upper Level With 3-Piece Bathroom Located At Lower Level For Easy Access. This Property Is Situated Across From Halbert Park And Easy Access To Walking Trails And Bluffers Park. The Community Offers Many Amenities Like Shopping, Dining, And Convenient Public Transportation(Kennedy Station And Scarborough GO). A Pleasure To Show!

21 Rockwood Drive Unit 22 - Condo photo 1 of 30 in Scarborough Town Centre, Ontario
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$679,000 - 21 Rockwood Drive Unit 22, Scarborough

Condo for Sale in Scarborough

Neighbourhood: Cliffcrest

3Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
E13641028
Property Type
Condo
Status
active
Days on Site
18
Bedrooms
3
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Scarborough Town Centre
Locker
None
Exposure
West
Balcony
None
Listing Brokerage
HOMELIFE HEARTS REALTY INC.
Description

Welcome Home! This Home Is Furnished. Perfect For A Starter Family. This Beautiful Layout Overlooking The High- Ceiling Living Room From Our Dining Room Is Rare And Unique Design. Sure To Impress Anyone With Distinctive Taste. This Home Boasts Three (3) Well-Proportioned bedrooms, Offers Plenty Of Closet Space. One 4- Piece Bathroom Located At Upper Level With 3-Piece Bathroom Located At Lower Level For Easy Access. This Property Is Situated Across From Halbert Park And Easy Access To Walking Trails And Bluffers Park. The Community Offers Many Amenities Like Shopping, Dining, And Convenient Public Transportation(Kennedy Station And Scarborough GO). A Pleasure To Show!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,483.62/mo

Includes CMHC insurance ($18,944)

$
$
5%10%50%

5-yr fixed avg.

Principal: $611,100Interest: $415,042
Mortgage Amount$630,044
Total Interest$415,042
Est. Property Tax$481/mo
Total Cost$1,045,087

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.

Ready to get pre-approved?

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Neighbourhood Guide: Cliffcrest

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

21 Rockwood Drive Unit 22, Scarborough Town Centre

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
2.6%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$650
Property Tax (est.)-$481
Insurance (est.)-$141
Net Cash Flow+$1,488

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $679/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 18 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.

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 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 $2,829 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    21 Rockwood Drive Unit 22 | $679,000 | Battaglia Team