31 Wishing Well Drive, Toronto E05

Price: $1,195,000

4 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: E13784400

Meticulously Renovated 3+1 Bedroom 2-bathroom residence. Completely renovated between the fall of 2021 and 2022, virtually every detail of this home has been replaced, upgraded, or custom-built. A brand-new modern kitchen complete with premium stainless steel appliances, ceramic tile flooring, and walk-out. Two beautifully renovated, modern bathrooms featuring stylish fixtures and contemporary finishes. Layout Features 3 spacious bedrooms on the main level and an additional bedroom on the lower, level-perfect for a home office or guest room. High-End Flooring: Stunning, quality Canadian hardwood floors on the main level, complemented by durable, premium Coretec luxury vinyl flooring on the lower level. Full Mechanical Overhaul: Enjoy complete worry-free living with all-new plumbing, all-new electrical, and an owned central A/C system (installed Summer 2020). Superior Insulation & Efficiency: Outfitted with all-new windows, new window sills, and new interior/exterior doors. The attic insulation has been topped up, and the lower level is wrapped in premium, sound-dampening Rockwool insulation. The entire foundation was professionally waterproofed by Aquatec, including completely new window wells and updated weeping tiles. The exterior shines with brand-new siding, soffits, and eavestroughs. Landscaping (2023): Step outside to a freshly graded front and back lawn topped with lush new sod, a newly paved driveway, and elegant interlocking stone walkways. Fencing & Storage (2023): The property features a brand-new privacy fence, a new side entrance door, and a premium, custom-made 8x12 ft storage shed by Durashed. Move right in and enjoy a modern, worry-free lifestyle for years to come.

31 Wishing Well Drive - Detached photo 1 of 38 in Scarborough Village / Eglinton East, Ontario
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active
New Listing

$1,195,000 - 31 Wishing Well Drive, Scarborough Village

Detached for Sale in Scarborough Village

New — Listed yesterday

Neighbourhood: Tam O'Shanter-Sullivan

4Beds
2Baths
700 - 1,099Sq Ft
Detached

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Property Details
MLS Number
E13784400
Property Type
Detached
Status
active
Days on Site
1
Bedrooms
4
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Scarborough Village / Eglinton East
Listing Brokerage
RE/MAX HALLMARK REALTY LTD.
Description

Meticulously Renovated 3+1 Bedroom 2-bathroom residence. Completely renovated between the fall of 2021 and 2022, virtually every detail of this home has been replaced, upgraded, or custom-built. A brand-new modern kitchen complete with premium stainless steel appliances, ceramic tile flooring, and walk-out. Two beautifully renovated, modern bathrooms featuring stylish fixtures and contemporary finishes. Layout Features 3 spacious bedrooms on the main level and an additional bedroom on the lower, level-perfect for a home office or guest room. High-End Flooring: Stunning, quality Canadian hardwood floors on the main level, complemented by durable, premium Coretec luxury vinyl flooring on the lower level. Full Mechanical Overhaul: Enjoy complete worry-free living with all-new plumbing, all-new electrical, and an owned central A/C system (installed Summer 2020). Superior Insulation & Efficiency: Outfitted with all-new windows, new window sills, and new interior/exterior doors. The attic insulation has been topped up, and the lower level is wrapped in premium, sound-dampening Rockwool insulation. The entire foundation was professionally waterproofed by Aquatec, including completely new window wells and updated weeping tiles. The exterior shines with brand-new siding, soffits, and eavestroughs. Landscaping (2023): Step outside to a freshly graded front and back lawn topped with lush new sod, a newly paved driveway, and elegant interlocking stone walkways. Fencing & Storage (2023): The property features a brand-new privacy fence, a new side entrance door, and a premium, custom-made 8x12 ft storage shed by Durashed. Move right in and enjoy a modern, worry-free lifestyle for years to come.

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Estimated Payment

$5,285.89/mo

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5-yr fixed avg.

Principal: $956,000Interest: $629,766
Mortgage Amount$956,000
Total Interest$629,766
Est. Property Tax$846/mo
Total Cost$1,585,766

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.

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Neighbourhood Guide: Tam O'Shanter-Sullivan

Discover Tam O'Shanter-Sullivan

Tam O'Shanter-Sullivan 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 Tam O'Shanter-Sullivan

  • Convenient location in Scarborough Village / Eglinton East
  • 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

Tam O'Shanter-Sullivan 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

31 Wishing Well Drive, Scarborough Village / Eglinton East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
2.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$846
Insurance (est.)-$249
Net Cash Flow+$2,105

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

Premium Pricing

At $1707/sqft, this property is priced above the Scarborough Village average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Just Listed - Act Strategically

This property hit the market within the last week. In Scarborough Village's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Detached Home Advantages

Detached homes in Scarborough Village 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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Scarborough Village. Good resale value as demand remains consistent.

About Tam O'Shanter-Sullivan

I know Tam O'Shanter-Sullivan 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.

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    31 Wishing Well Drive | $1,195,000 | Battaglia Team