40 Bay Mills Boulevard Unit 201, Toronto E05

Price: $339,900

1 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: E13479310

Welcome to this bright and spacious 1-bedroom, 1-bathroom condo offering a functional open-concept layout perfect for comfortable everyday living. Featuring an updated kitchen with newer counter, backsplash, and flooring, plus an updated bathroom, this home is move-in ready and full of value. Enjoy a large private balcony with plenty of space to relax and unwind. Maintenance fees include all utilities plus Rogers Cable TV, providing exceptional convenience and affordability. Ideally located close to shopping, restaurants, parks, and everyday amenities, with TTC transit right at your doorstep and easy access to Highway 401 for commuters. A fantastic opportunity for first-time buyers, downsizers, or investors alike.

40 Bay Mills Boulevard Unit 201 - Condo photo 1 of 22 in Scarborough Village / Eglinton East, Ontario
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$339,900 - 40 Bay Mills Boulevard Unit 201, Scarborough Village

Condo for Sale in Scarborough Village

Popular Listing

Neighbourhood: Tam O'Shanter-Sullivan

1Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
E13479310
Property Type
Condo
Status
active
Days on Site
14
Bedrooms
1
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Scarborough Village / Eglinton East
Locker
None
Exposure
West
Balcony
Open
Listing Brokerage
CENTURY 21 PERCY FULTON LTD.
Description

Welcome to this bright and spacious 1-bedroom, 1-bathroom condo offering a functional open-concept layout perfect for comfortable everyday living. Featuring an updated kitchen with newer counter, backsplash, and flooring, plus an updated bathroom, this home is move-in ready and full of value. Enjoy a large private balcony with plenty of space to relax and unwind. Maintenance fees include all utilities plus Rogers Cable TV, providing exceptional convenience and affordability. Ideally located close to shopping, restaurants, parks, and everyday amenities, with TTC transit right at your doorstep and easy access to Highway 401 for commuters. A fantastic opportunity for first-time buyers, downsizers, or investors alike.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,743.86/mo

Includes CMHC insurance ($9,483)

$
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5%10%50%

5-yr fixed avg.

Principal: $305,910Interest: $207,766
Mortgage Amount$315,393
Total Interest$207,766
Est. Property Tax$241/mo
Total Cost$523,159

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

40 Bay Mills Boulevard Unit 201, Scarborough Village / Eglinton East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
3.9%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$390
Property Tax (est.)-$241
Insurance (est.)-$71
Net Cash Flow+$1,098

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 $567/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.

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.

Efficient Living

At 600 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.

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.

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.

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    40 Bay Mills Boulevard Unit 201 | $339,900 | Battaglia Team