49 Greendowns Drive, Toronto E08

Price: $1,399,900

5 bedrooms, 5 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: E13474994

Newly built 4+1 bedroom, 5-bathroom detached residence situated on a 45 ft x 112 ft premium lot in Scarborough Village, one of Scarborough's most desirable and established communities. This home is thoughtfully designed to deliver luxury family living, functional space, and income or multigenerational flexibility. The main level features 9-foot ceilings and an impressive double-height foyer, creating strong visual impact and excellent natural light. An open-concept layout connects the living, dining, and kitchen areas, ideal for both everyday living and entertaining. The living room is anchored by a modern gas fireplace feature wall that adds warmth and architectural interest. The gourmet kitchen is fully equipped with a built-in refrigerator, 36-inch gas range, walk-in pantry, custom coffee bar, and a large central island suitable for casual dining or hosting guests. The second floor offers four generously sized bedrooms and three full bathrooms, including a tranquil primary suite with a spa-inspired five-piece ensuite. A dedicated second-floor laundry room enhances daily convenience. The fully finished basement, accessed through a separate private entrance, includes a complete kitchen, bedroom, bathroom, and separate laundry facilities. This space is ideal for extended family living, in-law or nanny accommodation, or rental income. Additional features include a double-car garage with extra-height doors, an interlocking driveway with parking for up to four vehicles, and close proximity to schools, parks, public transit, and local amenities. A rare opportunity to own a modern, high-quality home with upscale finishes and flexible long-term use potential in Scarborough Village.

49 Greendowns Drive - Detached photo 1 of 37 in Scarborough Town Centre, Ontario
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$1,399,900 - 49 Greendowns Drive, Scarborough

Detached for Sale in Scarborough

Neighbourhood: Scarborough Village

5Beds
5Baths
2,000 - 2,499Sq Ft
Detached
Property Details
MLS Number
E13474994
Property Type
Detached
Status
active
Days on Site
15
Bedrooms
5
Bathrooms
5
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Scarborough Town Centre
Lot Size
5,074 sqft
Listing Brokerage
RE/MAX HALLMARK REALTY LTD.
Description

Newly built 4+1 bedroom, 5-bathroom detached residence situated on a 45 ft x 112 ft premium lot in Scarborough Village, one of Scarborough's most desirable and established communities. This home is thoughtfully designed to deliver luxury family living, functional space, and income or multigenerational flexibility. The main level features 9-foot ceilings and an impressive double-height foyer, creating strong visual impact and excellent natural light. An open-concept layout connects the living, dining, and kitchen areas, ideal for both everyday living and entertaining. The living room is anchored by a modern gas fireplace feature wall that adds warmth and architectural interest. The gourmet kitchen is fully equipped with a built-in refrigerator, 36-inch gas range, walk-in pantry, custom coffee bar, and a large central island suitable for casual dining or hosting guests. The second floor offers four generously sized bedrooms and three full bathrooms, including a tranquil primary suite with a spa-inspired five-piece ensuite. A dedicated second-floor laundry room enhances daily convenience. The fully finished basement, accessed through a separate private entrance, includes a complete kitchen, bedroom, bathroom, and separate laundry facilities. This space is ideal for extended family living, in-law or nanny accommodation, or rental income. Additional features include a double-car garage with extra-height doors, an interlocking driveway with parking for up to four vehicles, and close proximity to schools, parks, public transit, and local amenities. A rare opportunity to own a modern, high-quality home with upscale finishes and flexible long-term use potential in Scarborough Village.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$6,192.23/mo

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5-yr fixed avg.

Principal: $1,119,920Interest: $737,749
Mortgage Amount$1,119,920
Total Interest$737,749
Est. Property Tax$992/mo
Total Cost$1,857,669

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: Scarborough Village

Discover Scarborough Village

Scarborough Village 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 Village

  • 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

Scarborough Village 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

49 Greendowns Drive, Scarborough Town Centre

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,700/mo
Range: $3,145 - $4,255
Cap Rate (ROI)
2.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,700
Maintenance Fees-$0
Property Tax (est.)-$992
Insurance (est.)-$292
Net Cash Flow+$2,416

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 $700/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 15 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.

Detached Home Advantages

Detached homes in Scarborough 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 5 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 Scarborough.

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.

About Scarborough Village

I know Scarborough Village 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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    49 Greendowns Drive | $1,399,900 | Battaglia Team