53 Gaiety Drive, Toronto E09

Price: $1,059,000

6 bedrooms, 4 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: E13541378

MUST SEE! Stunning 50-foot lot wonderful bungalow featuring 3 spacious bedrooms in main floor and 4 bathrooms. This property has been completely renovated with modern bathrooms, new windows, a contemporary kitchen, new flooring, a new roof, a furnace, and a gas water tank. Parking for 3 vehicles is included. Prime Location: Nestled in a quiet residential neighborhood near Lawrence and McCowan, just steps from Scarborough General Hospital. The upcoming Lawrence and McCowan subway station is only a 5-minute walk away, offering a convenient 30-minute commute to downtown Toronto. Scarborough Town Center is within a 5-minute drive. Income Potential. The property features two separate entrances and a 2 fully self-contained basement apartments, with potential dual-family rental arrangements at $3,500 per month. Don't miss this

53 Gaiety Drive - Detached photo 1 of 37 in Scarborough (West Hill / Highland Creek), Ontario
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$1,059,000 - 53 Gaiety Drive, Highland Creek

Detached for Sale in Highland Creek

46 days on market

Neighbourhood: Woburn

6Beds
4Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
E13541378
Property Type
Detached
Status
active
Days on Site
46
Bedrooms
6
Bathrooms
4
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Scarborough (West Hill / Highland Creek)
Listing Brokerage
RIGHT AT HOME REALTY
Description

MUST SEE! Stunning 50-foot lot wonderful bungalow featuring 3 spacious bedrooms in main floor and 4 bathrooms. This property has been completely renovated with modern bathrooms, new windows, a contemporary kitchen, new flooring, a new roof, a furnace, and a gas water tank. Parking for 3 vehicles is included. Prime Location: Nestled in a quiet residential neighborhood near Lawrence and McCowan, just steps from Scarborough General Hospital. The upcoming Lawrence and McCowan subway station is only a 5-minute walk away, offering a convenient 30-minute commute to downtown Toronto. Scarborough Town Center is within a 5-minute drive. Income Potential. The property features two separate entrances and a 2 fully self-contained basement apartments, with potential dual-family rental arrangements at $3,500 per month. Don't miss this

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,684.31/mo

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5-yr fixed avg.

Principal: $847,200Interest: $558,094
Mortgage Amount$847,200
Total Interest$558,094
Est. Property Tax$750/mo
Total Cost$1,405,294

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: Woburn

Discover Woburn

Woburn 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 Woburn

  • Convenient location in Scarborough (West Hill / Highland Creek)
  • 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

Woburn 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

53 Gaiety Drive, Scarborough (West Hill / Highland Creek)

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,000/mo
Range: $3,400 - $4,600
Cap Rate (ROI)
3.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$4,000
Maintenance Fees-$0
Property Tax (est.)-$750
Insurance (est.)-$221
Net Cash Flow+$3,029

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 $706/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 46 days on site, this property has exceeded the typical selling timeline for Highland Creek. 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.

Detached Home Advantages

Detached homes in Highland Creek 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 6 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 Highland Creek.

Bathroom Count Matters

With 4 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 Woburn

I know Woburn 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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    53 Gaiety Drive | $1,059,000 | Battaglia Team