$513,950 - 88 Grangeway Avenue Unit 1705, Highland Creek
Condo for Sale in Highland Creek
33 days on marketNeighbourhood: Woburn
- MLS Number
- E13243532
- Property Type
- Condo
- Status
- active
- Days on Site
- 33
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Scarborough (West Hill / Highland Creek)
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
**DEAL ALERT** Exceptional Value At $541/Sqft. Welcome To 88 Grangeway Ave Unit 1705 - A Rare 950 Sqft Corner Suite Offering North/East Panoramic Views And Incredible Natural Light Through Floor-To-Ceiling Windows. This Layout Features 2 Spacious Bedrooms, 2 Full Bathrooms, And Generous Open-Concept Living And Dining Areas, Complemented By A Private Kitchen With A Dedicated Breakfast Area. Perfect For Both End-Users And Investors, This Move-In Ready Home Includes One (1) Underground Parking Space, One (1) Locker, Ensuite Laundry, And A Large Private Balcony Ideal For Morning Coffee Or Evening Relaxation Above The City. Residents Enjoy Resort-Style Amenities Including 24-Hour Concierge, Indoor Pool, Sauna, Fully Equipped Fitness Centre, Party Room, Theatre Room, Billiards Room, Guest Suites, And Ample Visitor Parking. Unbeatable Location Just Steps To Scarborough Town Centre, TTC Subway, GO Transit, The Upcoming LRT Subway Extension, Parks, Restaurants, And Everyday Essentials, With Quick Access To Highway 401 - Offering Seamless Connectivity Across The City. A Rare Opportunity To Own One Of The Most Spacious And Well-Laid-Out Suites In A Highly Regarded, Well-Managed Community.
Estimate your monthly payments for this property
Estimated Payment
$2,636.83/mo
Includes CMHC insurance ($14,339)
5-yr fixed avg.
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.
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
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.
88 Grangeway Avenue Unit 1705, Scarborough (West Hill / Highland Creek)
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $571/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 33 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.
Efficient Living
At 900 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 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.
Investment Perspective
Looking at this as an investment: Highland Creek properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,141 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.