505 - 3420 Eglinton Avenue E

Presenting an exceptional opportunity for families, first-time buyers, or astute investors, this stunning condo for sale in Scarborough is a rare gem in the bustling heart of Scarborough Village. Nestled at 3420 Eglinton Avenue E, Scarborough, this spacious 3-bedroom, 2-bathroom apartment offers an impressive 1300+ square feet of bright and functional living space, perfectly suited for modern urban living.

This well-maintained mid-rise building, constructed between 51 to 99 years ago, showcases a robust exterior of aluminium siding and concrete, ensuring durability and aesthetic appeal. As you step inside, you will immediately appreciate the generous dimensions of the bedrooms, complemented by a large walk-out balcony that invites you to enjoy the outdoors. The primary bedroom is particularly noteworthy, featuring a private 2-piece ensuite and a walk-in closet, providing both convenience and privacy.

The condo for sale in Scarborough boasts a flat kitchen, which is ideal for culinary enthusiasts looking to create delicious meals. Although there is no additional kitchen or family room, the layout of the unit maximises the use of space, ensuring that every room serves a purpose. The in-unit laundry room is a rare find in today’s market, making laundry days a breeze.

Natural light floods the apartment through large windows in every room, enhancing the inviting atmosphere. The oversized balcony, measuring over 130 square feet, offers picturesque views of the lake and serves as a tranquil spot for enjoying your morning coffee or unwinding in the evening. With ample in-unit storage and an oversized locker, you will find that this condo is designed to keep you organised and comfortable.

While this condo for sale in Scarborough does not feature a pool or fireplace, it compensates with modern updates such as newer vinyl flooring, fresh paint, and contemporary blackout blinds, ensuring that you can move in with ease. The central air conditioning system guarantees a comfortable environment throughout the seasons, while the forced air heating system provides warmth during the colder months.

For those considering investment opportunities, this property is particularly appealing. With rental income potential ranging from £3,100 to £3,800+, it presents a solid addition to any investment portfolio. The low property taxes and the strong rental market in Scarborough further enhance its attractiveness.

The location of 3420 Eglinton Avenue E, Scarborough, is undeniably convenient, with easy access to public transport options including TTC and GO Transit, as well as the 401 and the upcoming LRT. The proximity to the Scarborough U of T campus, top-rated schools, and a variety of shopping options such as Metro and Walmart makes this condo ideal for families and students alike. Additionally, the vibrant local dining scene and nearby parks provide ample opportunities for leisure and recreation.

The building itself offers desirable amenities, including a gym, fostering a sense of community among residents. The friendly atmosphere and community-oriented vibe make this condo for sale in Scarborough not just a place to live, but a place to thrive.

In summary, this spacious, sun-filled condo at 3420 Eglinton Avenue E, Scarborough, is the perfect opportunity for those seeking a blend of comfort, convenience, and investment potential. With its prime location and well-appointed features, this condo for sale in Scarborough is the one you have been waiting for. Don’t miss your chance to make it yours!

Scarborough Village, nestled within the vibrant city of Scarborough, offers a charming blend of suburban tranquillity and urban convenience. This picturesque neighbourhood is characterised by its tree-lined streets, well-maintained parks, and a diverse array of housing options, making it an appealing choice for families and professionals alike. Residents enjoy easy access to local amenities, including shops, schools, and recreational facilities, while the nearby waterfront provides opportunities for leisure and outdoor activities. With its welcoming atmosphere and strong sense of community spirit, Scarborough Village is an ideal place to call home for those seeking a balanced lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Cedar Drive Junior Public School, just 0.3 km away, offering elementary education from JK to grade 6 with a respectable rating of 5.9. Scarborough Village Public School, located 0.8 km away, serves grades JK to 8 and has a rating of 5. Additionally, Cedarbrook Public School, also 1.5 km away, provides French-language education from JK to 8 and boasts a higher rating of 7.8. For secondary education, Sir Wilfrid Laurier Collegiate Institute is 1.2 km from the property, though it currently has a rating of 0. The area also features Catholic schools, such as St. Boniface Catholic School (0.8 km away, rating 6.8) and St. Agatha Catholic School (2.8 km away, rating 6), catering to various educational needs. Overall, the diverse range of nearby schools, including both public and Catholic options, ensures that families have access to quality education within a convenient distance.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 3,107 residents, with an average household size of 3.1 individuals. The community is relatively young, with an average age of 36.1 years. The average household income stands at $86,400, although 14.8% of the population is classified as low-income. The real estate market reflects a median home price of $652,000, with 60.1% of residents being renters and 32.02% living in condominiums. The demographic composition shows a significant portion of single individuals at 51.94%, while households with children make up 50.31% of the community. A notable 59.27% of residents are immigrants, contributing to the area’s cultural diversity. Additionally, nearly half of the population (48.31%) holds a college or university degree, indicating a well-educated community. However, a considerable 35.44% of residents are not in the labor force, which may reflect various socioeconomic factors. Overall, this area presents a vibrant mix of demographics, with a blend of families, singles, and a diverse population, making it an appealing location for potential homeowners and investors alike.