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New3 hours ago

116 Sylvan Avenue

Scarborough Village, Toronto

$1,481,800

Detached|Backsplit 3
3 | 3 | 8
About this home

Discover a rare opportunity to own a beautifully renovated home on an exceptionally large, private lot in a quiet and established Scarborough Village neighbourhood. Thoughtfully updated with more than $300,000 in renovations, this move-in-ready home combines modern living with the space, privacy, and flexibility of an oversized property.The main level features a bright, open-concept layout with new flooring, fresh paint, pot lights, and expansive windows that fill the home with natural light. The renovated kitchen offers contemporary cabinetry, quality countertops, and stainless-steel appliances, flowing seamlessly into the spacious living and dining areas.The lower level adds valuable flexibility with a separate entrance and a self-contained one-bedroom suite-ideal for extended family, guests, an adult child, or potential rental income.Outside, the exceptionally deep lot provides generous private outdoor space and exciting long-term potential for buyers who value land, while allowing you to enjoy the benefits of a beautifully renovated home today.Enjoy the best of both worlds in this peaceful, established neighbourhood, just minutes from the Scarborough Bluffs, waterfront trails, parks, schools, shopping, and major transit routes. Located within the Elizabeth Simcoe Junior Public School area and close to Guild Park & Gardens and scenic walking trails, the location offers an exceptional blend of nature, community charm, and urban convenience. Guildwood GO Station provides convenient access to downtown Toronto, making this an appealing location for families and professionals alike.Whether you're looking for a move-in-ready family home, multigenerational living, supplemental rental income, or a property with long-term potential, 116 Sylvan Avenue offers a rare combination of a renovated home, an exceptionally large lot, and flexible living space in an established Toronto neighbourhood. (Living room images are virtually staged)

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBacksplit 3
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,690
Lot Size61 ft x 191 ft
mls© NumberE13708764
Listed ByEVERLAND REALTY INC.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,585
Property tax
$391
Heat allowance
$150
Housing costs
$8,125 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $296,360
25-yr amortization

Income needed

$250,000

gross annual household income

Payment at 4%
$6,236 / mo
Cash down
$296,360

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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