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New1 hour ago

1 Ledge Road

Cliffcrest, Toronto

$3,250,000

Detached|2-Storey
3 | 3 | 6
About this home

A truly unique opportunity for a scenic Lake View Home with a detached studio on a 1.5 acre lot in The Scarborough Bluffs. The lot extends to a second frontage of 105 feet on exclusive Meadowcliffe Drive which offers the potential to sever and sell, to build, or to enjoy the entire natural parcel and its privacy. Set on a secluded hillside in the Cliffcrest neighborhood, this former Sea Captain's home delivers the feel of cottage life in the city. From its Meadowcliffe frontage of 105 feet, the property is 396 feet deep and widens to 206 feet. With its private location at the end of Ledge Road, this 2 storey home has an inverted floor plan designed to take advantage of its lofty perch and expansive lake views. The ground level features the entrance foyer, full bathroom, three bedrooms, storage and utility room. The primary bedroom has a 4-piece ensuite bathroom and all three bedrooms have walk-outs. A solid oak staircase leads to the sun-filled upper level with its open-concept living, dining and kitchen plus a home office, 2-piece bathroom and laundry. This upper floor steps out to a generous wrap-around deck with south, east, and west exposures. The gas furnace, air conditioner and generator were new in 2022.The property also includes a detached multi-purpose studio built to maximize natural light through large windows and skylights. Fully insulated, the studio has gallery lighting, hardwood flooring, electric heat, a wood-burning stove, a loft and double barn doors for easy access. An inspiring space for creativity. Must be seen to truly appreciate this gem which is offered for the first time in 40 years.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$8,256
Lot Size105.83 ft x 396 ft
mls© NumberE13773228
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$16,635
Property tax
$688
Heat allowance
$150
Housing costs
$17,473 / mo

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

Down payment20% · $650,000
25-yr amortization

Income needed

$538,000

gross annual household income

Payment at 4%
$13,677 / mo
Cash down
$650,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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