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138 Gradwell Drive, Cliffcrest M1M 2N2

Price

$739,000

Bedrooms

1 Beds

Bathrooms

2 Baths

Size

1100-1500 sqft

Year Built

51-99

Property Type

House

Property Taxes

$4057

Description

Rarely does a 35 x 137 ft lot in one of Scarborough's most coveted lakeside enclaves availablein the market. Tucked into the Cliffside-Bluffs pocket of Cliffcrest, this detached bungalowsits minutes from Bluffer's Park, the Scarborough Bluffs, and the marina - the same stretch of shoreline that's drawn a wave of custom-home building as buyers compete for proximity to the lake.This is a property with three distinct paths forward. Move in and enjoy solid bones with room to update at your own pace. Hold and rent - the existing layout offers two separate units, a bachelor suite with its own front entrance plus a second unit with side entrance, giving immediate income potential or multi-generational flexibility. Or take the lot and start fresh: with builders actively reshaping this street with custom infill homes, 138 Gradwell offers the frontage and depth to design something entirely new, steps from the water.Inside: 1+1 bedrooms, 2 bathrooms, 5 rooms across 1,100-1,500 sq ft, with a partially finished basement adding further living or rental space. Vacant and available for immediate possession. Sold in as-is condition.Location is the real asset here - a short walk to the Bluffs' trails and beaches, close to St. Clair Ave E and Kingston Rd for transit and shopping, and within reach of local schools. Whether you want to renovate, invest, or build your dream home on one of the last accessible lots in this lakeside community, 138 Gradwell Dr delivers the land and the location that make it possible.

Sale history for

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The Property Location

Calculate Your Monthly Mortgage Payments

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Total Monthly Payment

$3,493 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$591,200

Total Interest Payments

$364,511

Total Payment (Principal + Interest)

$955,711

Get An Estimate On Selling Your House

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

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Listed By: RE/MAX HALLMARK FIRST GROUP REALTY LTD.

Meet Ken Matsumoto

Meet Ken Matsumoto

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

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