The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
***Attention Investors & Builders!!*** An Exceptional Opportunity Awaits At 121 Preston St! Situated On A Deep 150-Ft Lot, This Charming Well-Maintained Bungalow Offers Endless Potential For Those Looking To Build Their Dream Home, With Plans Ready For A Magnificent Modern Residence. In The Meantime, The Existing Bungalow Provides A Reliable Income Stream, Offering The Opportunity To Offset Carrying Costs While You Prepare For Future Construction. Located In A Well-Established Scarborough Neighbourhood Surrounded By Parks, Recreation Facilities, Schools & Convenient Transit. Enjoy Easy Access To Woodrow Park, Highview Park & Sandown Park, Along With Multiple Playgrounds, Sports Fields, A Ball Diamond, Splash Pads & Trails Within A 20-Minute Walk. Public Transit Is Also Conveniently Close, With A Street-Level Transit Stop Just A 3-Minute Walk Away & Scarborough GO Approximately 17 Minutes Away. A Fantastic Opportunity To Invest, Build & Create Something Truly Special!
Property Details
Listing
MLS® number
E13761892
Status
For Sale
Listed
Sep 9, 2026
Last updated
Oct 26, 2026
Possession
60-89 days
Building
Type
Detached
Style
Bungalow
Approx. age
Not provided by brokerage
Approx. size
700–1,100 ft²
Basement
None
Lot
Frontage
24.58 ft
Depth
150.00 ft
Lot area
≈ 3,687 ft² (calculated)
View
East
Community
Birchcliffe-Cliffside
Parking & utilities
Garage
None, 0 spaces
Driveway
Private, 2 spaces
Heating
Forced Air
Cooling
None
Water / sewer
Not provided by brokerage
Taxes
Property tax
$3,507 / 2026
Condo fee
N/A
Source
Data source
TRREB (VOW feed)
Listed by
ROYAL LEPAGE SIGNATURE REALTY
Interior
Level
Room
Size
Features
Loading rooms…
Interior Features
Bedrooms above grade: 2
Kitchens: 1 above grade
Basement: None
Heating: Forced Air
Cooling: None
Exterior
Pool features: None
Property features: Park, School, Public Transit, Fenced Yard
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,383/mo
Mortgage (principal + interest)$2,091
Property taxFrom listing: $3,507/yr$292
Minimum $30,900 down for this price; the slider moves in whole percent, starting at 6%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$111,800
Ontario land transfer taxProvincial brackets, no first-time refund$7,655
Toronto land transfer taxMunicipal brackets, no first-time refund$7,655
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$129,910
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
