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.
If you've been looking for more space without leaving Toronto, 32 Valley Centre Drive might be exactly what you've been waiting for. This detached 2-storey home offers over 2,300 sq. ft. above grade, with four bedrooms, three bathrooms and plenty of room to spread out. Sitting on an approximately 40 x 118 ft. lot backing onto greenspace, the home also features an attached double garage, a private double driveway and parking for up to six vehicles-a combination that's not always easy to find in the city. Inside, separate living and dining areas give you plenty of space to entertain, while the kitchen offers generous cabinetry, modern counters/backsplash, and a large peninsula island overlooking the breakfast area with walkout to deck and backyard. Upstairs, the spacious family room gives you another place to relax, complete with a vaulted ceiling, fireplace and large windows that bring in plenty of natural light. You'll also find four comfortable bedrooms upstairs, including a spacious primary bedroom with its own 4-piece ensuite, plus an additional 4-piece bathroom. Downstairs, the full, partially finished basement gives you even more space to make your own-whether that's a rec room, home office, gym, playroom or extra storage. What I really like about this home is the possibility. You already have the space, the lot and the layout-you can simply make it yours over time. With TTC and schools nearby, convenient access to Highway 401 and plenty to explore throughout this part of Scarborough, it's a location that keeps everyday life connected. A solid family home. A great-sized lot. And lots of room for whatever comes next. Seller agrees to install new laminate flooring in the basement from samples provided at his own expense prior to closing.
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Estimated Rental Income
Rental estimate coming soon
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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$4,646/mo
Mortgage (principal + interest)$4,209
Property taxFrom listing: $5,248/yr$437
Minimum $87,500 down for this price; the slider moves in whole percent, starting at 8%. 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$225,000
Ontario land transfer taxProvincial brackets, no first-time refund$18,975
Toronto land transfer taxMunicipal brackets, no first-time refund$18,975
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$265,750
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.
