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.
Welcome to 78 South Edgely Avenue in Scarborough! This spacious two-storey home offers 3+2 bedrooms and a functional layout, making it an excellent choice for families, investors, or buyers looking for additional living space and income potential.The main and upper levels feature three well-sized bedrooms, comfortable living areas, and plenty of natural light. The finished basement offers a separate 2-bedroom apartment with its own private entrance, ideal for extended family, an in-law suite, or potential rental income. The basement may offer approximately $1,800-$2,000 per month in rental income, subject to market conditions and buyer verification.The home is equipped with a 200-amp electrical panel and also offers an outdoor EV charger option, providing added convenience for electric vehicle owners and future-ready functionality.Conveniently located in an established Scarborough neighbourhood close to schools, parks, shopping, public transit, and everyday amenities, this property offers a great combination of comfort, flexibility, and investment potential.A wonderful opportunity to own a versatile home in a convenient Toronto location!
Demographic data is not available for this area yet.
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Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
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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$3,881/mo
Mortgage (principal + interest)$3,554
Property taxFrom listing: $3,929/yr$327
Minimum $70,000 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$190,000
Ontario land transfer taxProvincial brackets, no first-time refund$15,475
Toronto land transfer taxMunicipal brackets, no first-time refund$15,475
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$223,750
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.
