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Listed 21 days ago

4 Drake Crescent

Cliffcrest, Toronto

$2,949,000

Detached|2-Storey
4 | 6 | 5
About this home

Welcome to 4 Drake Crescent, Luxury residence positioned in one of Scarborough's most sought-after waterfront communities with unobstructed lake views and over 4,800 sq ft of total living space. Just moments from the Scarborough Bluffs, waterfront trails, parks, marinas, schools, and commuter routes, this home offers the perfect blend of luxury and lifestyle. Designed with premium finishes throughout, the home features 10 ft ceilings on the main floor, 9 ft ceilings on the upper and lower levels, engineered Oak flooring throughout the main and upper floors. Spray foam insulation, recessed lighting, and elegant cove lighting integrated into the living and dining ceilings. The chef-inspired kitchen showcases quartz countertops, upgraded appliances, built-in coffee maker, convection microwave, wine fridge, and custom integrated-style oven doors.The family room features full custom millwork, gas fireplace, hardwood flooring, and walk-out to a balcony overlooking the backyard and lake beyond. Upstairs offers 4 spacious bedrooms including a luxurious primary retreat with double door entry, private terrace, unobstructed lake views, custom walk-in closet built-ins, dedicated vanity room, and spa-inspired 6-piece ensuite with Toto electronic bidet toilet and heated floors. All Full Bathrooms feature heated floors. The fully finished lower level with 9 ft ceilings includes 3 additional rooms currently set up as a gym, office, and guest bedroom, plus a large rec room with electric fireplace, entertainment system, wet bar with sink and wine fridge, sliding walk-up access, vinyl plank flooring, 8-person sauna, and 4-piece bathroom. Additional highlights include a large foyer with custom storage, upper-level laundry room with sink, side entrance, fully fenced backyard with hardscaped patio and room for a pool, 1-car garage with workshop space, 4 driveway parking spaces, and upgraded 1-inch water service.

Extras

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$4,300
Lot Size52 ft x 126 ft
mls© NumberE13561440
Listed ByRE/MAX URBAN TORONTO TEAM REALTY INC.

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$15,094
Property tax
$358
Heat allowance
$150
Housing costs
$15,603 / mo

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

Down payment20% · $589,800
25-yr amortization

Income needed

$480,000

gross annual household income

Payment at 4%
$12,410 / mo
Cash down
$589,800

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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