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Listed 11 months ago

405 - 240 Scarlett Road

Rockcliffe-Smythe, Toronto

$629,000

Condo Apartment |
2 | 2 | 1 | 1
About this home

The Lambton Square condominium community consists of four distinct towers, each forming a separate condo corporation with its own dedicated recreation facilities. This condo is ideally situated at 240 Scarlett Rd and offers exceptional access to a wide range of amenities. Public transit is steps away, with multiple bus routes along Scarlett and easy connections to Runnymede Station on the Bloor subway line. Daily conveniences are nearby: grocery stores, European bakeries, and local shops. For nature lovers, the building backs onto the Humber River trails and is a short stroll to James Gardens-perfect for walking, cycling, or simply enjoying the outdoors. Golf enthusiasts will appreciate having the prestigious Lambton Golf & Country Club next door. Unit 405 offers exceptional value for those seeking spacious & functional living. The unit offers a family-sized kitchen with a cozy breakfast nook, a proper dining room, and a generous sunken living room with an electric fireplace. When you step out onto the oversized private balcony, the first thing you notice is the Humber River flowing just right there. Surrounded by mature trees, it feels less like a condo and more like your own private home. Beautiful flooring runs through the main areas, with wood parquet in the bedrooms. The primary bedroom includes a large closet and a 4-piece ensuite. The second bedroom works beautifully as a guest room or home office. Both bathrooms are 4-piece, featuring built-in cabinetry, a shower enclosure, and a soaker tub. An ensuite laundry room with additional storage completes this well-designed space. The building offers top-tier amenities: outdoor pool, fitness centre, sauna, party/meeting rooms, car wash bay & bike storage. Whether you're looking to downsize or upsize into space that finally feels like home, you may want to consider this property. Relax by the pool, stroll or cycle the trails, or hit the gym -- lifestyle, comfort, and value all in one place.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. Age31-50
Size1000-1199 sq. ft.
Maintenance Fees$902
LockerExclusive
BalconyOpen
ExposureNorth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,541
mls© NumberW12371821
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.
Heat Included
Hydro Included
Water Included
Cable TV Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

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%
$3,220
Property tax
$212
Heat allowance
$150
Condo fees, half counted
$451
Housing costs
$4,032 / mo

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

Down payment20% · $125,800
25-yr amortization

Income needed

$124,000

gross annual household income

Payment at 4%
$2,647 / mo
Cash down
$125,800

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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