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Why these Cheap Scarborough Properties with Lucky Homes Realty are a Smart Investment? GTA Toronto Real Estate Opportunity for around $600K!

These Properties Were in the $200Ks a Decade Ago—Imagine the ROI When You Buy Now instead of waiting! Why These Cheap Scarborough Properties with Lucky Homes Realty are a Smart Investment


A Decade Ago, They Were in the $200Ks!


If you're eyeing the Toronto real estate market, now might be the perfect time to jump in. Scarborough, one of the most accessible and thriving areas in the GTA, offers properties that are still priced within reach—around $600K. But here's a thought-provoking fact: these very properties were in the $200Ks just a decade ago. Imagine the potential return on investment (ROI) if you purchase now and decide to sell or flip in the next 5 years!


In this blog post, we'll explore these why these cheap scarborough properties with Lucky Homes Realty Brokerage located in Scarborough at 5928 Finch Ave E Unit #220 Scarborough, ON M1B 5P8 These listings represent one of the best opportunities for first-time buyers and savvy investors looking to get into the Toronto market. We’ll break down the current listings, the upward trend of property values in the GTA, and how you could maximize your investment for the future.


A Decade of Rapid Growth: Scarborough’s Rising Property Values

If we rewind the clock 10 years, many of the homes currently listed for around $600K in Scarborough were priced in the low $200Ks. Fast forward to 2024, and the real estate market has seen dramatic growth. Toronto has been one of Canada’s hottest property markets, with prices rising steadily across the GTA.


Here’s why these Scarborough properties continue to offer potential for value appreciation:
  • Location: Scarborough is conveniently located with access to major highways like the 401 and public transit systems, making commutes to downtown Toronto easy and stress-free. It’s also home to numerous amenities—schools, shopping malls, parks, and recreational facilities, which all contribute to the area's desirability.

  • Community Growth: Over the years, Scarborough has evolved into a bustling urban hub with thriving neighborhoods, more retail options, and improved infrastructure. Continued urban development means rising demand and property values.

  • Affordability: While homes in downtown Toronto are priced out of reach for many, Scarborough provides a more affordable gateway into the GTA market. For around $600K, you can purchase a spacious home that offers the same amenities as properties in more expensive neighborhoods.



The Properties You Should Be Looking At

Let’s dive into three properties currently on the market, offering great value for potential homeowners or investors:



1. 311 - 2050 BRIDLETOWNE CIRCLE Toronto, ON | $599K

2050 Bridletowne Circle, Unit #311 Lucky Homes Realty

This 2+1 bedroom, 2 bathroom condo in the Warden & Finch area is perfect for families or first-time buyers. Recently updated with a modern kitchen and new laminate floors, it’s move-in ready. You’ll also love the convenience of being steps away from schools, malls, and public transit, making it ideal for daily living or rental purposes.




 

2. 65 - 91 MUIR DRIVEToronto (Scarborough Village), ON | $645K

91 Muir Drive, Unit #65 Lucky Homes Realty

A completely renovated 3-bedroom, 2-bathroom townhome located near Markham Rd & Kingston Rd, this home offers brand new everything—kitchen, bathrooms, flooring, and fresh paint. It also comes with underground parking and a fenced front yard perfect for family gatherings. With schools, parks, and public transit nearby, this property checks all the boxes for investors and families alike.



 

3. 312 - 39 KIMBERCROFT COURT (Agincourt South-Malvern West) Toronto, ON | $585K

39 Kimbercroft Crt, Unit #312 Lucky Homes Realty

This newly renovated 2+1 bedroom, 2 bathroom condo stands out with two master bedrooms, each with walk-in closets and ensuite bathrooms—a rare feature! With two west-facing balconies and a prime location near Markham Rd & Sheppard Ave, this is a fantastic opportunity for buyers looking for a bright, spacious unit in a convenient area.



 

Why Now Is the Time to Buy in Scarborough?


Real Estate Trends

Real estate experts agree that the GTA is experiencing consistent property value growth, with no signs of slowing down. This is particularly true for areas like Scarborough, where properties are still affordable compared to downtown Toronto, yet the region offers an urban lifestyle with plenty of amenities. Buying now means that as prices continue to climb, your property value will rise along with it, creating a solid ROI for future selling or rental opportunities.


Affordability for First-Time Buyers

First-time buyers often find themselves priced out of Toronto’s core areas. Scarborough provides a more affordable entry into the real estate market. These properties, especially around the $600K range, offer excellent value for what you get—spacious homes, modern amenities, and prime locations.


Potential for Rental Income

If you’re an investor, Scarborough offers a hot rental market. With many nearby schools, including colleges, these properties could generate consistent rental income. The 2+1 bedroom setups, like the ones at 311 Bridletowne Circle and 39 Kimbercroft Crt, are perfect for renting out, thanks to their size and modern updates.


What Can You Expect in 5 Years?

If we look at the history of property value growth in Scarborough, there's a strong chance that homes currently selling for $600K could see significant appreciation in the next 5 years. The booming demand for housing in the GTA, combined with Scarborough’s increasing development, makes this an area to watch for continued growth. Investing now could mean a high ROI when you decide to sell or flip your property down the line.


Conclusion: The Time to Invest Is Now

Whether you’re a first-time buyer looking for a budget-friendly entry point into the Toronto real estate market or an investor seeking the next great flip opportunity, these Scarborough properties are a smart investment. Prices were in the $200Ks a decade ago, and today they’re hovering around $600K—with the potential for even greater appreciation in the coming years.


Don’t miss out on your chance to secure a property in one of the GTA’s most accessible and affordable areas before prices climb even higher!

Interested?


Contact Arul Sivasubramaniam for more details:

📞 416-518-9782


LUCKY HOMES REALTY

Real Estate Brokerage

5928 FINCH AVE E #220

Scarborough, ON M1B5P8

416-297-5555






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