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Real Estate News

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

By Jonathan Forani
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Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough
Listed At
$4,250,000
Sold For
$4,270,000

Address: 25 Meadowcliffe Drive
Neighbourhood: Cliffcrest Agent: Roxane Bryce, Real Estate Bay Realty, Brokerage Previously sold for: $1,550,000, in 2013      

The property

A mammoth seven-bedroom estate with views of the lake.

The history

The sellers came across this house five years ago, when it had been listed for sale for two years with no takers. After they bought the place, they gutted the interior and spent $2 million on renovations over the course of four years.

Here’s a street-level view of the front of the house:

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

The living and dining area occupies its own wing, with high ceilings:

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Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

Here’s a closer look at the kitchen island:

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

The family room easily accommodates a pool table:

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

Who doesn’t have a sign that says “office” on the desk in their office?

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

There are two bedrooms on the ground floor. This is one of them:

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

And there are also three bedrooms on the second floor. This one has cathedral ceilings and a little vanity nook:

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Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

This one has access to its own little terrace:

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

Here’s the master bedroom:

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

The master bedroom has a sitting area with a fireplace:

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

And a very luxurious ensuite bathroom:

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

The basement has a small second kitchen and two bedrooms, so it could work as an in-law suite:

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Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

And there’s a media room:

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

The three-car garage:

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

The backyard has a large deck with plenty of space for cooking and entertaining:

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough

And there’s a pool:

Sale of the Week: The $4.3-million Cliffcrest mansion that proves luxury buyers can live in Scarborough
The fate

The buyers are a pair of young newlyweds who were looking for lots of living space. They had been searching in the Bridle Path area, where homes of similar size can sell for several million dollars. This house comes with more than an acre of land, so they considered it a steal. They like its proximity to the lake and the Scarborough Bluffs.

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The sale

The house took nearly 10 months to sell. The agent thinks the Cliffcrest neighbourhood is unattractive to buyers used to hunting for homes in ritzy neighbourhoods north of downtown. She estimates that she spent close to $40,000 on marketing.

By the numbers

• $4,270,000 • $13,500 in taxes (approximately) • 8,200 square feet (including the basement) • 10 months on MLS • 8 parking spaces • 7 bedrooms • 5 bathrooms • 3-car garage

The Hunt

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