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Investment signal

$859,000

88 JOLLY WAY

Beds

Baths

4.1

Sqft

—

Year

—

Location

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About this home

Welcome to 88 Jolly Way! No maintenance fees. Stunning 4-bedroom, 4-bath freehold corner townhome that feels like a semi-detached, built by Mattamy Homes, offering approximately 2,200 sq ft of upgraded living space in a family-friendly neighbourhood. This bright and spacious home features hardwood flooring throughout, a modern kitchen with granite countertops, and quality finishes. Functional layout includes a ground-level bedroom with sound insulation, ideal for in-law use, a home office or flexible living space. Enjoy a private deck and additional side yard space, ideal for outdoor use or gardening. Enjoy the convenience of an attached garage, along with central vacuum and HRV/ERV (central ventilation system) for enhanced comfort and air quality, plus additional parking available through the city. Conveniently located minutes to Highway 401, Scarborough Town Centre, parks, and great schools nearby, with easy access to all amenities. Property is tenanted and current rental income is $4200/month. (id:65958)

Subtype: Single Family
Structure: Row / Townhouse
Community: Dorset Park
Condition: Insulation upgraded
Common interest: Freehold
Lot dimensions: 16.9 x 78.2 FT
Bedrooms: 4 above grade
Parking: 1 total
Stories: 3
Fireplace: 1
On market: Apr 16, 2026
Status changed: Apr 18, 2026
Annual tax: $4,833.7 (2025)
Photos: 19
MLS#: E13006208
Area: TORONTO_(DORSET_PARK)

Features and systems

Parking

Attached GarageGarage

Basement

None

Appliances

WasherRefrigeratorWater meterCentral VacuumDishwasherStoveDryerWindow Coverings

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Flooring

TileHardwood

Foundation

ConcreteBrick

Lot

Carpet FreeIn-Law Suite

Negative cash flow ~$1,678/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.72%

Cap rate

3.54%

GRM

16.6

Break-even rent

$6,067

Financing

Down payment$171,800

Loan amount$687,200

Mortgage$4,216/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$394

Insurance$80

Maintenance$716

CapEx reserve$358

Vacancy loss$215

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Dorset Park). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $4,216/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.