193 Balsam Ave
The Beaches, Scarborough, M4E 3C2
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6 + 2
BEDROOMS6
BATHROOMS6
KITCHENS20
ROOMSE3650971
MLSIDContact Us
Property Description
Prime Beach Location - "Balsam Manor". Spectacular Investment Opportunity With 6 Apartments With High Ceilings. Updated Spacious Main Floor With Heated Kitchen & Bathroom Floors - Ideal To Live In & Rent Out Other Units. Tenants Willing To Stay. Can Easily Park 7 Vehicles. Roof '10, Windows '07, On Demand Hot Water '09. Smoke Detectors Hardwired, Emergency Stairwell. Nov 2016 Income $8290.36/Month - Potential $9000+
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-01-05 | 2022-01-13 | 8 | $2,300 | $2,300 | Leased |
| 2020-01-07 | 2020-02-19 | 48 | $2,300 | $2,450 | Leased |
| 2019-12-04 | 2020-01-10 | 37 | $2,400 | - | Terminated |
Extras
All Existing Elfs (Excl Main Floor Din Rm Elf), 6 Fridges, 6 Stoves, 2 Dishwashers, 2 Washers & 2 Dryers, 1 Coin-Op Washer & Dryer.
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Property Details
Street
Community
City
Property Type
Multiplex, 2 1/2 Storey
Approximate Sq.Ft.
5000+
Lot Size
80' x 103'
Fronting
East
Taxes
$8,917 (2016)
Basement
Apartment, Sep Entrance
Exterior
Brick, Wood
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
7
Driveway
Private
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Ground | 12.89' x 15.09' | Hardwood Floor, Large Window, Stained Glass |
| Dining | Ground | 10.99' x 17.19' | Hardwood Floor, Large Window, Pocket Doors |
| Kitchen | Ground | 12.17' x 25.79' | Eat-In Kitchen, Stainless Steel Appl, Granite Counter |
| Master | Ground | 11.58' x 10.99' | Hardwood Floor, Large Closet, Large Window |
| 2nd Br | Ground | 10.07' x 10.10' | Hardwood Floor, Large Closet, Large Window |
| Sunroom | Ground | 8.17' x 8.30' | Hardwood Floor, Large Window, Combined W/Master |
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Scarborough Market Statistics
Scarborough Price Trend
193 Balsam Ave is a 6-bedroom 6-bathroom home listed for sale at $2,274,900, which is $212,212 (10.3%) higher than the average sold price of $2,062,688 in the last 30 days (March 10 - April 8). During the last 30 days the average sold price for a 6 bedroom home in Scarborough declined by $303,299 (12.8%) compared to the previous 30 day period (February 9 - March 9) and down $211,206 (9.3%) from the same time one year ago.Inventory Change
There were 17 6-bedroom homes listed in Scarborough over the last 30 days (March 10 - April 8), which is down 46.9% compared with the previous 30 day period (February 9 - March 9) and down 22.7% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Scarborough typically sold $27,010 (1.3%) above asking price over the last 30 days (March 10 - April 8), which represents a $174,577 increase compared to the previous 30 day period (February 9 - March 9) and ($53,871) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 6-bedroom homes in Scarborough over the last 30 days (March 10 - April 8) stood at 58.8%, up from 28.1% over the previous 30 days (February 9 - March 9) and up from 40.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 6-bathroom home in Scarborough stood at 53 days when successfully sold over the last 30 days (March 10 - April 8), compared to 95 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Premier Inc., Brokerage
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