575 Meadowvale Rd

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575 Meadowvale Rd, Scarborough
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2 + 2
BEDROOMS
4
BATHROOMS
1
KITCHENS
5 + 3
ROOMS
E3930711
MLSID
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Property Description
***Location Location Location*** Deep Lot Size Could Rebuild Custom Home. This Home Has Been Renovated, Currently Rented To A++ Tenants Willing To Stay Or Vacate Possession. Sun-Filled Bungalow With Full Basement. The Lower Level With Separate Side Entrance Offers A Large Family Room. Walk-Out To Private Yard. Side Door From Kitchen Walk Out To Deck, Stairs And Railing Exceptional. Shows Very Well. Steps To Ttc, Uoft & Centennial College & Hospital.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-05-15 2021-05-27 12 $999,998 $1,200,000 Sold
Extras
Fridge, Stove, Washer, Dryer, Cac, All Elf's.
Property Features
Library, Park, Place Of Worship, Public Transit, School
Property Details
Property Type
Detached, Bungalow
Lot Size
60' x 185'
Fronting
East
Taxes
$3,074 (2017)
Basement
Fin W/O
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Available
Garage Type
None
Scarborough Market Statistics
Scarborough Price Trend
575 Meadowvale Rd is a 2-bedroom 4-bathroom home listed for sale at $949,900, which is $208,452 (18.0%) lower than the average sold price of $1,158,352 in the last 30 days (February 28 - March 28). During the last 30 days the average sold price for a 2 bedroom home in Scarborough increased by $66,348 (6.1%) compared to the previous 30 day period (January 29 - February 27) and up $34,441 (3.1%) from the same time one year ago.
Inventory Change
There were 155 2-bedroom homes listed in Scarborough over the last 30 days (February 28 - March 28), which is up 13.1% compared with the previous 30 day period (January 29 - February 27) and up 7.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold $73,614 (6.4%) above asking price over the last 30 days (February 28 - March 28), which represents a $18,262 increase compared to the previous 30 day period (January 29 - February 27) and $48,264 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 2-bedroom homes in Scarborough over the last 30 days (February 28 - March 28) stood at 67.7%, up from 57.7% over the previous 30 days (January 29 - February 27) and down from 76.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 4-bathroom home in Scarborough stood at 10 days when successfully sold over the last 30 days (February 28 - March 28), compared to 47 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Signature Realty, Brokerage
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