575 Meadowvale Rd

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575 Meadowvale Rd, Scarborough
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2 + 2
BEDROOMS
3
BATHROOMS
1
KITCHENS
5 + 3
ROOMS
E4066177
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, U Of Toronto & 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 3-bathroom home listed for sale at $859,900, which is $233,934 (21.4%) lower than the average sold price of $1,093,834 in the last 30 days (March 26 - April 24). During the last 30 days the average sold price for a 2 bedroom home in Scarborough declined by $74,898 (6.4%) compared to the previous 30 day period (February 25 - March 25) and down $64,676 (5.6%) from the same time one year ago.
Inventory Change
There were 200 2-bedroom homes listed in Scarborough over the last 30 days (March 26 - April 24), which is up 28.2% compared with the previous 30 day period (February 25 - March 25) and up 32.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold $80,184 (7.3%) above asking price over the last 30 days (March 26 - April 24), which represents a $66 decrease compared to the previous 30 day period (February 25 - March 25) and $70,915 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 (March 26 - April 24) stood at 73.5%, up from 62.2% over the previous 30 days (February 25 - March 25) and up from 70.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Scarborough stood at 12 days when successfully sold over the last 30 days (March 26 - April 24), compared to 42 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Signature Realty, Brokerage
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