103 Malvern Ave

FOR SALE
$2,695,000
103 Malvern Ave, Scarborough
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
103 Malvern Ave
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5 + 2
BEDROOMS
4
BATHROOMS
2 + 1
KITCHENS
10 + 4
ROOMS
E8078414
MLSID
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Property Description
Let's paint a picture of how 103 Malvern is the perfect family compound. There are so many articles in the news about multi-generational living options to combat the higher prices in the city. This house is the one that offers a complete set of solutions. The main house - there are 3 completely separate units self-contained with private entrances & outdoor space. A condo like the main floor space would cost $850k+. 3 bedroom spaces like the 2nd and 3rd floor start at $1.2M. The basement suite would bring in extra income of $2400 OR would be perfect for the younger members of the family to get a solid start in the city. Behind the main house is a city approved for a 1700 sqft garden suite that would rival most homes on the street. This is NOT potential BUT approved. Land value is $1M+ for gdn suite. Finally the parking. Most multi-generational options have limited parking. This lot includes a bonus strip of land extending south off the back of the lot. Enough room for 4 parking spots.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-03-03 2022-03-05 2 $1,699,000 $1,602,500 Sold
2022-03-03 2022-03-05 2 $1,699,000 $1,602,500 Sold
2022-02-16 2022-03-03 15 $1,599,900 - Terminated
Extras
Approved plans to build a 1700 sqft - 3 bed, 2.5 bath garden suite with loft. Utilities pre run to rear of property. Orphaned lane owned to accommodate 4 additional parking spaces in addition to garden suite. Vacant Occupancy Guaranteed.
Nearby Intersections
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
Property Details
Property Type
Detached, 3-Storey
Lot Size
25' x 140'
Lot Irregularities
Plus 47.51 X 20 Feet Per Survey & Legal
Fronting
East
Taxes
$6,243 (2023)
Basement
Apartment, Sep Entrance
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Rt-Of-Way
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain12.24' x 9.97'Large Window, Hardwood Floor, Pot Lights
KitchenMain8.27' x 9.12'Stainless Steel Appl, Undermount Sink, B/I Dishwasher
BrMain9.15' x 10.30'Closet, Window, B/I Closet
BrMain9.55' x 9.28', Window, B/I Closet
Kitchen2nd8.60' x 12.73'W/O To Deck, Centre Island, B/I Dishwasher
Dining2nd9.28' x 16.80'Window, Hardwood Floor, Combined W/Kitchen
Living2nd9.22' x 14.47'Pot Lights, Window, Hardwood Floor
Br2nd8.96' x 13.09'Pot Lights, Window, Hardwood Floor
Br3rd11.98' x 12.60'Hardwood Floor, Window, B/I Closet
Br3rd11.88' x 11.38'Skylight, Hardwood Floor, Overlook Patio
LivingBsmt16.86' x 9.12'Vinyl Floor, French Doors, Pot Lights
KitchenBsmt13.06' x 8.66'B/I Dishwasher, Pot Lights, B/I Range
Scarborough Market Statistics
Scarborough Price Trend
103 Malvern Ave is a 5-bedroom 4-bathroom home listed for sale at $2,695,000, which is $92,305 (3.5%) higher than the average sold price of $2,602,695 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 5 bedroom home in Scarborough increased by $198,095 (8.2%) compared to the previous 30 day period (February 26 - March 26) and down $282,952 (9.8%) from the same time one year ago.
Inventory Change
There were 133 5-bedroom homes listed in Scarborough over the last 30 days (March 27 - April 25), which is up 14.7% compared with the previous 30 day period (February 26 - March 26) and up 22.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Scarborough typically sold ($58,646) (2.3%) below asking price over the last 30 days (March 27 - April 25), which represents a $39,039 decrease compared to the previous 30 day period (February 26 - March 26) and ($18,196) less 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 5-bedroom homes in Scarborough over the last 30 days (March 27 - April 25) stood at 45.1%, down from 51.7% over the previous 30 days (February 26 - March 26) and down from 59.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Scarborough stood at 15 days when successfully sold over the last 30 days (March 27 - April 25), compared to 63 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Realty Ltd.
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