1040 Kennedy Rd
Dorset Park, Scarborough, M1P 2K6
FOR SALE
$879,000
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2 + 2
BEDROOMS3
BATHROOMS1
KITCHENS5 + 4
ROOMSE10929667
MLSIDContact Us
Property Description
This charming brick, detached home is a renovator's dream with endless potential. Offering 2+2 spacious bedrooms, including a large primary suite, it was previously configured as a 3+2-bedroom home and can easily be restored with the addition of a single wall. Designed with entertaining in mind, the open-concept dining and living areas create a warm and inviting atmosphere for gatherings. The home features a functional layout with ample living space and a separate side entrance to the basement, providing excellent potential for a secondary suite or added flexibility. Situated in a commuter-friendly location, the property offers convenient access to major highways and transit, making it ideal for families or investors. While the home requires some TLC, it presents a fantastic opportunity for renovators, contractors, or those looking to customize their dream home. Whether you're seeking a family residence or a flip project, this property is brimming with possibilities!
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Nearby Intersections
Kennedy & Lawrence (16)
Property Features
Fenced Yard, Hospital, Park, Place Of Worship, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
40' x 118'
Acreage
< .50
Fronting
East
Taxes
$3,791 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Powder Rm | Main | 2.62' x 4.00' | 2 Pc Bath, Tile Floor |
| Kitchen | Main | 8.96' x 12.30' | |
| Family | Main | 13.16' x 13.94' | Laminate, Bay Window |
| Dining | Main | 10.43' x 9.55' | Laminate |
| Bathroom | Main | 5.48' x 9.48' | Tile Floor, 3 Pc Bath |
| Prim Bdrm | Main | 10.01' x 10.47' | Laminate |
| 2nd Br | Main | 9.06' x 10.10' | Laminate |
| 3rd Br | Bsmt | 12.37' x 12.73' | Laminate |
| 4th Br | Bsmt | 10.07' x 12.40' | Laminate |
| Family | Bsmt | 12.11' x 15.06' | Tile Floor |
| Laundry | Bsmt | 6.20' x 4.00' | Tile Floor |
| Bathroom | Bsmt | 7.94' x 8.50' | Tile Floor, 3 Pc Bath |
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Scarborough Market Statistics
Scarborough Price Trend
1040 Kennedy Rd is a 2-bedroom 3-bathroom home listed for sale at $879,000, which is $268,290 (23.4%) lower than the average sold price of $1,147,290 in the last 30 days (November 3 - December 2). During the last 30 days the average sold price for a 2 bedroom home in Scarborough declined by $19,730 (1.7%) compared to the previous 30 day period (October 4 - November 2) and up $94,907 (9.0%) from the same time one year ago.Inventory Change
There were 111 2-bedroom homes listed in Scarborough over the last 30 days (November 3 - December 2), which is down 40.3% compared with the previous 30 day period (October 4 - November 2) and down 26.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold ($2,516) (0.2%) below asking price over the last 30 days (November 3 - December 2), which represents a $3,279 increase compared to the previous 30 day period (October 4 - November 2) and $4,396 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 2-bedroom homes in Scarborough over the last 30 days (November 3 - December 2) stood at 93.7%, up from 63.4% over the previous 30 days (October 4 - November 2) and up from 62.7% 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 32 days when successfully sold over the last 30 days (November 3 - December 2), compared to 56 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Miracle Realty Ltd
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