121 Preston St

FOR SALE
$799,900
121 Preston St, Scarborough
121 Preston St
121 Preston St
121 Preston St
121 Preston St
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
7
ROOMS
E11882799
MLSID
Contact Us
Property Description
**Attention Investors & Builders** Do Not Miss This Exceptional Opportunity! This Charming Bungalow, Situated On A Deep 150 ft. Lot, Offers The Perfect Canvas For Your Dream Home With Plans Ready To Build A Magnificent Modern House! The Existing Bungalow Has Been Well Maintained & Currently Serves As A Reliable Income Source! This Presents A Fantastic Opportunity For Those Seeking To Offset Their Carrying Costs Until Such Time As They Are Ready To Start Construction!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2020-11-04 2020-11-05 1 $599,000 $608,000 Sold
Nearby Intersections
Property Details
Property Type
Detached, Bungalow
Lot Size
25' x 150'
Fronting
East
Basement
None
Exterior
Alum Siding, Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain15.12' x 11.15'Combined W/Sunroom
SunroomMain9.61' x 4.40'Combined W/Living
KitchenMain8.33' x 11.19'
Prim BdrmMain9.84' x 9.88'
2nd BrMain9.45' x 9.38'
StudyMain8.43' x 9.35'
LaundryMain5.15' x 9.78'
Scarborough Market Statistics
Scarborough Price Trend
121 Preston St is a 2-bedroom 1-bathroom home listed for sale at $799,900, which is $313,134 (28.1%) lower than the average sold price of $1,113,034 in the last 30 days (January 19 - February 17). During the last 30 days the average sold price for a 2 bedroom home in Scarborough increased by $90,637 (8.9%) compared to the previous 30 day period (December 20 - January 18) and up $70,043 (6.7%) from the same time one year ago.
Inventory Change
There were 118 2-bedroom homes listed in Scarborough over the last 30 days (January 19 - February 17), which is up 57.3% compared with the previous 30 day period (December 20 - January 18) and up 12.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold $31,814 (2.9%) above asking price over the last 30 days (January 19 - February 17), which represents a $43,281 increase compared to the previous 30 day period (December 20 - January 18) and $23,921 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 (January 19 - February 17) stood at 52.5%, down from 56.0% over the previous 30 days (December 20 - January 18) and down from 67.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Scarborough stood at 20 days when successfully sold over the last 30 days (January 19 - February 17), compared to 81 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Signature Realty
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