121 Preston St

FOR SALE
$699,900
121 Preston St, Scarborough
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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! **Additional Opportunity - 123 Preston St, With Buildings Permits, Also Listed for Sale**
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 $699,900, which is $435,494 (38.4%) lower than the average sold price of $1,135,394 in the last 30 days (November 11 - December 10). During the last 30 days the average sold price for a 2 bedroom home in Scarborough increased by $5,167 (0.5%) compared to the previous 30 day period (October 12 - November 10) and up $118,674 (11.7%) from the same time one year ago.
Inventory Change
There were 116 2-bedroom homes listed in Scarborough over the last 30 days (November 11 - December 10), which is down 18.9% compared with the previous 30 day period (October 12 - November 10) and up 23.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold $147 (0.0%) above asking price over the last 30 days (November 11 - December 10), which represents a $8,564 increase compared to the previous 30 day period (October 12 - November 10) and $4,174 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 11 - December 10) stood at 84.5%, up from 76.2% over the previous 30 days (October 12 - November 10) and down from 89.4% 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 33 days when successfully sold over the last 30 days (November 11 - December 10), compared to 64 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Signature Realty
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