121 Preston St
Birchcliffe-Cliffside, Scarborough, M1N 3N4
FOR SALE
$699,900
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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**
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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 |
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Property Details
Street
Community
City
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
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 15.12' x 11.15' | Combined W/Sunroom |
| Sunroom | Main | 9.61' x 4.40' | Combined W/Living |
| Kitchen | Main | 8.33' x 11.19' | |
| Prim Bdrm | Main | 9.84' x 9.88' | |
| 2nd Br | Main | 9.45' x 9.38' | |
| Study | Main | 8.43' x 9.35' | |
| Laundry | Main | 5.15' x 9.78' |
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Scarborough Market Statistics
Scarborough Price Trend
121 Preston St is a 2-bedroom 1-bathroom home listed for sale at $699,900, which is $342,239 (32.8%) lower than the average sold price of $1,042,139 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 2 bedroom home in Scarborough declined by $111,757 (9.7%) compared to the previous 30 day period (November 18 - December 17) and up $77,074 (8.0%) from the same time one year ago.Inventory Change
There were 72 2-bedroom homes listed in Scarborough over the last 30 days (December 18 - January 16), which is down 20.9% compared with the previous 30 day period (November 18 - December 17) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold ($16,217) (1.6%) below asking price over the last 30 days (December 18 - January 16), which represents a $14,365 decrease compared to the previous 30 day period (November 18 - December 17) and ($22,953) 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 (December 18 - January 16) stood at 66.7%, down from 87.9% over the previous 30 days (November 18 - December 17) and down from 119.4% 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 34 days when successfully sold over the last 30 days (December 18 - January 16), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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