123 Preston St
Birchcliffe-Cliffside, Scarborough, M1N 3N4
FOR SALE
$699,900
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Property Description
**ATTENTION! Builders & Investors!** 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 2200 sqft Modern House! The Proposed House Has Been Thoughtfully Designed With An Open Concept Main Floor That Seamlessly Blends Style & Functionality. The Expansive Living Area Will Be Bathed In Natural Light, Creating An Inviting Atmosphere For Entertaining & The gourmet kitchen Will Boasts Ample Counter Space & Centre Island, Making It A Chef's Delight! The 2nd Level Has Been Designed To Feature 4 Spacious Bedrooms & 3 Washrooms! The Plans Also Provide For A Fully Finished Open Concept Basement With A Massive Basement Walkout! Beyond The Promising Plans, The Existing Bungalow Has Been Well Maintained Has Served 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 - 121 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 |
|---|---|---|---|---|---|
| 2023-06-13 | 2023-10-31 | 140 | $829,000 | - | Expired |
| 2021-11-18 | 2021-11-20 | 2 | $679,888 | $765,000 | Sold |
Extras
Located in the vibrant Kennedy and St. Clair Ave area, you'll enjoy the convenience of nearby amenities, including shopping, schools, parks, and excellent transportation options.
Nearby Intersections
Property Features
Fenced Yard, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
25' x 150'
Fronting
East
Taxes
$2,868 (2024)
Basement
None
Exterior
Alum Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Scarborough Market Statistics
Scarborough Price Trend
123 Preston St is a 1-bedroom 1-bathroom home listed for sale at $699,900, which is $110,100 (13.6%) lower than the average sold price of $810,000 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 1 bedroom home in Scarborough declined by $43,285 (5.1%) compared to the previous 30 day period (November 18 - December 17) and down $104,250 (11.4%) from the same time one year ago.Inventory Change
There were 4 1-bedroom homes listed in Scarborough over the last 30 days (December 18 - January 16), which is down 0.0% compared with the previous 30 day period (November 18 - December 17) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom homes in Scarborough typically sold ($14,900) (1.8%) below asking price over the last 30 days (December 18 - January 16), which represents a $7,486 decrease compared to the previous 30 day period (November 18 - December 17) and ($91,975) 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 1-bedroom homes in Scarborough over the last 30 days (December 18 - January 16) stood at 25.0%, down from 175.0% over the previous 30 days (November 18 - December 17) and down from 200.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom home in Scarborough stood at 24 days when successfully sold over the last 30 days (December 18 - January 16), compared to 149 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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**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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