1415 Military Tr

FOR SALE
$2,399,000
1415 Military Tr, Scarborough
1415 Military Tr
1415 Military Tr
1415 Military Tr
1415 Military Tr
1415 Military Tr
1415 Military Tr
1415 Military Tr
1415 Military Tr
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4 + 1
BEDROOMS
6
BATHROOMS
1 + 1
KITCHENS
12 + 2
ROOMS
E8097988
MLSID
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Property Description
Seize a rare opportunity to own a vast property featuring a 100 ft x 482 ft lot on a ravine. The studies, drawings and documents done, and the seller has completed the process for lot severance and approved through committee of adjustment, makes 2 ravine lots. This aligns with a trend in the neighborhood, as most nearby property owners have successfully severed their lots in recent years. Architectural drawings will be made available to interested parties upon an accepted offer. Currently, the property serves as an income-generating property. Recently renovated & remains usable until final approvals are obtained. Located just minutes from the University of Toronto (Scarborough Campus), Centennial College, shopping and more. This property is situated in a prime location within the prestigious and highly sought-after Military Trail/Highland Creek area, surrounded by large multi-million-dollar luxury homes.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-07-27 2022-10-27 92 $2,589,000 - Expired
2019-07-19 2019-08-29 41 $1,500,000 $1,350,000 Sold
2019-01-25 2019-07-18 174 $1,449,000 - Expired
2018-11-08 2019-01-25 78 $1,549,000 - Terminated
Extras
Attention Investors, Developers And End-Users - Tenanted Large Detached House. Minutes To Shopping, 401. Ttc At Door. Rendering photo attached
Property Features
Hospital, Park, Public Transit, Ravine, School
Property Details
Property Type
Detached, 2-Storey
Lot Size
100' x 482'
Fronting
South
Taxes
$7,436 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
LivingMain12.66' x 29.53'Hardwood Floor, Combined W/Dining
DiningMain9.25' x 11.48'Hardwood Floor, Combined W/Living, Window
BrMain12.80' x 14.44'Hardwood Floor, O/Looks Backyard, Window
KitchenMain10.66' x 11.48'Closet, O/Looks Backyard, Window
Br2nd10.66' x 13.62'Tile Floor, Closet, Window
Br2nd12.80' x 14.44'Hardwood Floor, Closet, Window
Prim Bdrm2nd16.73' x 21.98'Hardwood Floor, Ensuite Bath, Window
BrBsmt9.84' x 12.80'Broadloom, Window
LaundryBsmt9.84' x 13.12'
Scarborough Market Statistics
Scarborough Price Trend
1415 Military Tr is a 4-bedroom 6-bathroom home listed for sale at $2,399,000, which is $347,481 (16.9%) higher than the average sold price of $2,051,519 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 4 bedroom home in Scarborough declined by $7,154 (0.3%) compared to the previous 30 day period (February 26 - March 26) and up $4,880 (0.2%) from the same time one year ago.
Inventory Change
There were 567 4-bedroom homes listed in Scarborough over the last 30 days (March 27 - April 25), which is up 16.7% compared with the previous 30 day period (February 26 - March 26) and up 5.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Scarborough typically sold $22,091 (1.1%) above asking price over the last 30 days (March 27 - April 25), which represents a $8,227 increase compared to the previous 30 day period (February 26 - March 26) and $33,945 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 4-bedroom homes in Scarborough over the last 30 days (March 27 - April 25) stood at 55.2%, up from 51.4% over the previous 30 days (February 26 - March 26) and down from 58.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 6-bathroom home in Scarborough stood at 16 days when successfully sold over the last 30 days (March 27 - April 25), compared to 46 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Connect Realty
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