2 Balsam Rd

FOR SALE
$6,295,000
2 Balsam Rd, Scarborough
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4 + 1
BEDROOMS
4
BATHROOMS
1
KITCHENS
11 + 3
ROOMS
E9351500
MLSID
Contact Us
Property Description
Welcome to the most spectacular home in the Beach!! One-of-a-kind sanctuary on just under 1 acre, backing onto Glen Stewart ravine! This Tudor-style residence with its cobblestone driveway and stunning 20x40 inground pool, is truly like a cottage in the city on a quiet cul-de-sac on one of the Beach's most coveted streets! Over 5300 sf of elegant living space including classic floor-to-ceiling paneling in the principal rooms, French doors to main floor family room with wood-burning fireplace, and a sunroom with panoramic nature views. Several walk-outs to private patios, decks, and direct access to the pool area, perfect for lounging and entertaining. 4+1 bedrooms, including a primary bedroom with 4-piece ensuite, and a versatile 3rd-floor loft. Finished basement with an extra bedroom, rec room with a gas fireplace, gym/den, and two walk-outs. Private stone stairs lead down to the ravine and a large lawn with a fire pit surrounded by perennial gardens. Stone pathways through nature reveal hidden sitting areas, offering a truly magical retreat. Watch for a variety of wildlife and revel in your own urban sanctuary!
Nearby Intersections
Property Details
Street
Community
Property Type
Detached, 2 1/2 Storey
Lot Size
59' x 240'
Lot Irregularities
Widens to 260 at the back
Fronting
North
Taxes
$24,499 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick, Stone
Heat Type
Water
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
6
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain14.60' x 17.42'Large Window, Fireplace
FamilyMain15.22' x 18.83'Fireplace, W/O To Deck
DiningMain15.22' x 10.07'Large Window, Open Concept
SunroomMain12.57' x 13.39'W/O To Yard, Large Window
KitchenMain16.57' x 13.45'B/I Appliances, W/O To Deck, Large Window
BreakfastMain9.35' x 13.16'W/O To Pool, Window Flr to Ceil
Prim Bdrm2nd15.19' x 14.57'4 Pc Bath, Closet, W/O To Deck
2nd Br2nd16.70' x 25.20'Large Window, Closet
3rd Br2nd13.94' x 13.22'Large Window, Closet
4th Br3rd28.48' x 27.17'Skylight, Closet
RecBsmt14.47' x 28.08'Fireplace, Window
ExerciseBsmt14.47' x 12.99'Window, Fireplace
Scarborough Market Statistics
Scarborough Price Trend
2 Balsam Rd is a 4-bedroom 4-bathroom home listed for sale at $6,295,000, which is $4,373,268 (227.6%) higher than the average sold price of $1,921,732 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 4 bedroom home in Scarborough declined by $26,954 (1.4%) compared to the previous 30 day period (July 20 - August 18) and up $16,194 (0.8%) from the same time one year ago.
Inventory Change
There were 599 4-bedroom homes listed in Scarborough over the last 30 days (August 19 - September 17), which is up 64.6% compared with the previous 30 day period (July 20 - August 18) and up 20.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Scarborough typically sold ($30,418) (1.6%) below asking price over the last 30 days (August 19 - September 17), which represents a $18,834 increase compared to the previous 30 day period (July 20 - August 18) and ($9,046) 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 (August 19 - September 17) stood at 32.2%, down from 54.7% over the previous 30 days (July 20 - August 18) and down from 36.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Scarborough stood at 26 days when successfully sold over the last 30 days (August 19 - September 17), compared to 63 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Richards Group Realty Ltd.
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