2 Park Ave

FOR SALE
$5,299,000
2 Park Ave, Scarborough
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4 + 1
BEDROOMS
5
BATHROOMS
1 + 1
KITCHENS
11 + 3
ROOMS
E11977571
MLSID
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Property Description
Welcome to 2 Park Ave, an exquisite rare home in the heart of The Beaches. This 4+1 bedroom, 5 bathroom masterpiece perfectly blends modern luxury and timeless elegance. Situated on a prestigious street just steps from the lake, this home boasts breathtaking design, high-end finishes, and exceptional craftsmanship throughout. The open-concept main floor is an entertainer's dream, featuring a gourmet chef's kitchen, expansive living and dining areas, and seamless indoor-outdoor flow. Upstairs, the primary suite is a private retreat with a spa-like ensuite and walk-in closet, complemented by three additional spacious bedrooms. The lower level offers a versatile space with a fifth bedroom, perfect for guests or an in-law suite. Enjoy the best of beachside living with stunning outdoor spaces, including a beautiful yard and multiple terraces, With top-tier schools, boutique shops, and vibrant restaurants just moments away, this home offers an unparalleled lifestyle in one of Toronto's most sought-after neighbourhoods.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-10-17 2023-12-15 60 $4,900,000 - Expired
Property Details
Street
Community
Property Type
Detached, 3-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
37' x 125'
Fronting
North
Taxes
$22,746 (2024)
Basement
Apartment, Finished
Exterior
Stucco/Plaster
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain10.99' x 23.00'Granite Counter, Breakfast Area, Cork Floor
BreakfastMain10.99' x 15.98'Hardwood Floor, W/O To Patio, Large Window
FoyerMain4.79' x 10.99'Slate Flooring, Open Concept
DiningMain10.20' x 12.01'Hardwood Floor, W/O To Deck, Combined W/Living
LivingMain19.78' x 15.72'Hardwood Floor, Fireplace, Open Concept
Rec2nd12.80' x 16.70'Bamboo Floor
2nd Br2nd8.89' x 15.09'B/I Closet, Bamboo Floor
3rd Br2nd11.38' x 13.91'B/I Closet, Bamboo Floor
4th Br2nd10.01' x 22.11'W/I Closet, 4 Pc Ensuite, W/O To Balcony
Office3rd24.38' x 11.19'4 Pc Ensuite, Fireplace, W/I Closet
Prim BdrmUpper24.38' x 22.57'Combined W/Office, W/O To Deck
Scarborough Market Statistics
Scarborough Price Trend
2 Park Ave is a 4-bedroom 5-bathroom home listed for sale at $5,299,000, which is $3,423,289 (182.5%) higher than the average sold price of $1,875,711 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Scarborough increased by $183,887 (10.9%) compared to the previous 30 day period (December 22 - January 20) and down $46,763 (2.4%) from the same time one year ago.
Inventory Change
There were 466 4-bedroom homes listed in Scarborough over the last 30 days (January 21 - February 19), which is up 87.9% compared with the previous 30 day period (December 22 - January 20) and up 30.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Scarborough typically sold $7,351 (0.4%) above asking price over the last 30 days (January 21 - February 19), which represents a $37,018 increase compared to the previous 30 day period (December 22 - January 20) and ($17,969) 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 4-bedroom homes in Scarborough over the last 30 days (January 21 - February 19) stood at 38.0%, down from 43.5% over the previous 30 days (December 22 - January 20) and down from 52.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Scarborough stood at 24 days when successfully sold over the last 30 days (January 21 - February 19), compared to 68 days before being removed from the market upon being suspended or terminated.
Listing contracted with Real Estate Homeward
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