20 Gilder Dr 802
Eglinton East, Scarborough, M1K 5E1
FOR SALE
$449,000
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Property Description
Discover the potential of Handyman's dream or First Time Buyers starter home, or simply looking for BRRRR Properties! Look No further, conveniently located, End Unit North East view 3 generous size bedrooms, 2 bath Condo on the 8th Floor, comes with 1 Underground Car Parking, with plenty of storage, perfectly nestled in a vibrant, sought-after neighbourhood, this bright and airy home features and offers an easy commute to everywhere. Priced below market value, this Condo is an exceptional opportunity for home flippers and fixer-uppers, presenting significant potential for profit with the right renovations. Imagine transforming this property, taking inspiration from successful flips in the booming neighbourhood, and enhancing its value with strategic updates. First-time buyers will find this Condo incredibly appealing due to its affordability Over 1200 SQF of Living Space and the chance to personalize and create a dream starter home. The generous living and dining areas are perfect for entertaining or simply enjoying quiet nights at home. For Big families, the Dining room may also be used as a Den. With various financing options and first-time buyer programs available, stepping into homeownership has never been easier. Handyman dream home seekers will relish the DIY potential of this Condo, offering endless possibilities to customize and improve, while located in the prime transit hub. Investors will be drawn to the promising rental income potential, backed by strong local real estate trends indicating an appreciating market. This Condo is close to schools, parks, shopping centers, plazas, Community centre, hospital, Kennedy Subway & Go Stations and public transportation, making it a desirable location for families and commuters alike. Future developments in the area promise to boost property values further, enhancing the investment potential. The property's versatility caters to a broad range of buyers and investors, ensuring flexible usage and wide-ranging appeal!
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Extras
Walking Distance to TTC Bus Stop, Minutes walk to Dollarama, Plaza, Daycare coffee shop, Pizza Stores, Restaurant and Plaza & Supermarket. Minutes Drive to Kennedy Subway & Go Train Station, Scarborough Town Cente and Close to Down Town.
Nearby Intersections
Midland & Eglinton (16)
Property Features
Clear View, Hospital, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$1,209 (2024)
Basement
None
Exterior
Brick
Heat Type
Radiant
Heat Source
Electric
Air Conditioning
Window Unit
Elevator
Yes
Parking 1
Exclusive (B)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Flat | 5.31' x 5.97' | , Closet, Laminate |
| Living | Flat | 12.34' x 23.13' | Open Concept, W/O To Balcony, Combined W/Dining |
| Dining | Flat | 8.46' x 11.98' | Combined W/Living, Combined W/Kitchen, O/Looks Park |
| Kitchen | Flat | 8.27' x 15.09' | Tile Floor, Combined W/Dining, Combined W/Living |
| Prim Bdrm | Flat | 15.12' x 16.34' | 2 Pc Ensuite, W/I Closet, Large Window |
| 2nd Br | Flat | 9.88' x 15.39' | Laminate, Closet, Large Window |
| 3rd Br | Flat | 9.65' x 15.39' | Vinyl Floor, Closet, Window |
| Laundry | Flat | 4.33' x 5.09' | Vinyl Floor |
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Scarborough Market Statistics
Scarborough Price Trend
20 Gilder Dr 802 is a 3-bedroom 2-bathroom condo listed for sale at $449,000, which is $343,053 (43.3%) lower than the average sold price of $792,053 in the last 30 days (August 29 - September 27). During the last 30 days the average sold price for a 3 bedroom condo in Scarborough increased by $9,963 (1.3%) compared to the previous 30 day period (July 30 - August 28) and down $165,380 (17.3%) from the same time one year ago.Inventory Change
There were 286 3-bedroom condos listed in Scarborough over the last 30 days (August 29 - September 27), which is up 39.5% compared with the previous 30 day period (July 30 - August 28) and up 33.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom condos in Scarborough typically sold ($16,544) (2.1%) below asking price over the last 30 days (August 29 - September 27), which represents a $2,408 increase compared to the previous 30 day period (July 30 - August 28) and ($29,733) 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 3-bedroom condos in Scarborough over the last 30 days (August 29 - September 27) stood at 28.3%, down from 37.1% over the previous 30 days (July 30 - August 28) and up from 26.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom condo in Scarborough stood at 35 days when successfully sold over the last 30 days (August 29 - September 27), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Crossroads Realty Inc.
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