216 Morningside Ave

FOR SALE
$999,998
216 Morningside Ave, Scarborough
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
216 Morningside Ave
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216 Morningside Ave
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216 Morningside Ave
216 Morningside Ave
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5 + 1
BEDROOMS
3
BATHROOMS
1
KITCHENS
8 + 1
ROOMS
E9283457
MLSID
Contact Us
Property Description
**Opportunity, Opportunity, Opportunity!**Discover a fantastic investment opportunity with this beautiful detached five-bedroom home in Toronto. A significant highlight is that the city has approved a secondary home on this lot based on its size, with plans partially complete and drawings available. This presents a unique chance to maximize your investment with additional rental income or space for extended family living.This home offers a wealth of features, including a separate entrance, a finished basement with a large rec room that can easily be converted into a bedroom, and a Large primary bedroom on the upper level. The kitchen has been newly renovated, adding a modern touch to this charming home.The property also boasts a huge private driveway that can accommodate up to eight large vehicles, as well as a backyard equipped with a gazebo and a shed. The fully gated property, with elegant wood and iron fencing, offers a grand entry and enhanced privacy.Location, Location, Location, in a highly walkable area, this home is close to shopping centers, restaurants, and all essential services. Its also conveniently near schools, parks, places of worship, and has excellent access to TTC transit, GO transit, and Highway 401.Dont miss out on this incredible opportunity to invest in a property with both immediate and future potential!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-23 2024-08-29 37 $1,189,000 - Terminated
2021-08-08 2021-08-26 18 $1,088,000 $1,080,000 Sold
Extras
Secondary Suite drawing/Plan are available, ALL Elfs , All Window coverings ,shutters and Blinds.
Property Features
Fenced Yard
Property Details
Community
Property Type
Detached, 2-Storey
Lot Size
51' x 140'
Fronting
West
Taxes
$2,396 (2023)
Basement
Finished, Sep Entrance
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingGround12.96' x 17.52'Fireplace, Hardwood Floor, California Shutters
DiningGround10.50' x 13.45'Separate Rm, Hardwood Floor, California Shutters
KitchenGround11.65' x 12.96'Family Size Kitchen, Renovated, Pantry
5th BrGround8.99' x 10.83'Double Closet, Hardwood Floor
Prim Bdrm2nd10.30' x 13.78'Double Closet, Hardwood Floor
2nd Br2nd11.12' x 12.47'Closet, Hardwood Floor
3rd Br2nd10.50' x 10.83'Closet, Hardwood Floor
4th Br2nd10.17' x 11.32'Double Closet, Hardwood Floor
Scarborough Market Statistics
Scarborough Price Trend
216 Morningside Ave is a 5-bedroom 3-bathroom home listed for sale at $999,998, which is $1,937,791 (66.0%) lower than the average sold price of $2,937,789 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 5 bedroom home in Scarborough declined by $299,893 (9.3%) compared to the previous 30 day period (July 17 - August 15) and up $79,206 (2.8%) from the same time one year ago.
Inventory Change
There were 149 5-bedroom homes listed in Scarborough over the last 30 days (August 16 - September 14), which is up 55.2% compared with the previous 30 day period (July 17 - August 15) and down 2.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Scarborough typically sold ($118,667) (4.0%) below asking price over the last 30 days (August 16 - September 14), which represents a $55,047 increase compared to the previous 30 day period (July 17 - August 15) and $10,041 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 5-bedroom homes in Scarborough over the last 30 days (August 16 - September 14) stood at 25.5%, down from 33.3% over the previous 30 days (July 17 - August 15) and down from 28.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Scarborough stood at 28 days when successfully sold over the last 30 days (August 16 - September 14), compared to 75 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Millennium Real Estate
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