2398 Gerrard St E

FOR SALE
$950,000
2398 Gerrard St E, Scarborough
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
2398 Gerrard St E
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2 + 1
BEDROOMS
3
BATHROOMS
2 + 1
KITCHENS
6 + 3
ROOMS
E9385898
MLSID
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Property Description
3 self contained income generating corner lot property. Steps to the corner of Victoria Parkway and Danforth. Main Floor and Upper Unit renovated. Each unit has its own separate entrance, with parking for each unit and a detached garage for storage. Top Floor, Bachelor Suite, Main Floor 1 Bedroom and Lower Unit 1 Bedroom.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2020-09-16 2020-10-14 28 $1,200 - Terminated
2019-07-22 2019-08-07 16 $1,150 $1,150 Leased
Nearby Intersections
Property Details
Community
Property Type
Semi-Detached, 2-Storey
Lot Size
16' x 170'
Fronting
North
Taxes
$3,247 (2024)
Basement
Apartment, Sep Entrance
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
Scarborough Market Statistics
Scarborough Price Trend
2398 Gerrard St E is a 2-bedroom 3-bathroom home listed for sale at $950,000, which is $245,222 (20.5%) lower than the average sold price of $1,195,222 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 2 bedroom home in Scarborough increased by $122,616 (11.4%) compared to the previous 30 day period (August 18 - September 16) and up $156,718 (15.1%) from the same time one year ago.
Inventory Change
There were 239 2-bedroom homes listed in Scarborough over the last 30 days (September 17 - October 16), which is up 28.5% compared with the previous 30 day period (August 18 - September 16) and up 9.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold $14,600 (1.2%) above asking price over the last 30 days (September 17 - October 16), which represents a $14,122 increase compared to the previous 30 day period (August 18 - September 16) and $25,093 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 2-bedroom homes in Scarborough over the last 30 days (September 17 - October 16) stood at 46.9%, down from 53.2% over the previous 30 days (August 18 - September 16) and down from 48.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Scarborough stood at 17 days when successfully sold over the last 30 days (September 17 - October 16), compared to 45 days before being removed from the market upon being suspended or terminated.
Listing contracted with Slavens & Associates Real Estate Inc.
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