259 Tower Dr
Wexford-Maryvale, Scarborough, M1R 3P9
FOR SALE
$1,170,000
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3 + 3
BEDROOMS5
BATHROOMS1 + 1
KITCHENS6
ROOMSE8420024
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Property Description
Incredible Income Generating Property Nestled On One Of Wexford-Maryvale's Most Sought-After Quiet Streets On Huge 40'X131' Lot W/Private, Fenced Bkyrd.*** Ideal For Investors Or To Live In And Let Your Tenants Pay The Mortgage. Picture this! Renovated All brick detached bungalow with finished basement with separate entrance. Front and back with an enormous oversize lot with matured trees, parking spaces for 5 cars. Main floor features 3 bedrooms,1.5 washrooms, laundry area, kitchen, dining, and living area. Engineered hardwood throughout. Basement features 3 bedrooms, 2.5 washrooms and laundry area. 2 separate laundry areas with 2 washers, 2 dryers, 2 kitchens for both floors, and laminate flooring throughout the basement. Steps to TTC, Hwy 404 & 401, parks, Home Depot, Walmart, Costco and all amenities.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-06-27 | 2022-08-04 | 38 | $2,700 | - | Terminated |
| 2022-06-27 | 2022-07-08 | 11 | $2,700 | $2,700 | Leased |
Extras
Currently leased to A+ tenants; over $ 5300 in rental income. Willing to stay or will vacate before closing. Gas Furnace, Electrical Fireplace, A/C, Tankless Water Heater, Pot lights (interior and exterior), 200 Amp Electrical
Nearby Intersections
Property Features
Hospital, Library, Park, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
40' x 131'
Fronting
South
Taxes
$4,070 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Carport
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.67' x 10.99' | Hardwood Floor, Window, Electric Fireplace |
| Dining | Main | 10.01' x 8.23' | Hardwood Floor, Window |
| Kitchen | Main | 9.42' x 10.60' | Tile Floor, Quartz Counter |
| Prim Bdrm | Main | 13.12' x 10.99' | Hardwood Floor, Closet, Walk-in Bath |
| 2nd Br | Main | 9.84' x 8.99' | Hardwood Floor, Closet, Window |
| 3rd Br | Main | 9.09' x 10.99' | Hardwood Floor, Closet, Window |
| Kitchen | Bsmt | 13.58' x 12.34' | Laminate, Quartz Counter, Window |
| Br | Bsmt | 12.24' x 9.74' | Laminate, Closet, Window |
| 2nd Br | Bsmt | 11.25' x 11.25' | Laminate, Closet, Window |
| 3rd Br | Bsmt | 10.14' x 8.66' | Laminate, Closet, Window |
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Scarborough Market Statistics
Scarborough Price Trend
259 Tower Dr is a 3-bedroom 5-bathroom home listed for sale at $1,170,000, which is $180,536 (13.4%) lower than the average sold price of $1,350,536 in the last 30 days (May 31 - June 29). During the last 30 days the average sold price for a 3 bedroom home in Scarborough declined by $56,506 (4.0%) compared to the previous 30 day period (May 1 - May 30) and down $64,023 (4.5%) from the same time one year ago.Inventory Change
There were 1,144 3-bedroom homes listed in Scarborough over the last 30 days (May 31 - June 29), which is up 1.6% compared with the previous 30 day period (May 1 - May 30) and up 8.4% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough typically sold $35,718 (2.6%) above asking price over the last 30 days (May 31 - June 29), which represents a $35,021 decrease compared to the previous 30 day period (May 1 - May 30) and $97,524 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 3-bedroom homes in Scarborough over the last 30 days (May 31 - June 29) stood at 55.7%, up from 53.0% over the previous 30 days (May 1 - May 30) and down from 77.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 5-bathroom home in Scarborough stood at 12 days when successfully sold over the last 30 days (May 31 - June 29), compared to 36 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Champions Realty Inc.
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