2957 Lawrence Ave E

FOR SALE
$1,489,000
2957 Lawrence Ave E, Scarborough
2957 Lawrence Ave E
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6 + 2
BEDROOMS
3
BATHROOMS
3
KITCHENS
12 + 3
ROOMS
E8051214
MLSID
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Property Description
GREAT INVESTMENT PROPERTY, CLOSE TO SCARBOROUGH HOSPITAL, CLOSE TO ALL AMENITIES FEW MINUTES FROM SCARBOROUGH TOWN CENTRE, FIRST/SECOND FLOOR HAS 3 LARGE SIZE BEDROOM CURRENTLY USED AS SUPPORT CARE FOR PATIENTS COIN OPERATED LAUNDRY. EACH UNIT CAN BE RENTED SEPARATELY OR LIVE AND HAVE YOUR MORTGAGE PAID BY TENANTS/CLIENTS CLOSE TO ALL AMENITIES. CHURCH, GROCERY STORES ETC. NEW ROOF (2021), FIRE DOORS INSTALLED. JUST WHAT YOU HAVE BEEN LOOKING FOR.
Nearby Intersections
Property Details
Community
Property Type
Triplex, 2-Storey
Lot Size
30' x 120'
Fronting
South
Taxes
$7,350 (2023)
Basement
Apartment
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Mutual
Garage Type
None
Scarborough Market Statistics
Scarborough Price Trend
2957 Lawrence Ave E is a 6-bedroom 3-bathroom home listed for sale at $1,489,000, which is $1,438,428 (49.1%) lower than the average sold price of $2,927,428 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 6 bedroom home in Scarborough increased by $555,428 (23.4%) compared to the previous 30 day period (February 27 - March 27) and up $418,783 (16.7%) from the same time one year ago.
Inventory Change
There were 23 6-bedroom homes listed in Scarborough over the last 30 days (March 28 - April 26), which is down 0.0% compared with the previous 30 day period (February 27 - March 27) and down 23.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
6-bedroom homes in Scarborough typically sold $181,270 (6.2%) above asking price over the last 30 days (March 28 - April 26), which represents a $345,703 increase compared to the previous 30 day period (February 27 - March 27) and $3,554 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 6-bedroom homes in Scarborough over the last 30 days (March 28 - April 26) stood at 73.9%, up from 39.1% over the previous 30 days (February 27 - March 27) and up from 36.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 3-bathroom home in Scarborough stood at 18 days when successfully sold over the last 30 days (March 28 - April 26), compared to 63 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife/5 Star Realty Ltd.
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