2957 Lawrence Ave E
Bendale, Scarborough, M1P 2V6
FOR SALE
$1,449,000
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6 + 2
BEDROOMS3
BATHROOMS3
KITCHENS12 + 3
ROOMSE8415646
MLSIDContact Us
Property Description
GREAT INVESTMENT PROPERTY, STEPS FROM SCARBOROUGH HOSPITAL. THREE 3-BEDROOM APARTMENTS. HARDWOOD FLOORS THROUGHOUT, FIRE SAFETY DOORS, NEW ROOF (2021), COIN OPERATED WASHER AND DRYER. PARKING SPACE FOR 6 CARS. FEW MINUTES RIDE TO SCARBOROUGH TOWN CENTRE. TRIPLEX, CAN BE RENTED OUT AS RESIDENTIAL UNITS OR LIVE AND YOUR MORTGAGE IS PAID FOR BY YOUR TENANTS.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-07 | 2024-07-07 | 33 | $1,449,000 | $1,450,000 | Sold |
| 2024-02-07 | 2024-06-08 | 122 | $1,489,000 | - | Terminated |
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Property Details
Street
Community
City
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
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Scarborough Market Statistics
Scarborough Price Trend
2957 Lawrence Ave E is a 6-bedroom 3-bathroom home listed for sale at $1,449,000, which is $2,289,454 (61.2%) lower than the average sold price of $3,738,454 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 6 bedroom home in Scarborough increased by $410,721 (12.3%) compared to the previous 30 day period (September 21 - October 20) and up $763,954 (25.7%) from the same time one year ago.Inventory Change
There were 25 6-bedroom homes listed in Scarborough over the last 30 days (October 21 - November 19), which is down 28.6% compared with the previous 30 day period (September 21 - October 20) and up 78.6% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Scarborough typically sold ($136,699) (3.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $22,433 decrease compared to the previous 30 day period (September 21 - October 20) and ($111,891) 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 6-bedroom homes in Scarborough over the last 30 days (October 21 - November 19) stood at 44.0%, up from 42.9% over the previous 30 days (September 21 - October 20) and down from 85.7% 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 36 days when successfully sold over the last 30 days (October 21 - November 19), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/5 Star Realty Ltd.
Similar Listings
Welcome to this exceptional legal triplex, a solid investment opportunity perfect for investors or multi-generational families seeking spacious, income-generating accommodations. This unique property features two very large 3-bedroom apartments with Balconies and one large 2-bedroom apartment, all with separate meters. Additional amenities include a commercial laundry (3.29m x 2.68m), 2+parking spaces and a large block garage at the rear. Tenants are responsible for their own hydro bills. Nestled in a park heaven, you'll find four parks and a plethora of recreational facilities within a 20-minute walk. Public transit is conveniently located right at your doorstep, with the nearest bus stop just a 2-minute walk away and the closest rail transit stop only a 10-minute walk away. The Top Flr. 3 Br. Apartment is currently vacant.
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GREAT RESIDENTIAL TRIPLEX! OVER 7% CAP RATE POTENTIAL. PERFECT FOR INVESTORS OR MULTI-GENERATIONAL LIVING. UPDATED/RENOVATED THROUGHOUT. EACH OF THE THREE UNITS IS A VERY SPACIOUS, SELF-CONTAINED 2-BEDROOM, 4 PC BATH WITH FULL KITCHEN APARTMENT. 2 NEW KITCHENS (UNIT #2 & UNIT#3). UNIT #1 KITCHEN WAS RENOVATED PREVIOUSLY AS WELL. FLOORING IS A COMBINATION OF HARDWOOD FLOORING, ENGINEERED HARDWOOD FLOORING AND VINYL WATERPROOF PLANK FLOORING. BATHROOMS HAVE ALL BEEN UPDATED. UPDATED WINDOWS. WATERPROOFING WAS DONE NOT LONG AGO ALONG THE BUILDING FRONT WALL. PORCH RAILING IS ALSO AN UPDATE, AS WELL AS, THE FRONT ENTRY PORCH ITSELF. SAFETY SENSOR LIGHTS ON THE COMMON STAIRWAYS/LANDINGS. TWO OVERSIZED SINGLE GARAGES AT THE REAR OF THE BUILDING. OUTDOOR REAR STORAGE SHED. ON SITE LAUNDRY ROOM WITH COIN OPERATED MACHINES FOR TENANTS CONVENIENCE ALSO ADD TO YOUR REVENUE STREAM. NEW RENTAL HIGH EFFICIENCY BOILER SYSTEM. SMOKE DETECTORS. MAIL IS DELIVERED INDEPENDENTLY TO EACH MAILBOX. ALL 3 UNITS ARE SEPARATELY METERED! IMPECCABLY KEPT AND FRESHLY PAINTED! DEDICATED PARKING FOR EACH UNIT PLUS GUEST PARKING AVAILABLE. CLOSE PROXIMITY TO ALL AMENITIES. QUICK ACCESS TO SUBWAY/PUBLIC TRANSPORTATION AND HIGHWAY. DON'T MISS THIS OPPORTUNITY TO INVEST IN A PROPERTY WITH CONSISTENT RENTAL DEMAND AND AN EXCELLENT LOCATION. IDEAL FOR TURNKEY INVESTORS OR END-USERS. SELLER IS MOTIVATED TO SELL. A RARELY AVAILABLE RESIDENTIAL MULTIPLEX. RESIDENTIAL FINANCING IS AN ADDED VALUE. A WONDERFUL CHANCE TO START OR EXPAND YOUR INVESTMENT PORTFOLIO. THE PROPERTY IS IN STELLAR CONDITION AND TRULY A REMARKABLE OPPORTUNITY FOR BUYERS.
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Apartment #1 Renovation 2023, New Energy Efficient Heating System with Nest Thermostat (2023), Roof Vent Guards (Raccoon intruder prevention) 2022, Attic Insulation 2022, New Roof 2020, Stair Treads, Risers & Stairwell Flooring 2019, Coin-operated Washer & Dryer 2019, Driveway Pavement Resurface2017, Waterproof Foundation Seal 2017, Apartment #2 & #3 Washrooms Renovated 2010, Exterior Shed2009. High Demand location for Tenants. Walking distance to T T C, Parks, Lake Ontario, Humber College & 24 Hour Rabba. Close To Hw427, Q E W, Gardiner Exp way, 12 Minute Drive To Downtown.
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