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 |
Nearby Intersections
Brimley & Lawrence (16)
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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 $2,546,900 (63.7%) lower than the average sold price of $3,995,900 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 6 bedroom home in Scarborough increased by $2,462,900 (160.7%) compared to the previous 30 day period (July 20 - August 18) and up $2,008,400 (101.1%) from the same time one year ago.Inventory Change
There were 28 6-bedroom homes listed in Scarborough over the last 30 days (August 19 - September 17), which is up 64.7% compared with the previous 30 day period (July 20 - August 18) and down 33.3% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Scarborough typically sold ($410,100) (10.3%) below asking price over the last 30 days (August 19 - September 17), which represents a $275,120 decrease compared to the previous 30 day period (July 20 - August 18) and ($44,000) 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 (August 19 - September 17) stood at 35.7%, up from 29.4% over the previous 30 days (July 20 - August 18) and up from 14.3% 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 60 days when successfully sold over the last 30 days (August 19 - September 17), compared to 83 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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