3520 Danforth Ave 308
Oakridge, Scarborough, M1L 1E5
FOR SALE
$499,000

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Property Description
Welcome to The Terraces on Danforth! Bright and spacious One-Bedroom+Den with TWO Parking Spots and Locker located in a peaceful mid-rise building. This well-designed floor plan has no wasted space and has just been freshly painted with brand new flooring installed. Featuring a modern kitchen with S/S appliances and stone countertops, primary bedroom with a large walk-in closet offering plenty of storage; and a large den that is ideal for a home office or easily converted into a guest room. Enjoy plenty of sunlight throughout the day from your south-facing floor to ceiling windows. Convenient location with easy access to public transportation! Bus stop right outside your door and just a short 10-minute transit ride to Victoria Park Subway Station, Warden Subway Station, and Danforth GO Station. Health centre in the same building and Pharmacy located across the street. Just an 8-minute walk to Oakridge Park and only a 10-minute walk to restaurants along Kingston Road and the Toronto Public Library. The Oakridge Community Centre, Birchmount Park, and Birchmount Community Centre are all within a 7 minute transit ride or 15 minute walk. Local conveniences such as Fresco Supermarket, Metro, Shoppers Drug Mart, LCBO, Staples, LA Fitness, and Tim Hortons, are all within a 10-minute transit ride or 20-minute walk. With just a 5-minute drive to the Beaches and a 10-minute drive to Greektown, enjoy access to two of the best neighbourhoods in Toronto. Plus, there are 2 EV charging stations just a short drive away. Excellent value with 2 parking spots and 1 locker - a rare find in such a convenient location!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-12-03 | 2025-01-21 | 49 | $509,900 | - | Terminated |
2024-06-06 | 2024-11-30 | 177 | $518,800 | - | Expired |
Nearby Intersections
Warden & Danforth (18)
Property Features
Beach, Electric Car Charger, Library, Park, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,110 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
2
Parking 1
Owned (A)
Parking 2
Owned (A)
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Flat | 10.01' x 18.60' | Modern Kitchen, Stainless Steel Appl, Laminate |
Dining | Flat | 10.01' x 18.60' | Combined W/Dining, Open Concept, Laminate |
Living | Flat | 10.01' x 18.60' | Window Flr to Ceil, W/O To Balcony, Laminate |
Prim Bdrm | Flat | 9.09' x 12.40' | Window Flr to Ceil, W/I Closet, Laminate |
Den | Flat | 6.79' x 6.10' | Separate Rm, Open Concept, Laminate |
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Scarborough Market Statistics
Scarborough Price Trend
3520 Danforth Ave 308 is a 1-bedroom 1-bathroom condo listed for sale at $499,000, which is $58,110 (10.4%) lower than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Scarborough declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Scarborough over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Scarborough typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) 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 1-bedroom condos in Scarborough over the last 30 days (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Scarborough stood at 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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