40 Aragon Ave

FOR SALE
$1,100,000
40 Aragon Ave, Scarborough
40 Aragon Ave
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3 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
7 + 8
ROOMS
E9397229
MLSID
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Property Description
Discover this custom-built bungalow, a rare gem from 1989, offering both spaciousness and privacy. The heart of the home is a generous, family-sized kitchen that opens onto a covered patio perfect for outdoor dining and barbecues. Enjoy the comfort of three well-proportioned bedrooms, thoughtfully positioned away from the main living areas. The mid-level laundry room provides direct access to the garage, adding convenience to your daily routine. The primary suite is a retreat in itself, featuring a walk-in closet and a luxurious 5-piece ensuite bath. The expansive lower level includes a recreation room, seamlessly connected to the main floor, plus a separate 2-bedroom in-law suite with its own walk-up entry to the backyard. Nestled on a beautifully landscaped lot that stretches 175 feet deep and backs onto the serene Scarden Park, this home combines tranquility with convenience. Set on a street with other large, custom-built homes, its just a short walk to Sheppard Avenues transit and shops and offers quick access to both the 401 and 404 highways.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-04-21 2021-05-05 14 $1,659,999 - Suspended
Extras
Interlock driveway, new roof in in 2022, hi efficiency gas furnace & central air conditioning, garage door opener.
Nearby Intersections
Property Features
Park, Public Transit, School
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
2000-2500
Lot Size
47' x 175'
Fronting
West
Taxes
$6,667 (2024)
Basement
Apartment, Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
FoyerGround5.68' x 15.88'Ceramic Floor, Closet
LivingGround11.91' x 18.31'Hardwood Floor
DiningGround11.52' x 15.26'Hardwood Floor
KitchenGround12.43' x 19.49'Family Size Kitchen, W/O To Porch
Prim BdrmGround12.30' x 15.88'Hardwood Floor, W/I Closet, 5 Pc Ensuite
2nd BrGround11.52' x 13.29'Hardwood Floor, Closet
3rd BrGround10.33' x 12.01'Hardwood Floor, Closet
LaundryGround6.33' x 11.61'Ceramic Floor, W/O To Garage, W/O To Garden
RecBsmt17.22' x 20.80'Ceramic Floor
LivingBsmt13.35' x 16.54'Open Concept
KitchenBsmt10.50' x 12.11'Open Concept, W/O To Garden
4th BrBsmt12.04' x 13.29'
Scarborough Market Statistics
Scarborough Price Trend
40 Aragon Ave is a 3-bedroom 3-bathroom home listed for sale at $1,100,000, which is $256,514 (18.9%) lower than the average sold price of $1,356,514 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 3 bedroom home in Scarborough increased by $89,363 (7.1%) compared to the previous 30 day period (August 18 - September 16) and up $51,797 (4.0%) from the same time one year ago.
Inventory Change
There were 1,078 3-bedroom homes listed in Scarborough over the last 30 days (September 17 - October 16), which is up 22.1% compared with the previous 30 day period (August 18 - September 16) and down 0.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough typically sold $12,227 (0.9%) above asking price over the last 30 days (September 17 - October 16), which represents a $7,355 increase compared to the previous 30 day period (August 18 - September 16) and $20,597 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 (September 17 - October 16) stood at 54.5%, up from 42.7% over the previous 30 days (August 18 - September 16) and up from 46.8% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Scarborough stood at 15 days when successfully sold over the last 30 days (September 17 - October 16), compared to 45 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Realty Ltd.
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