4060 Lawrence Ave E 505

FOR SALE
$400,000
4060 Lawrence Ave E 505, Scarborough
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
4060 Lawrence Ave E 505
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
5
ROOMS
E9883912
MLSID
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Property Description
Welcome to this family-friendly neighborhood, where you can own your own home in the vibrant city of Toronto! This beautiful property features 2 bedrooms and a full washroom, making it perfect for first-time homebuyers or as an investment opportunity. Enjoy easy access to the 401, U of T campus, TTC, Centennial College, hospitals, grocery stores, and restaurants. It's ready for you to move in and make it your own!
Nearby Intersections
Property Details
Community
Property Type
Condo Apt, 2-Storey
Approximate Sq.Ft.
1000-1199
Taxes
$960 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Exclusive (Basement)
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingUpper12.57' x 16.08'Broadloom, Window
DiningUpper7.28' x 9.22'Broadloom, Window
KitchenUpper6.92' x 13.19'Backsplash, Tile Floor
Prim BdrmLower9.84' x 16.57'Broadloom, Window, W/I Closet
2nd BrLower9.51' x 14.07'Broadloom, Window
Scarborough Market Statistics
Scarborough Price Trend
4060 Lawrence Ave E 505 is a 2-bedroom 1-bathroom condo listed for sale at $400,000, which is $366,074 (47.8%) lower than the average sold price of $766,074 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom condo in Scarborough declined by $7,530 (1.0%) compared to the previous 30 day period (September 21 - October 20) and down $40,072 (5.0%) from the same time one year ago.
Inventory Change
There were 1,204 2-bedroom condos listed in Scarborough over the last 30 days (October 21 - November 19), which is down 12.5% compared with the previous 30 day period (September 21 - October 20) and up 7.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Scarborough typically sold ($20,452) (2.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $2,119 decrease compared to the previous 30 day period (September 21 - October 20) and ($21,092) 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 2-bedroom condos in Scarborough over the last 30 days (October 21 - November 19) stood at 47.6%, up from 33.4% over the previous 30 days (September 21 - October 20) and up from 34.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Scarborough stood at 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 61 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Ignite Realty
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