41 Hill Cres

FOR SALE
$3,999,000
41 Hill Cres, Scarborough
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
41 Hill Cres
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41 Hill Cres
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5
BEDROOMS
7
BATHROOMS
1
KITCHENS
12
ROOMS
E11176950
MLSID
Contact Us
Property Description
Incredible opportunity to own a 100ft x 412ft property with 180 degree unobstructed views of lake Ontario. The 14 Year old home is built on concrete foundation and metal beams that allow for long open spaces with large floor to ceiling windows that line the back of the property with unobstructed infinity views of the lake and southern exposure. Over 7000 sqft of total living space, this custom home has an incredible layout with high ceilings that makes it feel airy and bright. Five generously sized bedrooms on the second floor where three of the bedrooms in the rear have direct access to large balconies to enjoy the incredible view. The primary bedroom has vaulted ceilings, a 5 piece ensuite, walk-in closet and an oversized covered balcony. The home boasts many upgraded features such as a heated driveway, heated floors, geo-thermal heater units, generator, elevator, professional grade appliances, powered gates, security system with cameras, built-in sound system with speakers and so on. However this home has not been well maintained in the past 5 years and many of these features and some components of the home are not fully functional or in disrepair. Any potential buyer is encouraged to get their own inspection to determine the extent of the work required to bring it back to its original state.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-03-04 2024-05-04 61 $4,399,000 - Expired
Nearby Intersections
Property Features
Beach, Fenced Yard, Lake/Pond
Property Details
Street
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
100' x 412'
Fronting
South
Taxes
$29,549 (2024)
Basement
Part Fin, Sep Entrance
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Grnd Srce
Air Conditioning
Central Air
Water
Municipal
Elevator
Yes
Parking Spaces
8
Driveway
Circular
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
FoyerMain21.59' x 13.81'3 Pc Bath, Built-In Speakers, Elevator
LivingMain24.28' x 27.89'W/O To Patio, Gas Fireplace, Fireplace
DiningMain17.39' x 18.83'2 Pc Ensuite, W/O To Garage, Updated
OfficeMain12.63' x 14.01'Large Window, Hardwood Floor
KitchenMain23.23' x 30.81'B/I Appliances, Hollywood Kitchen, Overlook Water
Br2nd18.47' x 19.82'5 Pc Ensuite, Cathedral Ceiling, W/O To Balcony
Br2nd17.81' x 16.83'4 Pc Ensuite, Hardwood Floor, W/O To Balcony
Br2nd13.16' x 14.96'4 Pc Ensuite, Hardwood Floor, Large Window
Br2nd18.01' x 15.32'4 Pc Ensuite, Hardwood Floor, W/O To Balcony
Br2nd13.35' x 14.34'4 Pc Ensuite, Hardwood Floor, W/I Closet
Laundry2nd11.98' x 14.07'B/I Shelves, Large Window
Great RmLower21.82' x 19.85'Large Window, Overlook Water, W/O To Greenbelt
Scarborough Market Statistics
Scarborough Price Trend
41 Hill Cres is a 5-bedroom 7-bathroom home listed for sale at $3,999,000, which is $1,331,379 (49.9%) higher than the average sold price of $2,667,621 in the last 30 days (November 11 - December 10). During the last 30 days the average sold price for a 5 bedroom home in Scarborough declined by $576,735 (17.8%) compared to the previous 30 day period (October 12 - November 10) and down $56,845 (2.1%) from the same time one year ago.
Inventory Change
There were 94 5-bedroom homes listed in Scarborough over the last 30 days (November 11 - December 10), which is down 14.5% compared with the previous 30 day period (October 12 - November 10) and up 22.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Scarborough typically sold ($99,812) (3.7%) below asking price over the last 30 days (November 11 - December 10), which represents a $2,725 decrease compared to the previous 30 day period (October 12 - November 10) and ($121,112) 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 5-bedroom homes in Scarborough over the last 30 days (November 11 - December 10) stood at 44.7%, down from 51.8% over the previous 30 days (October 12 - November 10) and up from 39.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 7-bathroom home in Scarborough stood at 40 days when successfully sold over the last 30 days (November 11 - December 10), compared to 72 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Realty Ltd.
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