42 Fairwood Cres

FOR SALE
$825,000
42 Fairwood Cres, Scarborough
42 Fairwood Cres
42 Fairwood Cres
42 Fairwood Cres
42 Fairwood Cres
42 Fairwood Cres
42 Fairwood Cres
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2 + 1
BEDROOMS
1
BATHROOMS
1
KITCHENS
4 + 1
ROOMS
E8362652
MLSID
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Property Description
*Attention investors and first time home buyers!* 50x125 beautiful lot with mature trees. Location, location, location. Steps To U Of T Scarborough Campus, Centennial College, West Hill Collegiate And PanAm Centre. Minutes to Hwy 401. Great shopping, amenities and restaurants all within walking distance. Close to Lake Ontario, Morningside Park and trails. This home is an opportunity you do not want to miss!
Nearby Intersections
Property Details
Community
Property Type
Detached, Bungalow
Lot Size
50' x 125'
Fronting
West
Taxes
$3,800 (2024)
Basement
Part Fin
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
9
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain11.48' x 13.62'Country Kitchen, Eat-In Kitchen
LivingMain11.55' x 12.20'Hardwood Floor
BrMain7.87' x 10.96'Hardwood Floor, B/I Closet
BrMain8.20' x 10.24'Hardwood Floor, B/I Closet
BrBsmt10.50' x 13.02'Double Closet
Scarborough Market Statistics
Scarborough Price Trend
42 Fairwood Cres is a 2-bedroom 1-bathroom home listed for sale at $825,000, which is $217,139 (20.8%) lower than the average sold price of $1,042,139 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 2 bedroom home in Scarborough declined by $111,757 (9.7%) compared to the previous 30 day period (November 18 - December 17) and up $77,074 (8.0%) from the same time one year ago.
Inventory Change
There were 72 2-bedroom homes listed in Scarborough over the last 30 days (December 18 - January 16), which is down 20.9% compared with the previous 30 day period (November 18 - December 17) and up 100.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold ($16,217) (1.6%) below asking price over the last 30 days (December 18 - January 16), which represents a $14,365 decrease compared to the previous 30 day period (November 18 - December 17) and ($22,953) 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 homes in Scarborough over the last 30 days (December 18 - January 16) stood at 66.7%, down from 87.9% over the previous 30 days (November 18 - December 17) and down from 119.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Scarborough stood at 34 days when successfully sold over the last 30 days (December 18 - January 16), compared to 74 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Professionals Inc.
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