5 Willowlea Dr

FOR SALE
$1,099,999
5 Willowlea Dr, Scarborough
5 Willowlea Dr
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3 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
5 + 2
ROOMS
E11951603
MLSID
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Property Description
Exceptional residential development opportunity in the vibrant Highland Creek Community! Aligning perfectly with Toronto's Expanding Housing Options in Neighborhoods (EHON) Initiative. Positioned as prime development land this property boasts significant potential, making it an ideal investment for developers and investors. Don't miss out on this lucrative prospect! The kitchen is new and renovated with new paint and pot lights throughout.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-05 2024-08-09 35 $999,000 - Terminated
2019-04-12 2019-06-30 79 $795,000 - Expired
2019-04-12 2019-04-13 1 $795,000 $820,000 Sold
Nearby Intersections
Property Details
Property Type
Detached, Bungalow
Lot Size
53' x 206'
Acreage
< .50
Fronting
South
Taxes
$4,310 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Private
Garage Type
None
Scarborough Market Statistics
Scarborough Price Trend
5 Willowlea Dr is a 3-bedroom 2-bathroom home listed for sale at $1,099,999, which is $92,713 (7.8%) lower than the average sold price of $1,192,712 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in Scarborough declined by $86,213 (6.7%) compared to the previous 30 day period (November 19 - December 18) and down $60,928 (4.9%) from the same time one year ago.
Inventory Change
There were 319 3-bedroom homes listed in Scarborough over the last 30 days (December 19 - January 17), which is down 33.8% compared with the previous 30 day period (November 19 - December 18) and up 27.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough typically sold ($7,431) (0.6%) below asking price over the last 30 days (December 19 - January 17), which represents a $1,931 decrease compared to the previous 30 day period (November 19 - December 18) and ($28,262) 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 3-bedroom homes in Scarborough over the last 30 days (December 19 - January 17) stood at 61.8%, down from 100.8% over the previous 30 days (November 19 - December 18) and down from 83.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Scarborough stood at 37 days when successfully sold over the last 30 days (December 19 - January 17), compared to 76 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Ace Realty Inc.
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