5001 Finch Ave E 1602

FOR SALE
$608,000
5001 Finch Ave E 1602, Scarborough
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
5001 Finch Ave E 1602
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2 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
7
ROOMS
E11882618
MLSID
Contact Us
Property Description
Welcome to the luxurious Monarch Condo in Prime Finch/McCowan Location! Discover the perfect blend of comfort and convenience in this spacious 3-bedroom, 2-bathroom corner unit, boasting over 1200 sq. ft. of modern living space. Featuring a touch of modernity in classic elegance, this bright and airy condo is filled with natural light from large windows and a charming solarium. Highlights include a huge master bedroom with a walk-in closet, well maintained kitchen appliances, large ensuite storage room, and an 6'x4.5' storage room. The condo offers numerous amenities such as a 24-hour concierge, gate house, indoor swimming pool, gym, sauna, party room, billiard room, and guest suites. Most importantly, LOCATION, LOCATION, LOCATION! Directly across from Woodside Square Mall, steps to TTC, supermarkets, LCBO, bank, library, and schools, and just 6 minutes to Highway 401 and Scarborough Town Centre. This condo offers an unparalleled living experience in a highly sought-after area. Status certificate available! Dont miss out on this fantastic opportunity to call this beautiful condo your home!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-09-18 2024-12-05 78 $638,000 - Terminated
2024-07-28 2024-09-17 51 $799,000 - Terminated
Nearby Intersections
Property Features
Library, Park, Place Of Worship, Public Transit, Rec Centre, School
Property Details
Street
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$2,239 (2024)
Basement
Apartment, None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking 1
Owned (A168)
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingFlat10.01' x 20.01'Large Window, O/Looks Dining
DiningFlat8.20' x 9.91'Large Window, O/Looks Living
KitchenFlat8.01' x 16.96'Large Window, Breakfast Area, Tile Floor
Prim BdrmFlat8.89' x 19.06'4 Pc Ensuite, Window, Double Closet
2nd BrFlat9.55' x 10.99'Double Closet, Window
3rd BrFlat8.60' x 12.83'Window
OtherFlat4.82' x 6.17'
Scarborough Market Statistics
Scarborough Price Trend
5001 Finch Ave E 1602 is a 2-bedroom 2-bathroom condo listed for sale at $608,000, which is $148,601 (19.6%) lower than the average sold price of $756,601 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in Scarborough increased by $25,750 (3.5%) compared to the previous 30 day period (December 22 - January 20) and down $31,820 (4.0%) from the same time one year ago.
Inventory Change
There were 1,180 2-bedroom condos listed in Scarborough over the last 30 days (January 21 - February 19), which is up 45.7% compared with the previous 30 day period (December 22 - January 20) and up 12.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Scarborough typically sold ($15,842) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,965 increase compared to the previous 30 day period (December 22 - January 20) and ($14,808) 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 2-bedroom condos in Scarborough over the last 30 days (January 21 - February 19) stood at 26.8%, down from 33.1% over the previous 30 days (December 22 - January 20) and down from 45.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Scarborough stood at 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 73 days before being removed from the market upon being suspended or terminated.
Listing contracted with Landpower Real Estate Ltd.
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