54 Tower Dr

FOR SALE
$1,329,000
54 Tower Dr, Scarborough
54 Tower Dr
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5 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
9 + 5
ROOMS
E9246249
MLSID
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Property Description
Discover your dream home nestled on a picturesque tree-lined street in coveted Wexford Heights. This spacious, updated home offers a three-level extension and a complementary blend of modern design and functional living, making it ideal for growing families/ multi-gen families or those who love to entertain. The home is bright and airy, with large windows and stylish laminate/vinyl wood floors throughout. It features 5+2 well-appointed bedrooms, including a main floor bedroom that is a great option for a home office or playroom. The open-concept living and dining rooms flow into the inviting kitchen and family room, perfect for both entertaining and everyday living. The modern kitchen features ample prep space on granite countertops, a large island with a breakfast bar, stainless steel appliances, and a spacious pantry. On the second floor, you'll find four bedrooms with vaulted ceilings, spacious closets, an updated four-piece bathroom, and a convenient laundry closet. The finished basement is an in-law suite with its own kitchen, dining and living area, two bedrooms, a full bathroom, and separate laundry facilities. Ample storage solutions throughout add to the home's functionality. Step outside to your very own oasis in the city. The fenced backyard offers a large deck with a gazebo, a relaxing hot tub, a heated inground pool, and a flagstone patio. Enjoy the added privacy of backing onto greenspace. Every detail of this home has been thoughtfully designed to offer comfort, style, and convenience, making you feel right at home from the moment you walk through the door!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-26 2024-08-08 13 $1,379,000 - Terminated
2022-03-23 2022-03-27 4 $1,149,000 $1,405,000 Sold
Extras
Move-in ready this home gives a family all the space you could hope for in a convenient location! Near shops, restaurants, amenities/ fitness centres, schools, trails, DVP/ 401/404, and TTC!
Nearby Intersections
Property Features
Fenced Yard, Park, Public Transit, Rec Centre, School
Property Details
Street
Property Type
Detached, 2-Storey
Lot Size
40' x 125'
Fronting
West
Taxes
$4,943 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
3
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain11.35' x 24.28'Open Concept, Large Window, Wood Floor
DiningMain11.35' x 24.28'Open Concept, Combined W/Living, Wood Floor
KitchenMain8.50' x 16.50'Stone Counter, Centre Island, Stainless Steel Appl
FamilyMain15.62' x 16.27'Open Concept, W/O To Deck, Wood Floor
5th BrMain8.99' x 10.79'Closet, Window, Wood Floor
Prim Bdrm2nd12.17' x 15.42'W/I Closet, Pot Lights, Wood Floor
2nd Br2nd12.01' x 15.39'Double Closet, Pot Lights, Wood Floor
3rd Br2nd9.81' x 10.50'Double Closet, Pot Lights, Hardwood Floor
4th Br2nd11.42' x 11.48'His/Hers Closets, Beamed, Vaulted Ceiling
KitchenBsmt12.11' x 23.82'Combined W/Dining, Pot Lights, Above Grade Window
BrBsmt10.76' x 12.04'Closet, 4 Pc Bath, Above Grade Window
RecBsmt14.44' x 15.85'Large Closet, Above Grade Window, Wood Floor
Scarborough Market Statistics
Scarborough Price Trend
54 Tower Dr is a 5-bedroom 3-bathroom home listed for sale at $1,329,000, which is $1,608,789 (54.8%) lower than the average sold price of $2,937,789 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 5 bedroom home in Scarborough declined by $299,893 (9.3%) compared to the previous 30 day period (July 17 - August 15) and up $79,206 (2.8%) from the same time one year ago.
Inventory Change
There were 149 5-bedroom homes listed in Scarborough over the last 30 days (August 16 - September 14), which is up 55.2% compared with the previous 30 day period (July 17 - August 15) and down 2.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Scarborough typically sold ($118,667) (4.0%) below asking price over the last 30 days (August 16 - September 14), which represents a $55,047 increase compared to the previous 30 day period (July 17 - August 15) and $10,041 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 5-bedroom homes in Scarborough over the last 30 days (August 16 - September 14) stood at 25.5%, down from 33.3% over the previous 30 days (July 17 - August 15) and down from 28.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Scarborough stood at 28 days when successfully sold over the last 30 days (August 16 - September 14), compared to 75 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Realty Ltd.
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