55 Colonial Ave
Cliffcrest, Scarborough, M1M 2C4
FOR SALE
$1,250,000
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3 + 5
BEDROOMS3
BATHROOMS1 + 2
KITCHENS8 + 5
ROOMSE11899418
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Property Description
Stunning 3-bedroom bungalow located in the highly desirable Cliffcrest neighborhood, set on anexpansive 50x150 premium lot with a backyard oasis. The bright and spacious main floorfeatures a large, modern kitchen with a massive center island and hardwood flooringthroughout. Includes a separate 1-bedroom in-law suite offering potential rental income. Thebasement boasts 4 additional bedrooms with laminate flooring, providing a versatile layoutsuitable for multi-family living or a large family. Conveniently close to schools, shopping,transit, and parks.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2022-01-10 | 2022-03-31 | 80 | $3,300 | - | Expired |
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
50' x 150'
Fronting
South
Taxes
$3,343 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 11.25' x 15.72' | Hardwood Floor, Combined W/Dining, Pot Lights |
Dining | Main | 9.28' x 11.02' | Hardwood Floor, Combined W/Living, Ceiling Fan |
Kitchen | Main | 10.14' x 13.22' | Tile Floor, Stainless Steel Appl, Centre Island |
Prim Bdrm | Main | 9.35' x 14.86' | Hardwood Floor, O/Looks Backyard, Closet |
2nd Br | Main | 9.61' x 11.58' | Hardwood Floor, O/Looks Backyard, Closet |
3rd Br | Main | 8.53' x 10.96' | Hardwood Floor, Closet, Window |
Br | Bsmt | 12.60' x 10.60' | Laminate, Closet |
2nd Br | Bsmt | 10.01' x 10.60' | Laminate, Closet |
3rd Br | Bsmt | 11.48' x 10.60' | Laminate |
4th Br | Bsmt | 11.48' x 10.60' | Laminate |
5th Br | Bsmt | 8.40' x 12.99' | |
Living | Ground | 8.40' x 12.99' | Combined W/Kitchen |
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Scarborough Market Statistics
Scarborough Price Trend
55 Colonial Ave is a 3-bedroom 3-bathroom home listed for sale at $1,250,000, which is $24,507 (1.9%) lower than the average sold price of $1,274,507 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 3 bedroom home in Scarborough declined by $68,527 (5.1%) compared to the previous 30 day period (October 22 - November 20) and up $33,743 (2.7%) from the same time one year ago.Inventory Change
There were 468 3-bedroom homes listed in Scarborough over the last 30 days (November 21 - December 20), which is down 47.1% compared with the previous 30 day period (October 22 - November 20) and up 17.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough typically sold $2,247 (0.2%) above asking price over the last 30 days (November 21 - December 20), which represents a $14,916 increase compared to the previous 30 day period (October 22 - November 20) and ($11,922) 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 (November 21 - December 20) stood at 95.3%, up from 69.0% over the previous 30 days (October 22 - November 20) and down from 99.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Scarborough stood at 27 days when successfully sold over the last 30 days (November 21 - December 20), compared to 63 days before being removed from the market upon being suspended or terminated.Listing contracted with Dream Valley Realty Inc.
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