55 King Edward Ave

FOR SALE
$1,799,000
55 King Edward Ave, Scarborough
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
55 King Edward Ave
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4 + 1
BEDROOMS
5
BATHROOMS
1 + 1
KITCHENS
7 + 2
ROOMS
E11979694
MLSID
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Property Description
This stunning, modern detached family home boasts 4+1 bedrooms, 5 bathrooms, and a thoughtfully designed open-concept layout. Grand windows throughout the home bathe every corner in natural light, accentuating the 6.5" engineered oak hardwood floors and the elegant white oak open-rise staircase. The main floor is perfect for entertaining, featuring a sleek Continental linear gas fireplace with a stylish tile feature and a walkout to a private deck with glass railings - ideal for summer BBQs and evening gatherings. The modern chef's kitchen is a showstopper with its impressive 10x3 ft waterfall island, quartz vein countertops, and high-end LG appliances. Upstairs, you'll find a convenient second-floor laundry room with ample storage and four spacious bedrooms, each with access to a beautifully designed bathroom with heated floors. The finished basement, completed as part of the 2022 renovations, offers radiant heated floors, a 3-piece bath, and a versatile space perfect for a home office, gym, or recreational space. It also includes a second kitchen and a separate laundry, making it an excellent option for an apartment or providing the flexibility to use either the basement or second-floor laundry room. The deep backyard provides endless potential for entertaining, gardening, or even building a garden suite. Located within walking distance to Woodbine Station and just minutes from the DVP and 401, this home also enjoys close proximity to nearby parks like Stan Wadlow and Taylor Creek - perfect for outdoor enthusiasts. Seller offers a 1 year warranty with the home!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-03-23 2024-07-04 103 $2,700 - Terminated
Nearby Intersections
Property Features
Fenced Yard, Hospital, Park, Public Transit, Rec Centre, School
Property Details
Property Type
Detached, 2-Storey
Lot Size
25' x 126'
Fronting
East
Taxes
$8,240 (2024)
Basement
Full, W/O
Exterior
Board/Batten, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain20.08' x 11.32'Hardwood Floor, Pot Lights, Large Window
KitchenMain10.24' x 11.09'Hardwood Floor, Centre Island, Open Concept
FamilyMain14.17' x 15.26'Hardwood Floor, Gas Fireplace, W/O To Deck
Prim Bdrm2nd15.49' x 11.15'Hardwood Floor, W/I Closet, Ensuite Bath
2nd Br2nd8.92' x 11.09'Hardwood Floor, Double Closet, Window
3rd Br2nd8.92' x 11.09'Hardwood Floor, Double Closet, Semi Ensuite
4th Br2nd10.17' x 10.76'Hardwood Floor, Double Closet, Semi Ensuite
RecBsmt34.84' x 13.42'Heated Floor, W/O To Yard, Pot Lights
5th BrBsmt12.83' x 8.76'Heated Floor, Window, Double Closet
BathroomBsmt4.17' x 8.76'Heated Floor, 3 Pc Bath
UtilityBsmt12.83' x 4.27'
Scarborough Market Statistics
Scarborough Price Trend
55 King Edward Ave is a 4-bedroom 5-bathroom home listed for sale at $1,799,000, which is $76,711 (4.1%) lower than the average sold price of $1,875,711 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Scarborough increased by $183,887 (10.9%) compared to the previous 30 day period (December 22 - January 20) and down $46,763 (2.4%) from the same time one year ago.
Inventory Change
There were 466 4-bedroom homes listed in Scarborough over the last 30 days (January 21 - February 19), which is up 87.9% compared with the previous 30 day period (December 22 - January 20) and up 30.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Scarborough typically sold $7,351 (0.4%) above asking price over the last 30 days (January 21 - February 19), which represents a $37,018 increase compared to the previous 30 day period (December 22 - January 20) and ($17,969) 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 4-bedroom homes in Scarborough over the last 30 days (January 21 - February 19) stood at 38.0%, down from 43.5% over the previous 30 days (December 22 - January 20) and down from 52.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Scarborough stood at 24 days when successfully sold over the last 30 days (January 21 - February 19), compared to 68 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Ultimate Realty Inc.
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