55 Madras Cres
Morningside, Scarborough, M1G 3L2
FOR SALE
$699,000
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BEDROOMS2
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Property Description
Welcome to 55 Madras Crescent, a cherished family home that has been lovingly maintained for 56 years and is now ready for its next chapter. Situated in a vibrant, family-friendly neighborhood, this home offers an incredible opportunity to add your personal touches and make it your own. Enjoy the convenience of being close to schools, parks, shopping, dining, and major transit options, all within easy reach. The property features a private in-ground pool, perfect for creating lasting memories with family and friends during the warmer months. This home is a true gem, offering a solid foundation in a welcoming community. Dont miss your chance to make it yours!
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Extras
Windows 2016, Pool Liner 2022, Stamped Concrete, Previous Carport Can Be Easily Converted Back
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
80' x 120'
Acreage
< .50
Lot Irregularities
129.28 x 31.68 x 103.04 x 80.13 ft
Fronting
South
Taxes
$3,569 (2024)
Basement
None
Exterior
Board/Batten, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
4
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.40' x 17.68' | Brick Fireplace, Broadloom, W/O To Patio |
| Dining | Main | 8.30' x 8.89' | Combined W/Living, Broadloom |
| Kitchen | Main | 8.07' x 10.53' | Galley Kitchen |
| Family | Main | 10.70' x 12.04' | Broadloom, W/O To Patio |
| Prim Bdrm | Upper | 12.83' x 14.76' | Large Window, Double Closet |
| 2nd Br | Upper | 9.61' x 13.32' | Large Window, Closet, Broadloom |
| 3rd Br | Upper | 9.55' x 12.83' | Window, Closet, Broadloom |
| 4th Br | Upper | 9.55' x 9.32' | Window, Broadloom, Closet |
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Scarborough Market Statistics
Scarborough Price Trend
55 Madras Cres is a 4-bedroom 2-bathroom home listed for sale at $699,000, which is $892,845 (56.1%) lower than the average sold price of $1,591,845 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 4 bedroom home in Scarborough declined by $294,828 (15.6%) compared to the previous 30 day period (November 19 - December 18) and down $105,045 (6.2%) from the same time one year ago.Inventory Change
There were 234 4-bedroom homes listed in Scarborough over the last 30 days (December 19 - January 17), which is down 21.5% compared with the previous 30 day period (November 19 - December 18) and up 66.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Scarborough typically sold ($26,023) (1.6%) below asking price over the last 30 days (December 19 - January 17), which represents a $15,789 increase compared to the previous 30 day period (November 19 - December 18) and ($80,967) 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 (December 19 - January 17) stood at 52.6%, down from 72.1% over the previous 30 days (November 19 - December 18) and down from 62.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Scarborough stood at 39 days when successfully sold over the last 30 days (December 19 - January 17), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Jazz Inc.
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