551 Military Tr
Morningside, Scarborough, M1E 4S7
FOR SALE
$2,188,000
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BEDROOMS3
BATHROOMS1 + 1
KITCHENS7
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Property Description
Calling all savvy investors! great income potential. Great for growing families with separate nanny/in-law suite. also great for rental to UofT students. Separate mailing addresses for Canada Post, Separate Hydro and Enbridge Gas for both houses. Tons of upgrades throughout both houses: windows, stainless steel appliances, fireplaces, privacy fence. Lots of added security features glass breaking detection and 10 security cameras. huge driveway can park up to 10 cars or RV/boat. Oversized backyard and deck - great for kids to play or entertaining large gatherings! Ravine lot. Backs onto Brooks Road Park. Like a farmhouse in the city. Ultra convenient location with quick access to walking trails, schools, UofT Scarborough Campus, Centennial College, Hospital, Hwy 401, grocery stores the list goes on! A truly unique property on a massive ravine lot. Don't miss this opportunity to live or invest in somewhere special and truly one of a kind. Welcome Home!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-11-13 | 2024-02-13 | 92 | $2,189,000 | - | Expired |
2023-06-02 | 2023-08-02 | 61 | $2,650,000 | - | Expired |
2022-06-20 | 2022-09-19 | 91 | $2,999,000 | - | Terminated |
2022-06-20 | 2022-08-27 | 68 | $2,999,000 | - | Suspended |
2021-01-21 | 2021-02-03 | 14 | $2,200 | - | Suspended |
2020-08-19 | 2020-11-13 | 87 | $1,049,000 | $970,000 | Sold |
2020-06-16 | 2020-08-18 | 63 | $1,149,000 | - | Terminated |
Nearby Intersections
Neilson & Ellesmere (13)
Property Features
Public Transit, Ravine, School
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Property Details
Street
Community
City
Property Type
Detached, Other
Lot Size
41' x 305'
Lot Irregularities
Irregular- Frontag Is 123 Ft In Backyard
Fronting
West
Taxes
$4,198 (2023)
Basement
None
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Private
Garage Type
Other
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 17.13' x 24.74' | Coffered Ceiling, Window, Fireplace |
Dining | Main | 13.19' x 14.21' | Laminate, Window, Wainscoting |
Kitchen | Main | 17.13' x 10.53' | Modern Kitchen, Window, Stainless Steel Appl |
Office | Main | 11.65' x 17.45' | Laminate, Window, Fireplace |
Prim Bdrm | 2nd | 18.77' x 14.44' | 3 Pc Ensuite, Window, Mirrored Closet |
2nd Br | 2nd | 12.47' x 21.16' | Laminate, Window, W/I Closet |
3rd Br | 2nd | 12.47' x 21.10' | Laminate, Window, W/I Closet |
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Scarborough Market Statistics
Scarborough Price Trend
551 Military Tr is a 4-bedroom 3-bathroom home listed for sale at $2,188,000, which is $291,375 (15.4%) higher than the average sold price of $1,896,625 in the last 30 days (August 8 - September 6). During the last 30 days the average sold price for a 4 bedroom home in Scarborough declined by $50,495 (2.6%) compared to the previous 30 day period (July 9 - August 7) and down $25,015 (1.3%) from the same time one year ago.Inventory Change
There were 401 4-bedroom homes listed in Scarborough over the last 30 days (August 8 - September 6), which is down 11.9% compared with the previous 30 day period (July 9 - August 7) and up 8.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Scarborough typically sold ($49,469) (2.6%) below asking price over the last 30 days (August 8 - September 6), which represents a $3,865 decrease compared to the previous 30 day period (July 9 - August 7) and $8,473 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 4-bedroom homes in Scarborough over the last 30 days (August 8 - September 6) stood at 44.9%, down from 49.9% over the previous 30 days (July 9 - August 7) and down from 48.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Scarborough stood at 28 days when successfully sold over the last 30 days (August 8 - September 6), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Realty Ltd.
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