551 Military Tr

FOR SALE
$2,188,000
551 Military Tr, Scarborough
551 Military Tr
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4
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
7
ROOMS
E9008534
MLSID
Contact Us
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!
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
Property Features
Public Transit, Ravine, School
Property Details
Community
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
Room Summary
RoomLevelSizeFeatures
LivingMain17.13' x 24.74'Coffered Ceiling, Window, Fireplace
DiningMain13.19' x 14.21'Laminate, Window, Wainscoting
KitchenMain17.13' x 10.53'Modern Kitchen, Window, Stainless Steel Appl
OfficeMain11.65' x 17.45'Laminate, Window, Fireplace
Prim Bdrm2nd18.77' x 14.44'3 Pc Ensuite, Window, Mirrored Closet
2nd Br2nd12.47' x 21.16'Laminate, Window, W/I Closet
3rd Br2nd12.47' x 21.10'Laminate, Window, W/I Closet
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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