555 Birchmount Rd
Clairlea-Birchmount, Scarborough, M1K 1P8
FOR SALE
$3,149,000
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BEDROOMS6
BATHROOMS6
KITCHENS30
ROOMSE8051906
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Property Description
Welcome To 555 Birchmount Rd, A Boutique 6-Plex Multi-Residential Building With Fully Renovated And Fully Tenanted Units At Market Rent In Desirable Clairlea-Birchmount! Incredible Investment Opportunity With An Assumable Mortgage At 2.19% Until December 2026! Over $163k In Gross Income! Each Unit Has Been Meticulously Restored With All New Fixtures And Stainless Steel Appliances, Quartz Countertops, Refinished Hardwood Floors, And Air Conditioning. Five 2 Bedroom Units, And One 1 Bedroom Unit, All With Contemporary Finishes And Generous Floor Plans, In Addition To 7 Parking Spaces. Many Updates Including a Multi-Camera Security System, New NTI Commercial Tankless Hot Water System, New A.O. Smith Commercial Hot Water Tank, New Commercial Maytag Coin Operated Laundry Machines, Many New Windows, New Doors, Mini-Split Air Conditioners, Stucco Exterior, And More! Don't Miss This Opportunity To Own A Well Maintained, Well Capitalized, And Easy To Manage Investment Property. Gross Income: $163,452.56. Hydro/Gas/Water/Tax/Insurance: $25,640.81.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-03-03 | 2023-03-08 | 6 | $1,775 | $1,800 | Leased |
2021-03-29 | 2021-05-02 | 34 | $1,650 | $1,625 | Leased |
2020-11-25 | 2021-03-25 | 120 | $1,700 | - | Expired |
Extras
7 Hydro Meters. Close To All Amenities Including Shopping, Warden Station, Scarborough GO, Centennial College, Multiple Parks, And Great Schools. Easy To Manage Property With Great Tenants. See Virtual Tour Of Unit 302!
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Multiplex, 2 1/2 Storey
Lot Size
74' x 140'
Fronting
East
Taxes
$7,735 (2024)
Basement
Apartment, Finished
Exterior
Brick, Stucco/Plaster
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
7
Driveway
Available
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 22.90' x 14.90' | Combined W/Dining |
Br | Main | 10.93' x 12.24' | Large Window |
2nd Br | Main | 10.93' x 10.24' | Large Window |
Bathroom | Main | 6.89' x 7.15' | 4 Pc Bath |
Living | 2nd | 22.90' x 14.90' | Combined W/Dining |
Br | 2nd | 10.93' x 12.24' | Large Window |
2nd Br | 2nd | 10.93' x 10.24' | Large Window |
Bathroom | 2nd | 6.89' x 7.15' | 4 Pc Bath |
Living | Bsmt | 22.90' x 14.90' | Combined W/Dining |
Br | Bsmt | 10.93' x 12.24' | Large Window |
2nd Br | Bsmt | 10.93' x 10.24' | Large Window |
Bathroom | Bsmt | 6.89' x 7.15' | 4 Pc Bath |
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Scarborough Market Statistics
Scarborough Price Trend
555 Birchmount Rd is a 9-bedroom 6-bathroom home listed for sale at $3,149,000, which is $308,540 (10.9%) higher than the average sold price of $2,840,460 in the last 30 days (March 31 - April 29). During the last 30 days the average sold price for a 9 bedroom home in Scarborough increased by $240,460 (9.2%) compared to the previous 30 day period (March 1 - March 30) and up $240,460 (9.2%) from the same time one year ago.Inventory Change
There were 13 9-bedroom homes listed in Scarborough over the last 30 days (March 31 - April 29), which is up 160.0% compared with the previous 30 day period (March 1 - March 30) and up 550.0% compared with the same period last year.Sold Price Above/Below Asking ($)
9-bedroom homes in Scarborough typically sold ($154,540) (5.4%) below asking price over the last 30 days (March 31 - April 29), which represents a $59,540 decrease compared to the previous 30 day period (March 1 - March 30) and ($250,000) 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 9-bedroom homes in Scarborough over the last 30 days (March 31 - April 29) stood at 7.7%, down from 20.0% over the previous 30 days (March 1 - March 30) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 9-bedroom 6-bathroom home in Scarborough stood at 28 days when successfully sold over the last 30 days (March 31 - April 29), compared to 99 days before being removed from the market upon being suspended or terminated.Listing contracted with Bosley Real Estate Ltd.
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