558-562 Kingston Rd
East End-Danforth, Scarborough, M4E 1P9
FOR SALE
$5,249,000
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8 + 8
BEDROOMS8
BATHROOMS8
KITCHENS24
ROOMSE11895337
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Property Description
Truly exceptional opportunity for a future mid-rise development in the heart of the Toronto Beaches! Total lot size 91x150 ft backs onto beautiful ravine setting. Existing lots each currently have a 4-plex with a combined total of 8 two-bedroom rental units with total gross income of $185,472/yr. Incredible location with TTC at your doorstep! Short walk to Queen Street and the beach! Just steps to the shops & restaurants of Kingston Road Village! Quick access to the downtown core and highways! **EXTRAS** Property Brochure available upon request. Existing building street addresses are 558/560 Kingston Rd and 562/564 Kingston Rd -- registered as 558 Kingston Rd & 562 Kingston Rd
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-31 | 2024-12-15 | 45 | $5,788,000 | - | Terminated |
| 2024-05-06 | 2024-07-30 | 85 | $5,749,000 | - | Expired |
| 2024-01-16 | 2024-04-30 | 105 | $7,000,000 | - | Expired |
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Lot Size
91' x 151'
Fronting
North
Taxes
$15,944 (2023)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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Scarborough Market Statistics
Scarborough Price Trend
558-562 Kingston Rd is a 8-bedroom 8-bathroom home listed for sale at $5,249,000, which is $3,720,667 (243.4%) higher than the average sold price of $1,528,333 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 8 bedroom home in Scarborough increased by $164,833 (12.1%) compared to the previous 30 day period (December 22 - January 20) and up $340,833 (28.7%) from the same time one year ago.Inventory Change
There were 9 8-bedroom homes listed in Scarborough over the last 30 days (January 21 - February 19), which is down 0.0% compared with the previous 30 day period (December 22 - January 20) and up 80.0% compared with the same period last year.Sold Price Above/Below Asking ($)
8-bedroom homes in Scarborough typically sold $36,000 (2.4%) above asking price over the last 30 days (January 21 - February 19), which represents a $97,443 increase compared to the previous 30 day period (December 22 - January 20) and ($93,950) 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 8-bedroom homes in Scarborough over the last 30 days (January 21 - February 19) stood at 33.3%, up from 22.2% over the previous 30 days (December 22 - January 20) and down from 40.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 8-bedroom 8-bathroom home in Scarborough stood at 47 days when successfully sold over the last 30 days (January 21 - February 19), compared to 124 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Richards Group Realty Ltd.
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