558-562 Kingston Rd
The Beaches, Scarborough, M4E 1P9
FOR SALE
$7,000,000
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Property Description
***Future Mid Rise Development***1-Of-A-Kind Location & Signature/Luxury Projects In Prestigious Downtown Toronto**Rare Development Opportunity in the Downtown Toronto Beaches Area. Site Plan Submitted To City & Under Process For Rezoning for 57 Rental Suites & development potential of 37,8000 SQFT(Please Buyer Verify With City)**TRCA Approved**Total Lot Size 91x150ft**Back To the Ravine**The existing 2 Fourplex consists of 8 apartment units each including 2 Br, 1 Kitchen & One 3 Pc Washroom, family room & dining room. Located in the Downtown Toronto Beaches Area, this is a prime redevelopment opportunity for builders. The building is fully tenanted. Elevate Urban Living Experience In Downtown Toronto .Buyer To Do All Due Diligence.
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Nearby Intersections
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Property Details
Street
Community
City
Property Type
Fourplex, Other
Lot Size
91' x 150'
Fronting
South
Taxes
$15,944 (2023)
Basement
Other
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Driveway
None
Garage Type
None
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Scarborough Market Statistics
Scarborough Price Trend
558-562 Kingston Rd is a 0-bedroom 0-bathroom home listed for sale at $7,000,000, which is $5,676,250 (428.8%) higher than the average sold price of $1,323,750 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 0 bedroom home in Scarborough increased by $243,075 (22.5%) compared to the previous 30 day period (February 26 - March 26) and down $226,250 (14.6%) from the same time one year ago.Inventory Change
There were 4 0-bedroom homes listed in Scarborough over the last 30 days (March 27 - April 25), which is down 42.9% compared with the previous 30 day period (February 26 - March 26) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom homes in Scarborough typically sold ($64,500) (4.9%) below asking price over the last 30 days (March 27 - April 25), which represents a $207,950 decrease compared to the previous 30 day period (February 26 - March 26) and ($225,000) 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 0-bedroom homes in Scarborough over the last 30 days (March 27 - April 25) stood at 100.0%, up from 57.1% over the previous 30 days (February 26 - March 26) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 0-bedroom 0-bathroom home in Scarborough stood at 67 days when successfully sold over the last 30 days (March 27 - April 25), compared to 55 days before being removed from the market upon being suspended or terminated.Listing contracted with Soltanian Real Estate Inc.
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