5580 Sheppard Ave 507

FOR SALE
$499,000
5580 Sheppard Ave 507, Scarborough
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
5580 Sheppard Ave 507
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2 + 1
BEDROOMS
1
BATHROOMS
1
KITCHENS
2
ROOMS
E9037498
MLSID
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Property Description
Renovated Condo Unit Located In prime location, 2 bedroom + 1 extra room with specious living room, Upgraded Kitchen Cabinet with Quartz Counter Top, Decorative Backsplash, New Floor Tile and Laminate Flooring, Newly Renovated Bathroom. Step to Transit, Grocery store, Convenience store, Food, Gas station, Shopping, Hwy 401, College and Schools, Great Property for First Time Home Buyers and Investor.
Nearby Intersections
Property Details
Community
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$973 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Window Unit
Elevator
Yes
Parking 1
Common
Garage Type
Underground
Scarborough Market Statistics
Scarborough Price Trend
5580 Sheppard Ave 507 is a 2-bedroom 1-bathroom condo listed for sale at $499,000, which is $271,039 (35.2%) lower than the average sold price of $770,039 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 2 bedroom condo in Scarborough declined by $17,913 (2.3%) compared to the previous 30 day period (July 17 - August 15) and down $13,617 (1.7%) from the same time one year ago.
Inventory Change
There were 1,378 2-bedroom condos listed in Scarborough over the last 30 days (August 16 - September 14), which is up 20.9% compared with the previous 30 day period (July 17 - August 15) and up 0.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Scarborough typically sold ($16,377) (2.1%) below asking price over the last 30 days (August 16 - September 14), which represents a $4,729 increase compared to the previous 30 day period (July 17 - August 15) and ($11,745) 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 2-bedroom condos in Scarborough over the last 30 days (August 16 - September 14) stood at 30.8%, down from 41.8% over the previous 30 days (July 17 - August 15) and down from 33.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Scarborough stood at 31 days when successfully sold over the last 30 days (August 16 - September 14), compared to 58 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife/Miracle Realty Ltd
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