5580 Sheppard Ave 509
Malvern, Scarborough, M1B 2L3
FOR SALE
$527,000
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BEDROOMS1
BATHROOMS1
KITCHENS6
ROOMSE8055858
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Property Description
Open-Concept, Luxury Unit, Nothing Like It In The Area. Calling All First Time Home Buyers Very Bright Lots Of Sun, Large Two Bedroom Condo. Great View! Large Windows , Lots Of Light ! Large Kitchen! Big Living Room, Very Convenient Location! Close To Hwy 401,Schools, College, Banks, Community Centre, Shopping Options And Ttc! Excellent Opportunity For First- Time Buyers/Investors. Great Income Potential!
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Extras
White Fridge,Stove,Ranghood
Nearby Intersections
McCowan & 401 (81)
Markham & Sheppard (57)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$1,800 (2023)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Gas
Air Conditioning
Window Unit
Parking Spaces
1
Parking 1
Owned
Garage Type
None
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Scarborough Market Statistics
Scarborough Price Trend
5580 Sheppard Ave 509 is a 2-bedroom 1-bathroom condo listed for sale at $527,000, which is $281,248 (34.8%) lower than the average sold price of $808,248 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 2 bedroom condo in Scarborough increased by $27,050 (3.5%) compared to the previous 30 day period (February 26 - March 26) and up $6,488 (0.8%) from the same time one year ago.Inventory Change
There were 1,491 2-bedroom condos listed in Scarborough over the last 30 days (March 27 - April 25), which is up 18.6% compared with the previous 30 day period (February 26 - March 26) and up 34.8% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Scarborough typically sold ($10,410) (1.3%) below asking price over the last 30 days (March 27 - April 25), which represents a $1,522 increase compared to the previous 30 day period (February 26 - March 26) and ($6,828) 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 (March 27 - April 25) stood at 47.0%, up from 46.2% over the previous 30 days (February 26 - March 26) and down from 65.2% 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 24 days when successfully sold over the last 30 days (March 27 - April 25), compared to 53 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Real Estate Centre Inc.
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