5580 Sheppard Ave 509
Malvern, Scarborough, M1B 2L3
FOR SALE
$490,000
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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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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-08 | 2024-05-08 | 90 | $527,000 | - | Expired |
Extras
White Fridge,Stove,Ranghood
Nearby Intersections
McCowan & 401 (112)
Markham & Sheppard (81)
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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 $490,000, which is $350,278 (41.7%) lower than the average sold price of $840,278 in the last 30 days (May 31 - June 29). During the last 30 days the average sold price for a 2 bedroom condo in Scarborough increased by $11,860 (1.4%) compared to the previous 30 day period (May 1 - May 30) and up $10,589 (1.3%) from the same time one year ago.Inventory Change
There were 1,462 2-bedroom condos listed in Scarborough over the last 30 days (May 31 - June 29), which is down 6.5% compared with the previous 30 day period (May 1 - May 30) and up 7.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Scarborough typically sold ($16,108) (1.9%) below asking price over the last 30 days (May 31 - June 29), which represents a $919 decrease compared to the previous 30 day period (May 1 - May 30) and ($3,809) 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 (May 31 - June 29) stood at 36.1%, down from 37.6% over the previous 30 days (May 1 - May 30) and down from 72.8% 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 25 days when successfully sold over the last 30 days (May 31 - June 29), compared to 45 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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