5580 Sheppard Ave E 220
Malvern, Scarborough, M1B 2L3
FOR SALE
$499,900
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Property Description
Fully renovated three-bedroom Condo in a prime Toronto location. Three full-size bedrooms, a newly laminated floor, and a large solarium for your enjoyment or storage. This apartment has a large storage room. Steps to transit, Grocery, Convenience store, restaurant, Shopping, Schools, and place of worship. Three-minute drive to Hwy 401, Excellent opportunity for the first-time buyer or Investor. The maintenance fee includes water, Heat, and High-speed internet.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-01-10 | 2022-02-02 | 23 | $435,000 | $425,000 | Sold |
Nearby Intersections
McCowan & 401 (76)
Markham & Sheppard (71)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$1,173 (2024)
Basement
None
Exterior
Concrete
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Parking Spaces
1
Parking 1
Exclusive
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.40' x 17.72' | Combined W/Dining, Laminate, W/O To Balcony |
| Dining | Main | 14.40' x 17.72' | Combined W/Living, Laminate, W/O To Balcony |
| Kitchen | Main | 7.91' x 12.63' | Tile Floor |
| Prim Bdrm | Main | 11.48' x 13.25' | Double Closet, Laminate |
| 2nd Br | Main | 7.32' x 11.35' | Closet, Laminate |
| 3rd Br | Main | 7.32' x 13.81' | Closet, Laminate |
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Scarborough Market Statistics
Scarborough Price Trend
5580 Sheppard Ave E 220 is a 3-bedroom 1-bathroom condo listed for sale at $499,900, which is $702,633 (58.4%) lower than the average sold price of $1,202,533 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom condo in Scarborough increased by $358,140 (42.4%) compared to the previous 30 day period (December 22 - January 20) and up $309,595 (34.7%) from the same time one year ago.Inventory Change
There were 216 3-bedroom condos listed in Scarborough over the last 30 days (January 21 - February 19), which is up 47.9% compared with the previous 30 day period (December 22 - January 20) and up 9.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom condos in Scarborough typically sold ($28,974) (2.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $467 increase compared to the previous 30 day period (December 22 - January 20) and ($24,701) 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 3-bedroom condos in Scarborough over the last 30 days (January 21 - February 19) stood at 23.1%, down from 34.2% over the previous 30 days (December 22 - January 20) and down from 35.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom condo in Scarborough stood at 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty
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