5580 Sheppard Ave E 305
Malvern, Scarborough, M1B 2L3
FOR SALE
$499,000
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BEDROOMS1
BATHROOMS1
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ROOMSE9507583
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Property Description
Excellent Opportunity For All First Time Buyers. Renovated Maintained Two Bedroom Condo W/ Spacious Solarium. Open Concept Layout. Great view, large windows, lots of light, large kitchen, den can be used as 3rd bed room. Great view, large windows, and lots of light. S/S Appliances W/ Eat-In Kitchen, Granite Countertop & Upgraded Cabinets Doors. Laminate Flooring throughout the Unit and Painted with neutral Colors. Close To All Amenities: Mins To Shopping, School, Community Centre, Church, Parks, Hospital & Transits. Mins To Hwy 401. Great Location For Commuters.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-03 | 2024-10-22 | 111 | $525,000 | - | Terminated |
| 2021-05-27 | 2021-06-08 | 12 | $399,900 | $407,000 | Sold |
| 2021-05-27 | 2021-06-08 | 12 | $399,900 | $407,000 | Sold |
Nearby Intersections
McCowan & 401 (148)
Markham & Sheppard (123)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$966 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Window Unit
Parking 1
Exclusive
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Flat | 7.74' x 13.94' | Backsplash, Stainless Steel Appl, Ceramic Floor |
| Living | Flat | 13.12' x 20.67' | Laminate, Combined W/Dining |
| Dining | Flat | 13.12' x 20.67' | Laminate, Combined W/Living |
| Prim Bdrm | Flat | 9.84' x 12.80' | Laminate, W/I Closet |
| 2nd Br | Flat | 9.19' x 9.51' | Laminate, W/I Closet |
| Solarium | Flat | 7.02' x 27.00' |
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Scarborough Market Statistics
Scarborough Price Trend
5580 Sheppard Ave E 305 is a 2-bedroom 1-bathroom condo listed for sale at $499,000, which is $270,663 (35.2%) lower than the average sold price of $769,663 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 2 bedroom condo in Scarborough declined by $10,296 (1.3%) compared to the previous 30 day period (September 1 - September 30) and down $28,538 (3.6%) from the same time one year ago.Inventory Change
There were 1,340 2-bedroom condos listed in Scarborough over the last 30 days (October 1 - October 30), which is down 13.0% compared with the previous 30 day period (September 1 - September 30) and up 2.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Scarborough typically sold ($19,004) (2.5%) below asking price over the last 30 days (October 1 - October 30), which represents a $3,602 decrease compared to the previous 30 day period (September 1 - September 30) and ($16,820) 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 (October 1 - October 30) stood at 39.6%, up from 27.3% over the previous 30 days (September 1 - September 30) and up from 33.8% 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 31 days when successfully sold over the last 30 days (October 1 - October 30), 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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