5580 Sheppard Ave E 605
Malvern, Scarborough, M1B 2L3
FOR SALE
$410,000
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1 + 1
BEDROOMS1
BATHROOMS1
KITCHENS4 + 1
ROOMSE11929966
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Property Description
An incredible opportunity for first-time buyers and investors! This beautifully upgraded(Dec-2024)condo features large windows that fill the space with natural light, pot lights that add a modern touch, and stunning views. The den is versatile, perfect as a home office or a second bedroom. The sleek kitchen boasts countertops, stainless steel appliances, cabinet doors, and a cozy eat-in area. Updated Laminate flooring runs throughout, complemented by freshly painted neutral tones for a modern, inviting feel. Enjoy the convenience of ensuite laundry and a prime location next to centennial college, University of Toronto Scarborough, Future McCowan subway station, Sheppard Square Childcare Centre, shopping, schools, parks, community centers, and hospitals, with easy access to Hwy 401perfect for commuters. Dont miss this rare find! **EXTRAS** Maintenance Fee Includes: Heat and water, Rogers Cable and Internet included.
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Nearby Intersections
McCowan & 401 (107)
Markham & Sheppard (96)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$858 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Other
Heat Source
Other
Air Conditioning
Window Unit
Parking Spaces
1
Parking 1
Owned
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 10.60' x 12.93' | Laminate, Combined W/Dining, Pot Lights |
| Dining | Flat | 7.81' x 11.68' | Laminate, Combined W/Living, Pot Lights |
| Kitchen | Flat | 6.59' x 7.22' | B/I Dishwasher, Stainless Steel Appl |
| Prim Bdrm | Flat | 9.25' x 13.32' | Laminate, Double Closet, Window |
| Den | Flat | 5.54' x 13.25' | Laminate, Window |
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Scarborough Market Statistics
Scarborough Price Trend
5580 Sheppard Ave E 605 is a 1-bedroom 1-bathroom condo listed for sale at $410,000, which is $149,231 (26.7%) lower than the average sold price of $559,231 in the last 30 days (January 19 - February 17). During the last 30 days the average sold price for a 1 bedroom condo in Scarborough declined by $3,008 (0.5%) compared to the previous 30 day period (December 20 - January 18) and down $36,630 (6.1%) from the same time one year ago.Inventory Change
There were 1,362 1-bedroom condos listed in Scarborough over the last 30 days (January 19 - February 17), which is up 47.6% compared with the previous 30 day period (December 20 - January 18) and up 27.4% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Scarborough typically sold ($14,787) (2.6%) below asking price over the last 30 days (January 19 - February 17), which represents a $1,429 decrease compared to the previous 30 day period (December 20 - January 18) and ($10,396) 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 1-bedroom condos in Scarborough over the last 30 days (January 19 - February 17) stood at 25.6%, down from 34.0% over the previous 30 days (December 20 - January 18) and down from 52.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Scarborough stood at 34 days when successfully sold over the last 30 days (January 19 - February 17), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Urban Realty Point
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