5580 Sheppard Ave E Ph 1
Malvern, Scarborough, M1B 2L3
FOR SALE
$499,999
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2 + 1
BEDROOMS1
BATHROOMS1
KITCHENS5 + 1
ROOMSE11915895
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Property Description
Discover this exclusive 2-bedroom penthouse, offering 875 square feet of sophisticated living space. This stunning unit features a custom kitchen with a breakfast bar, a double stainless steel fridge and has been newly painted and renovated from top to bottom making it move-in ready! Included with this apartment is an indoor parking spot. Ideally located at Markham & Sheppard, you will benefit from unmatched convenience, with public transit at your doorstep and a variety of restaurants, places of worship, and shopping just moments away. With ultra-low maintenance fees and a prime location, this penthouse is the perfect urban retreat. Don't miss your chance to call it home!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-07 | 2024-12-06 | 60 | $519,999 | - | Expired |
Nearby Intersections
McCowan & 401 (107)
Markham & Sheppard (96)
Property Features
Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$1,001 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Other
Heat Source
Other
Air Conditioning
Other
Elevator
Yes
Parking Spaces
1
Parking 1
Exclusive
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 44.98' x 71.46' | Combined W/Dining, Laminate |
| Dining | Flat | 44.98' x 71.46' | Combined W/Living, Laminate |
| Kitchen | Flat | 19.91' x 49.51' | Eat-In Kitchen, Ceramic Floor, Ceramic Back Splash |
| 2nd Br | Flat | 0.33' x 46.06' | Closet, Laminate |
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Scarborough Market Statistics
Scarborough Price Trend
5580 Sheppard Ave E Ph 1 is a 2-bedroom 1-bathroom condo listed for sale at $499,999, which is $256,602 (33.9%) lower than the average sold price of $756,601 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in Scarborough increased by $25,750 (3.5%) compared to the previous 30 day period (December 22 - January 20) and down $31,820 (4.0%) from the same time one year ago.Inventory Change
There were 1,180 2-bedroom condos listed in Scarborough over the last 30 days (January 21 - February 19), which is up 45.7% compared with the previous 30 day period (December 22 - January 20) and up 12.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Scarborough typically sold ($15,842) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,965 increase compared to the previous 30 day period (December 22 - January 20) and ($14,808) 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 (January 21 - February 19) stood at 26.8%, down from 33.1% over the previous 30 days (December 22 - January 20) and down from 45.4% 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 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Highpoint Homes Realty
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