56 Gage Ave
Bendale, Scarborough, M1J 1T8
FOR SALE
$999,900

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BEDROOMS2
BATHROOMS1
KITCHENS8 + 4
ROOMSE11986717
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Property Description
Separate Entrance for In-Law Suite potential. 3 Bed- 2 Bath Bungalow, on a Large Lot In Desirable Bendale Community. Freshly Painted with New Broadloom. Home Features a Carport, Fully Fenced Yard, Open Living & Dining Rm, Family-Sized Eat-in Kitchen, Large Finished Basement With Separate Entrance and Spacious Open-Concept Living and Dining Area Featuring Crown Molding and Large Windows. The side Separate Entrance, leads to a Huge Basement with Recreational Room with Office and Bar Area, and Additionally a Huge Family Room for Entertaining Along with a 3-Piece Bath. This Expansive Space Could be Easily Converted into an Income-Generating Suite or Used as Extra Living Space for Extended Family Members. Outside, the Backyard is Fully fenced with a Patio, Garden Area and Sprinkler System. Close to Transit (Lawrence Lrt Station & Future Subway in the area as well), Local schools, Parks, SHN General Hospital, Grocery Stores, and Restaurants are all Just Minutes Away. This is a Rare Opportunity to Own a Property with Great Bones and Great Income Potential in a Sought-After Neighborhood.
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Nearby Intersections
Property Features
Fenced Yard, Level
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Property Details
Street
Community
City
Property Type
Detached, Backsplit 4
Lot Size
40' x 125'
Fronting
South
Taxes
$3,863 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Garage Type
Carport
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Foyer | Main | 7.71' x 10.66' | Ceramic Floor, W/O To Deck |
Kitchen | Main | 10.79' x 14.47' | Ceramic Floor, Side Door, W/O To Patio |
Living | Main | 15.16' x 19.00' | Fireplace, Open Concept, O/Looks Frontyard |
Dining | Main | 15.16' x 19.00' | Broadloom, Combined W/Living, O/Looks Frontyard |
Bathroom | Main | 6.69' x 8.89' | 4 Pc Bath, Ceramic Floor, Ceramic Back Splash |
Br | Main | 11.19' x 11.61' | Hardwood Floor, Closet |
2nd Br | Main | 11.25' x 11.58' | Hardwood Floor, Double Closet, O/Looks Backyard |
3rd Br | Main | 9.81' x 12.70' | Hardwood Floor, Closet, O/Looks Backyard |
Rec | Lower | 14.80' x 23.49' | B/I Bar, Bar Sink |
Laundry | Lower | 12.66' x 17.13' | Combined W/Workshop, Laundry Sink |
Family | Bsmt | 19.03' x 25.59' | Broadloom |
Bathroom | Bsmt | 7.87' x 8.37' | 3 Pc Bath, 3 Pc Bath |
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Scarborough Market Statistics
Scarborough Price Trend
56 Gage Ave is a 3-bedroom 2-bathroom home listed for sale at $999,900, which is $292,698 (22.6%) lower than the average sold price of $1,292,598 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Scarborough increased by $71,412 (5.8%) compared to the previous 30 day period (December 22 - January 20) and down $8,210 (0.6%) from the same time one year ago.Inventory Change
There were 676 3-bedroom homes listed in Scarborough over the last 30 days (January 21 - February 19), which is up 105.5% compared with the previous 30 day period (December 22 - January 20) and up 23.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough typically sold $27,264 (2.1%) above asking price over the last 30 days (January 21 - February 19), which represents a $35,980 increase compared to the previous 30 day period (December 22 - January 20) and $32,657 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 homes in Scarborough over the last 30 days (January 21 - February 19) stood at 52.8%, down from 53.2% over the previous 30 days (December 22 - January 20) and down from 73.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Scarborough stood at 22 days when successfully sold over the last 30 days (January 21 - February 19), compared to 55 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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