58 West Lynn Ave

FOR SALE
$1,199,900
58 West Lynn Ave, Scarborough
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
58 West Lynn Ave
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2 + 1
BEDROOMS
2
BATHROOMS
2
KITCHENS
5 + 4
ROOMS
E9366985
MLSID
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Property Description
Charming loft-style bungalow on a prime corner lot directly across from East Lynn Park! This unique home features a 13' vaulted ceiling, a skylight that bathes the living space in natural light, hardwood floors, and two fireplaces, creating an airy and inviting atmosphere. Freshly painted throughout, the main level offers a spacious, open-concept layout ideal for family gatherings and entertaining.The REAL highlight is the income-generating potential and flexibility this home offers. The lower level boasts a newly renovated in-law suite with above-grade windows, a separate entrance, a modern kitchen, and new vinyl flooring perfect for generating rental income or accommodating multi-generational living. This space provides an excellent opportunity for homeowners seeking mortgage support or those who need extra room for family members.Situated on a corner lot with great development potential, this property is primed for the addition of an accessory dwelling, whether a laneway house or garden suite (Lanescape report available). With 2-car parking, a private backyard with a shed, and beautifully landscaped yards, this home offers comfort and convenience. Enjoy being a 10-minute walk to either Coxwell or Woodbine Subway stations, within the sought-after Earl Haig school district, and steps away from shops, cafes, and a weekly farmers market. A rare gem with endless possibilities!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-09-17 2024-09-25 8 $997,900 - Terminated
Extras
Corner lot with exceptional development potential. Lanescape report available for laneway/garden suite options. Landscaped yards, wrought iron fencing, and an interlocking brick driveway add curb appeal.
Nearby Intersections
Property Features
Hospital, Library, Park, Public Transit, Rec Centre, School
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
20' x 119'
Fronting
West
Taxes
$4,406 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick, Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain17.85' x 11.06'Hardwood Floor, Vaulted Ceiling, Open Concept
DiningMain11.06' x 9.68'Hardwood Floor, Combined W/Living
KitchenMain9.38' x 9.68'Slate Flooring, Stainless Steel Appl, O/Looks Dining
Prim BdrmMain10.30' x 11.45'Hardwood Floor, French Doors, Double Closet
BrMain14.76' x 8.20'Hardwood Floor, B/I Shelves
LivingBsmt16.90' x 11.22'Laminate, Fireplace
DiningBsmt16.90' x 7.71'Laminate
KitchenBsmt16.90' x 7.71'Breakfast Bar, Custom Counter
BrBsmt12.24' x 8.07'Laminate
Scarborough Market Statistics
Scarborough Price Trend
58 West Lynn Ave is a 2-bedroom 2-bathroom home listed for sale at $1,199,900, which is $42,943 (3.7%) higher than the average sold price of $1,156,957 in the last 30 days (August 29 - September 27). During the last 30 days the average sold price for a 2 bedroom home in Scarborough increased by $75,552 (7.0%) compared to the previous 30 day period (July 30 - August 28) and up $104,543 (9.9%) from the same time one year ago.
Inventory Change
There were 245 2-bedroom homes listed in Scarborough over the last 30 days (August 29 - September 27), which is up 64.4% compared with the previous 30 day period (July 30 - August 28) and up 10.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold $7,097 (0.6%) above asking price over the last 30 days (August 29 - September 27), which represents a $3,531 decrease compared to the previous 30 day period (July 30 - August 28) and $26,555 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 homes in Scarborough over the last 30 days (August 29 - September 27) stood at 39.6%, down from 67.8% over the previous 30 days (July 30 - August 28) and up from 38.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Scarborough stood at 15 days when successfully sold over the last 30 days (August 29 - September 27), compared to 51 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sage Real Estate Limited
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