5800 Sheppard Ave E 516
Malvern, Scarborough, M1B 5J7
FOR SALE
$550,000
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2 + 1
BEDROOMS3
BATHROOMS1 + 1
KITCHENS6
ROOMSE11978298
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Property Description
Bright and Spacious 2 Level Unit. Well Maintained Building, Bright And Spacious Layout with 2+1 Bedroom, 2 Full Washrooms +1 Powder Room. 1 Underground Parking, Close To Schools, Parks, Community Centre, Centennial College, Shopping, TTC, Mins To 401. Lovley flooring. Beautiful kitchen. Close To New Subway Station (Under-Const.) Close To Many Amenities, Spacious And Convenient. Property Being Sold By POA in "As is, Where is" Condition without any warranty or representation. Buyer To Verify All Information To Their Own Satisfaction. Offers to Be on Attached Agreement of Purchase & Sale and Schedules ONLY. Offers Will Be Reviewed Feb 26, 2025.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-31 | 2024-02-01 | 93 | $499,000 | - | Terminated |
| 2023-06-23 | 2023-08-14 | 52 | $699,000 | - | Terminated |
| 2022-09-23 | 2022-11-17 | 55 | $749,000 | - | Terminated |
| 2023-04-05 | 2023-06-06 | 62 | $689,000 | - | Terminated |
| 2022-11-25 | 2023-03-30 | 126 | $747,000 | - | Expired |
| 2022-09-23 | 2022-11-17 | 55 | $749,000 | - | Terminated |
| 2019-12-28 | 2020-01-11 | 14 | $349,900 | $378,000 | Sold |
Nearby Intersections
Markham & Sheppard (81)
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Property Details
Street
Community
City
Property Type
Comm Element Condo, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$1,388 (2024)
Basement
None
Exterior
Other
Heat Type
Other
Heat Source
Other
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (A)
Garage Type
Underground
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Scarborough Market Statistics
Scarborough Price Trend
5800 Sheppard Ave E 516 is a 2-bedroom 3-bathroom condo listed for sale at $550,000, which is $206,601 (27.3%) 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 3-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 Re/Max Hallmark Realty Ltd.
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