6244 Kingston Rd
Centennial Scarborough, Scarborough, M1C 1K9
FOR SALE
$2,350,000
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Property Description
Great Rental Apt Development Opportunity In The Dynamic Highland Creek Community! Great opportunity to create 32 to 40 Rental unit with no SPA and Development fee. Get the permit and have 100% construction loan From CMHC(Some condition Applies).At the final after occupancy you can have mortgage from CMHC with 2% less than the market rate and be owner with $ 0 on the property. Great investment property. Its a an ATM machine. For more details contact LA.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-25 | 2024-09-21 | 88 | $1,850,000 | - | Expired |
| 2024-04-23 | 2024-06-24 | 62 | $1,850,000 | - | Terminated |
Extras
The House is livable. Showing available with offer.
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
113' x 251'
Fronting
North
Taxes
$5,024 (2023)
Basement
Part Fin, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Oil
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Circular
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 21.98' x 10.99' | Hardwood Floor, Granite Counter, Backsplash |
| Dining | Main | 21.98' x 10.99' | Hardwood Floor, Window, Combined W/Kitchen |
| Living | Main | 18.04' x 11.48' | Hardwood Floor, Large Window |
| Prim Bdrm | Main | 10.01' x 10.99' | Hardwood Floor, Window |
| 2nd Br | Main | 11.98' x 10.99' | Hardwood Floor, Window |
| 3rd Br | Main | 14.99' x 10.99' | Hardwood Floor, Window |
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Scarborough Market Statistics
Scarborough Price Trend
6244 Kingston Rd is a 2-bedroom 2-bathroom home listed for sale at $2,350,000, which is $1,154,778 (96.6%) higher than the average sold price of $1,195,222 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 2 bedroom home in Scarborough increased by $122,616 (11.4%) compared to the previous 30 day period (August 18 - September 16) and up $156,718 (15.1%) from the same time one year ago.Inventory Change
There were 239 2-bedroom homes listed in Scarborough over the last 30 days (September 17 - October 16), which is up 28.5% compared with the previous 30 day period (August 18 - September 16) and up 9.1% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold $14,600 (1.2%) above asking price over the last 30 days (September 17 - October 16), which represents a $14,122 increase compared to the previous 30 day period (August 18 - September 16) and $25,093 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 (September 17 - October 16) stood at 46.9%, down from 53.2% over the previous 30 days (August 18 - September 16) and down from 48.4% 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 17 days when successfully sold over the last 30 days (September 17 - October 16), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realtron Realty Inc.
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