7 Ferncroft Dr

FOR SALE
$2,279,000
7 Ferncroft Dr, Scarborough
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4 + 1
BEDROOMS
5
BATHROOMS
1
KITCHENS
9 + 2
ROOMS
E8451242
MLSID
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Property Description
On the best street of the Hunt Club, hardie board and brick exterior, a masterpiece of modern home design, complete gut renovation and meticulous brand new built massive extension and second floor. Flooded with natural light from multiple skylights and adorned with elegant fireplaces, this home offers an unparalleled blend of comfort with five luxurious bathrooms including a spa like master ensuite and four spacious bedrooms where every member of your family will find their own sanctuary. The open concept living room and dining room, features a gas fireplace with multiple sitting areas seamlessly transitioning into the spacious dining room. The kitchen dry bar across from the large pantry flows into the family room, a haven of relaxation and entertainment, opens onto a deck and fenced-in backyard, creating a seamless indoor-outdoor connection. Adorned with a porcelain wall wired for TV and featuring a 5-foot Lenox fireplace, this space epitomizes modern luxury. Imported three-panel bifold doors further enhance the experience, inviting natural light and fresh air to flood the room, fostering a deeper connection to the surrounding nature. The heart of culinary excellence, the gourmet kitchen where Frigidaire professional appliances, a 36-inch gas stove with dual ovens, and a sleek quartz backsplash await. A spacious island offers ample workspace and storage, elevating the art of cooking to new heights. The basement, transformed into a versatile space with a play area, guest bedroom, and cozy family room, offers endless possibilities for relaxation and entertainment. With ample parking space for 4 cars, a newly built garage, a new driveway and modern amenities throughout, this home redefines luxury living in the heart of The Hunt Club. Don't miss your chance to own a slice of paradise welcome home to unparalleled elegance and comfort. A place for your family to feel at home and to come together to create wonderful memories.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-05-09 2024-06-18 40 $2,990,000 - Terminated
2022-09-07 2022-09-13 6 $1,299,000 - Suspended
2022-09-07 2022-09-13 6 $1,299,000 - Suspended
2021-03-09 2021-03-24 14 $1,299,000 $1,250,000 Sold
2020-06-03 2020-06-11 8 $1,099,000 - Terminated
2020-06-11 2020-06-24 13 $1,175,000 - Terminated
2020-06-11 2020-06-24 13 $3,400 - Terminated
2020-02-03 2020-03-24 50 $2,950 - Terminated
2020-01-27 2020-03-24 57 $1,099,000 - Terminated
Extras
Frigidaire professional appliances, 36-inch gas stove with dual ovens, fridge, 2 washers and 2 dryers, 2 furnaces, 2 AC. (Please note that the taxes have not been reassessed after the new built was completed.)
Nearby Intersections
Property Details
Property Type
Detached, 2-Storey
Lot Size
33' x 120'
Fronting
East
Taxes
$4,358 (2023)
Basement
Finished
Exterior
Brick, Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
FoyerMain7.94' x 15.78'Large Closet
LivingMain18.37' x 15.78'Fireplace, Gas Fireplace, Open Concept
DiningMain14.96' x 13.19'2 Pc Ensuite, Pantry
KitchenMain12.30' x 17.65'Centre Island, Quartz Counter, W/O To Deck
FamilyMain8.01' x 21.92'Electric Fireplace, Dry Bar, O/Looks Backyard
Prim Bdrm2nd20.73' x 17.03'4 Pc Ensuite, Combined W/Den, O/Looks Backyard
2nd Br2nd14.67' x 9.42'2 Pc Ensuite
3rd Br2nd10.17' x 16.77'Double Closet
4th Br2nd9.22' x 10.83'Double Closet
RecBsmt11.32' x 22.08'Electric Fireplace, 2 Pc Bath
Scarborough Market Statistics
Scarborough Price Trend
7 Ferncroft Dr is a 4-bedroom 5-bathroom home listed for sale at $2,279,000, which is $200,138 (9.6%) higher than the average sold price of $2,078,862 in the last 30 days (May 26 - June 24). During the last 30 days the average sold price for a 4 bedroom home in Scarborough declined by $97,527 (4.5%) compared to the previous 30 day period (April 26 - May 25) and down $55,334 (2.6%) from the same time one year ago.
Inventory Change
There were 698 4-bedroom homes listed in Scarborough over the last 30 days (May 26 - June 24), which is down 3.7% compared with the previous 30 day period (April 26 - May 25) and up 11.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Scarborough typically sold $8,387 (0.4%) above asking price over the last 30 days (May 26 - June 24), which represents a $9,596 decrease compared to the previous 30 day period (April 26 - May 25) and $59,099 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 4-bedroom homes in Scarborough over the last 30 days (May 26 - June 24) stood at 41.8%, down from 42.1% over the previous 30 days (April 26 - May 25) and down from 55.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Scarborough stood at 18 days when successfully sold over the last 30 days (May 26 - June 24), compared to 42 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Estate Realty
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