7 Montvale Dr

FOR SALE
$1,399,900
7 Montvale Dr, Scarborough
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3 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
7 + 7
ROOMS
E8433238
MLSID
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Property Description
Sitting on a family-friendly street off Chine Dr, this fully renovated bungalow seamlessly combines classic charm with modern comfort. The main level features three spacious bedrooms with ample natural light, including a primary bedroom with a custom closet system. The renovated kitchen and bathroom exude modern elegance with luxury finishes. Step outside to a picturesque backyard, complete with a hot tub and firepit a perfect retreat for relaxation and entertaining. The well-designed basement offers the potential for a two-bedroom apartment, providing flexibility for additional income. Extra head room in the garage for a lift or ample storage. Parking for 4 to 5 cars. This property is a must-see, offering classic elegance and modern convenience a unique opportunity to create a home tailored to your lifestyle.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-01-23 2024-01-30 7 $1,088,000 $1,231,000 Sold
Extras
Fridge, Stove, Hood vent, Dishwasher, Washer Dryer, White Fridge in Basement
Nearby Intersections
Property Details
Community
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
1100-1500
Lot Size
45' x 111'
Lot Irregularities
Irregular
Fronting
East
Taxes
$4,031 (2023)
Basement
Apartment, Sep Entrance
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain18.73' x 12.60'Large Window, O/Looks Frontyard, Laminate
DiningMain12.37' x 8.60'Combined W/Kitchen, O/Looks Living, Laminate
KitchenMain10.20' x 11.22'Open Concept, O/Looks Dining, Laminate
Prim BdrmMain14.40' x 10.99'Large Closet, Large Window, Laminate
2nd BrMain8.73' x 11.19'Closet Organizers, Sliding Doors, Laminate
3rd BrMain12.04' x 11.19'B/I Shelves, O/Looks Backyard, Laminate
BathroomMain8.69' x 6.33'B/I Shelves, 3 Pc Bath, Tile Floor
FamilyBsmt18.73' x 25.75'Pot Lights, Pantry, Broadloom
KitchenBsmt10.17' x 9.48'Pot Lights, Window, Tile Floor
4th BrBsmt8.83' x 11.75'B/I Closet, Window, Broadloom
5th BrMain14.37' x 15.29'B/I Bookcase, Sliding Doors, Broadloom
BathroomMain10.53' x 5.05'Heated Floor, 3 Pc Bath, Glass Doors
Scarborough Market Statistics
Scarborough Price Trend
7 Montvale Dr is a 3-bedroom 2-bathroom home listed for sale at $1,399,900, which is $43,000 (3.2%) higher than the average sold price of $1,356,900 in the last 30 days (May 26 - June 24). During the last 30 days the average sold price for a 3 bedroom home in Scarborough declined by $74,099 (5.2%) compared to the previous 30 day period (April 26 - May 25) and down $82,315 (5.7%) from the same time one year ago.
Inventory Change
There were 1,227 3-bedroom homes listed in Scarborough over the last 30 days (May 26 - June 24), which is up 8.2% compared with the previous 30 day period (April 26 - May 25) and up 13.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough typically sold $43,701 (3.2%) above asking price over the last 30 days (May 26 - June 24), which represents a $27,099 decrease compared to the previous 30 day period (April 26 - May 25) and $117,344 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 (May 26 - June 24) stood at 51.8%, up from 50.3% over the previous 30 days (April 26 - May 25) and down from 63.1% 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 12 days when successfully sold over the last 30 days (May 26 - June 24), compared to 34 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Experts
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