799 Midland Ave
Kennedy Park, Scarborough, M1K 4E8
FOR SALE
$1
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2 + 2
BEDROOMS3
BATHROOMS1 + 1
KITCHENS5
ROOMSE9376115
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Property Description
Discover a prime development opportunity at 799 & 801 Midland Ave, ideal for a low-rise 6-storey condominium project. This double-lot property is situated in a vibrant neighbourhood that offers excellent access to public transit, including the new Eglinton Crosstown LRT, which significantly enhances connectivity throughout the city. With nearby shopping, parks, and schools, this location is highly desirable for both young professionals and families. With favourable zoning for low-rise development, the generous lot size allows for innovative design and landscaping. The area is experiencing increasing demand for housing. This is a rare chance to shape the future of this dynamic location and capitalise on Toronto's competitive real estate market. Whether you're a developer or an investor, 799 & 801 Midland Ave presents a promising opportunity!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-09 | 2024-10-01 | 22 | $3,200 | - | Terminated |
Nearby Intersections
Midland & Eglinton (16)
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
33' x 138'
Fronting
West
Taxes
$3,258 (2024)
Basement
Finished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Driveway
Private
Garage Type
Carport
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 32.28' x 53.81' | Hardwood Floor, Large Window |
| Kitchen | Main | 32.28' x 43.04' | Ceramic Floor |
| Br | Main | 43.04' x 32.28' | Hardwood Floor, Window |
| Den | Main | 39.30' x 21.52' | Hardwood Floor, Window |
| Sitting | 2nd | 39.30' x 32.28' | Large Window |
| 2nd Br | 2nd | 53.81' x 32.28' | Closet, Ceiling Fan |
| Kitchen | 2nd | 32.28' x 53.81' | Breakfast Area |
| 3rd Br | Bsmt | 43.04' x 43.04' | |
| 4th Br | Bsmt | 43.04' x 43.04' |
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Scarborough Market Statistics
Scarborough Price Trend
799 Midland Ave is a 2-bedroom 3-bathroom home listed for sale at $1, which is $1,119,526 (100.0%) lower than the average sold price of $1,119,527 in the last 30 days (November 2 - December 1). During the last 30 days the average sold price for a 2 bedroom home in Scarborough declined by $43,153 (3.7%) compared to the previous 30 day period (October 3 - November 1) and up $67,328 (6.4%) from the same time one year ago.Inventory Change
There were 121 2-bedroom homes listed in Scarborough over the last 30 days (November 2 - December 1), which is down 36.3% compared with the previous 30 day period (October 3 - November 1) and down 19.3% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold ($3,796) (0.3%) below asking price over the last 30 days (November 2 - December 1), which represents a $128 decrease compared to the previous 30 day period (October 3 - November 1) and $7,057 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 (November 2 - December 1) stood at 81.8%, up from 64.2% over the previous 30 days (October 3 - November 1) and up from 66.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Scarborough stood at 33 days when successfully sold over the last 30 days (November 2 - December 1), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Associates Realty
Similar Listings
Discover a prime development opportunity at 799 & 801 Midland Ave, ideal for a low-rise 6-storey condominium project. This double-lot property is situated in a vibrant neighbourhood that offers excellent access to public transit, including the new Eglinton Crosstown LRT, which significantly enhances connectivity throughout the city. With nearby shopping, parks, and schools, this location is highly desirable for both young professionals and families. With favourable zoning for low-rise development, the generous lot size allows for innovative design and landscaping. The area is experiencing increasing demand for housing. This is a rare chance to shape the future of this dynamic location and capitalise on Toronto's competitive real estate market. Whether you're a developer or an investor, 799 & 801 Midland Ave presents a promising opportunity!
Call
Fully assembled property in a highly sought-after location, offering exceptional potential for redevelopment into multi-family apartment or retirement living. Strategic location situated on a busy street ensuring each access to public transportation and assessibility. Perfect for developers looking for a promising, supported and high return project.
Call
Fully assembled property in a highly sought-after location, offering exceptional potential for redevelopment into multi-family apartment or retirement living. Strategic location situated on a busy street ensuring each access to public transportation and assessibility. Perfect for developers looking for a promising, supported and high return project.
Call
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