801 Midland Ave
Kennedy Park, Scarborough, M1K 4E8
FOR SALE
$1
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3 + 1
BEDROOMS3
BATHROOMS1 + 1
KITCHENS7
ROOMSE9376116
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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 |
|---|---|---|---|---|---|
| 2024-10-03 | 2024-10-29 | 26 | $1,700 | - | Terminated |
Nearby Intersections
Midland & Finch (4)
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
47' x 138'
Acreage
< .50
Fronting
West
Taxes
$3,460 (2024)
Basement
Finished, Walk-Up
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Scarborough Market Statistics
Scarborough Price Trend
801 Midland Ave is a 3-bedroom 3-bathroom home listed for sale at $1, which is $1,292,597 (100.0%) lower than the average sold price of $1,292,598 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Scarborough increased by $71,412 (5.8%) compared to the previous 30 day period (December 22 - January 20) and down $8,210 (0.6%) from the same time one year ago.Inventory Change
There were 676 3-bedroom homes listed in Scarborough over the last 30 days (January 21 - February 19), which is up 105.5% compared with the previous 30 day period (December 22 - January 20) and up 23.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough typically sold $27,264 (2.1%) above asking price over the last 30 days (January 21 - February 19), which represents a $35,980 increase compared to the previous 30 day period (December 22 - January 20) and $32,657 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 (January 21 - February 19) stood at 52.8%, down from 53.2% over the previous 30 days (December 22 - January 20) and down from 73.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Scarborough stood at 22 days when successfully sold over the last 30 days (January 21 - February 19), compared to 55 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Associates Realty
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