801 Midland Ave

FOR SALE
$1
801 Midland Ave, Scarborough
801 Midland Ave
801 Midland Ave
801 Midland Ave
801 Midland Ave
801 Midland Ave
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3 + 1
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
7
ROOMS
E9376116
MLSID
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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!
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
Property Details
Community
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
Scarborough Market Statistics
Scarborough Price Trend
801 Midland Ave is a 3-bedroom 3-bathroom home listed for sale at $1, which is $1,344,481 (100.0%) lower than the average sold price of $1,344,482 in the last 30 days (November 2 - December 1). During the last 30 days the average sold price for a 3 bedroom home in Scarborough increased by $43,279 (3.3%) compared to the previous 30 day period (October 3 - November 1) and up $92,667 (7.4%) from the same time one year ago.
Inventory Change
There were 780 3-bedroom homes listed in Scarborough over the last 30 days (November 2 - December 1), which is down 16.3% compared with the previous 30 day period (October 3 - November 1) and up 4.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough typically sold ($8,367) (0.6%) below asking price over the last 30 days (November 2 - December 1), which represents a $10,119 decrease compared to the previous 30 day period (October 3 - November 1) and ($4,567) 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 (November 2 - December 1) stood at 68.7%, up from 65.8% over the previous 30 days (October 3 - November 1) and up from 55.1% 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 20 days when successfully sold over the last 30 days (November 2 - December 1), compared to 50 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Associates Realty
Similar Listings
799 Midland Ave, Scarborough
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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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