838 Danforth Rd

FOR SALE
$1,228,800
838 Danforth Rd, Scarborough
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
838 Danforth Rd
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2 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
8 + 2
ROOMS
E8193278
MLSID
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Property Description
Don't miss this mixed-use property features one primary commercial unit alongside two separate residential units, each with its own separate entrance on Danforth Road. The residential spaces are thoughtfully arranged, with a 2-bedroom apartment upstairs and a 1-bedroom unit in the basement, catering to a variety of living situations. Importantly, this property has the potential to generate approx $7,000 per month, making it a lucrative investment opportunity. Spanning over 3,000 square feet of usable space (including Bmst Appt), the property offers ample room for a variety of uses. Additionally, this property boasts over 8 parking spots and includes a 2-car garage equipped with an updated electrical panel. The serene backyard provides a private space for personal enjoyment. Conveniently located within walking distance to a TTC bus stop.
Nearby Intersections
Property Details
Community
Property Type
Semi-Detached, 2-Storey
Lot Size
40' x 120'
Acreage
< .50
Fronting
North
Taxes
$11,245 (2023)
Basement
Apartment, Sep Entrance
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
Detached
Scarborough Market Statistics
Scarborough Price Trend
838 Danforth Rd is a 2-bedroom 3-bathroom home listed for sale at $1,228,800, which is $137,871 (12.6%) higher than the average sold price of $1,090,929 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 2 bedroom home in Scarborough declined by $72,813 (6.3%) compared to the previous 30 day period (February 29 - March 29) and down $277,807 (20.3%) from the same time one year ago.
Inventory Change
There were 204 2-bedroom homes listed in Scarborough over the last 30 days (March 30 - April 28), which is up 36.9% compared with the previous 30 day period (February 29 - March 29) and up 30.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold $83,605 (7.7%) above asking price over the last 30 days (March 30 - April 28), which represents a $9,558 increase compared to the previous 30 day period (February 29 - March 29) and $248,879 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 (March 30 - April 28) stood at 66.2%, down from 69.1% over the previous 30 days (February 29 - March 29) and down from 74.4% 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 12 days when successfully sold over the last 30 days (March 30 - April 28), compared to 42 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 Leading Edge Realty Inc.
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