897 Victoria Park Ave

FOR SALE
$789,000
897 Victoria Park Ave, Scarborough
897 Victoria Park Ave
897 Victoria Park Ave
897 Victoria Park Ave
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
3
ROOMS
E8253880
MLSID
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Property Description
Attention Builders/Contractors/Renovators/Developers, this bungalow is ready to be torn down and replaced by a new custom home. Steps To TTC Bus, School, Park. Some infill activity already in the neighbourhood. Sold Under Power Of Sale Therefore As Is/Where Is Without Any Warranties From The Seller. Buyers To Verify And Satisfy Themselves Re: All Information.
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Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
40' x 106'
Fronting
East
Taxes
$3,351 (2024)
Basement
Crawl Space
Exterior
Alum Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
Scarborough Market Statistics
Scarborough Price Trend
897 Victoria Park Ave is a 2-bedroom 1-bathroom home listed for sale at $789,000, which is $321,719 (29.0%) lower than the average sold price of $1,110,719 in the last 30 days (April 2 - May 1). During the last 30 days the average sold price for a 2 bedroom home in Scarborough declined by $53,945 (4.6%) compared to the previous 30 day period (March 3 - April 1) and down $273,229 (19.7%) from the same time one year ago.
Inventory Change
There were 235 2-bedroom homes listed in Scarborough over the last 30 days (April 2 - May 1), which is up 65.5% compared with the previous 30 day period (March 3 - April 1) and up 47.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold $87,522 (7.9%) above asking price over the last 30 days (April 2 - May 1), which represents a $5,803 increase compared to the previous 30 day period (March 3 - April 1) and $253,854 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 (April 2 - May 1) stood at 63.4%, down from 69.7% over the previous 30 days (March 3 - April 1) and down from 68.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Scarborough stood at 12 days when successfully sold over the last 30 days (April 2 - May 1), compared to 41 days before being removed from the market upon being suspended or terminated.
Listing contracted with Right At Home Realty
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