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Property Description
Prime development opportunity on Kingston Rd! This 120 x 130 ft lot (15,600 sq. ft.) offers immense potential for investors, developers, and builders.Located in a high-growth area, this property is zoned RD, permitting a wide range of uses beyond residential, including community centres, day nurseries, group homes, laneway suites, libraries, places of worship, private home daycares, secondary suites, short-term rentals, transportation uses, and more.With new city street studies in progress and high-rise developments getting approved along major streets in Scarborough, this site presents a rare opportunity for future intensification. Dont miss out on this prime location with flexible zoning and future growth potential. Do not walk the lot or knock on the door without an appointment.
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Nearby Intersections
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
120' x 130'
Fronting
North
Taxes
$4,599 (2024)
Basement
Other
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Garage Type
None
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Toronto Market Statistics
Toronto Price Trend
2906 -2910 Kingston Rd is a 3-bedroom 3-bathroom home listed for sale at $3,999,000, which is $2,706,402 (209.4%) higher 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 Toronto increased by $71,412 (5.8%) compared to the previous 30 day period (December 22 - January 20) and down $8,210 (0.6%) from the same time one year ago.Inventory Change
There were 676 3-bedroom homes listed in Toronto over the last 30 days (January 21 - February 19), which is up 105.5% compared with the previous 30 day period (December 22 - January 20) and up 23.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Toronto 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 Toronto 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 Toronto 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 Johnston & Green Real Estate Ltd.
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