309 Birchmount Rd
Birchcliffe-Cliffside, Scarborough, M1N 3K7
FOR SALE
$689,000
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Property Description
Excellent Investment Opportunity That Will Elevate Any Portfolio! Welcome to 309 Birchmount. One of the most desirable neighbourhoods in the Upper Beaches.This detached raised bungalow offers the perfect opportunity with development / investment potential to increase density into a multiplex, four-plex or more. Also build a brand new house with a garden suite. This is a rare opportunity to acquire a fully detached property in a high traffic node. Celebrated by families.This quiet community offers groceries, libraries, elementary and secondary schools within walking distance. Access downtown in 45 minutes with TTC right at your doorstep! Neighbourhood Features Include: Birchmount Community ,Centre, Birchmount Ice Rink, Rosetta McLain Gardens & Immaculate Heart of Mary Church.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-01 | 2024-11-19 | 49 | $689,000 | - | Terminated |
Nearby Intersections
Midland & Kingston (90)
Property Features
Arts Centre, Clear View, Hospital, Park, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
25' x 105'
Fronting
East
Taxes
$3,434 (2024)
Basement
Sep Entrance, Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Grnd Srce
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
None
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Scarborough Market Statistics
Scarborough Price Trend
309 Birchmount Rd is a 2-bedroom 1-bathroom home listed for sale at $689,000, which is $422,074 (38.0%) lower than the average sold price of $1,111,074 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom home in Scarborough declined by $80,620 (6.8%) compared to the previous 30 day period (September 21 - October 20) and up $1,466 (0.1%) from the same time one year ago.Inventory Change
There were 148 2-bedroom homes listed in Scarborough over the last 30 days (October 21 - November 19), which is down 33.0% compared with the previous 30 day period (September 21 - October 20) and down 6.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Scarborough typically sold ($5,553) (0.5%) below asking price over the last 30 days (October 21 - November 19), which represents a $12,321 decrease compared to the previous 30 day period (September 21 - October 20) and $7,439 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 (October 21 - November 19) stood at 83.8%, up from 46.2% over the previous 30 days (September 21 - October 20) and up from 66.7% 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 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 50 days before being removed from the market upon being suspended or terminated.Listing contracted with Harvey Kalles Real Estate Ltd.
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