49 Gemshaw Cres

FOR SALE
$1,500,000
49 Gemshaw Cres, Scarborough
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
49 Gemshaw Cres
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3 + 8
BEDROOMS
5
BATHROOMS
1 + 2
KITCHENS
7 + 9
ROOMS
E8321250
MLSID
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Property Description
2 Houses for 1! Stunning detached 2 storey home nestled on a premium lot. This home features open concept kitchen & dining room w/ custom cabinets and an island. The office on the main floor is perfect for those who work from home or convert it to an extra bedroom. The second floor boasts4 good sized bedrooms with ample closet space. The large primary bedroom features a walk-in closet and 4 piece spa like ensuite w/ a jacuzzi tub. Soak your cares away. The basement is fully renovated with a 2 bedroom in law suite and a separate entrance. Laminate floors through out, quartz countertops. Brand new never lived in 2 bedroom Garden Suite built in 2024. No expense was spared on this second house with laminate floors, quartz countertops, S/S appliances and pot lights. Occupancy permits available for the Garden Suite. Perfect for renters, adult kids, or aging parents. House was extended in 2007 via. permits. Basement is tenanted.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-04-04 2023-07-03 91 $1,499,000 - Expired
2023-04-04 2023-07-03 92 $1,499,000 - Expired
Extras
Newer deck. Leaf filter roof system 2021, water filter 2021. This property is perfect for multigenerational families, investors, or home owners who want to lower their mortgage with renters.
Nearby Intersections
Property Details
Community
Property Type
Detached, 2-Storey
Lot Size
42' x 163'
Acreage
< .50
Fronting
South
Taxes
$3,691 (2023)
Basement
Apartment, Finished
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
Scarborough Market Statistics
Scarborough Price Trend
49 Gemshaw Cres is a 3-bedroom 5-bathroom home listed for sale at $1,500,000, which is $222,941 (17.5%) higher than the average sold price of $1,277,059 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 3 bedroom home in Scarborough declined by $11,079 (0.9%) compared to the previous 30 day period (July 20 - August 18) and down $55,861 (4.2%) from the same time one year ago.
Inventory Change
There were 935 3-bedroom homes listed in Scarborough over the last 30 days (August 19 - September 17), which is up 44.5% compared with the previous 30 day period (July 20 - August 18) and up 15.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough typically sold $6,433 (0.5%) above asking price over the last 30 days (August 19 - September 17), which represents a $6,730 decrease compared to the previous 30 day period (July 20 - August 18) and $37,194 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 (August 19 - September 17) stood at 42.2%, down from 58.4% over the previous 30 days (July 20 - August 18) and down from 42.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 5-bathroom home in Scarborough stood at 20 days when successfully sold over the last 30 days (August 19 - September 17), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife/Vision Realty Inc.
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