5 Willowlea Dr

FOR SALE
$1,249,000
5 Willowlea Dr, Scarborough
5 Willowlea Dr
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3 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
5 + 2
ROOMS
E10405996
MLSID
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Property Description
Exceptional residential development opportunity in the vibrant Highland Creek Community! Aligning perfectly with Toronto's Expanding Housing Options in Neighborhoods (EHON) Initiative. Positioned as prime development land this property boasts significant potential, making it an ideal investment for developers and investors. Don't miss out on this lucrative prospect! The kitchen is new and renovated with new paint and pot lights throughout.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-05 2024-08-09 35 $999,000 - Terminated
2019-04-12 2019-06-30 79 $795,000 - Expired
2019-04-12 2019-04-13 1 $795,000 $820,000 Sold
Extras
Fridge, Stove, ,Washer, Dryer. All ELF'S.
Nearby Intersections
Property Details
Property Type
Detached, Bungalow
Lot Size
53' x 206'
Acreage
< .50
Fronting
South
Taxes
$4,063 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Private
Garage Type
None
Scarborough Market Statistics
Scarborough Price Trend
5 Willowlea Dr is a 3-bedroom 2-bathroom home listed for sale at $1,249,000, which is $88,095 (6.6%) lower than the average sold price of $1,337,095 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 3 bedroom home in Scarborough increased by $3,246 (0.2%) compared to the previous 30 day period (September 23 - October 22) and up $75,749 (6.0%) from the same time one year ago.
Inventory Change
There were 868 3-bedroom homes listed in Scarborough over the last 30 days (October 23 - November 21), which is down 10.0% compared with the previous 30 day period (September 23 - October 22) and up 7.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough typically sold ($10,360) (0.8%) below asking price over the last 30 days (October 23 - November 21), which represents a $16,325 decrease compared to the previous 30 day period (September 23 - October 22) and ($1,152) 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 (October 23 - November 21) stood at 69.1%, up from 63.9% over the previous 30 days (September 23 - October 22) and up from 52.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Scarborough stood at 20 days when successfully sold over the last 30 days (October 23 - November 21), compared to 48 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Ace Realty Inc.
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