6244 Kingston Rd

FOR SALE
$2,350,000
6244 Kingston Rd, Scarborough
6244 Kingston Rd
6244 Kingston Rd
6244 Kingston Rd
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2
BEDROOMS
2
BATHROOMS
1
KITCHENS
5
ROOMS
E9397353
MLSID
Contact Us
Property Description
Great Rental Apt Development Opportunity In The Dynamic Highland Creek Community! Great opportunity to create Rental unit with no SPA and Development fee. Get the permit and have 100% construction loan From CMHC(Some condition Applies).At the final after occupancy you can have mortgage from CMHC with 2% less than the market rate and be owner with $ 0 on the property. Great investment property. Its a an ATM machine.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-06-25 2024-09-21 88 $1,850,000 - Expired
2024-04-23 2024-06-24 62 $1,850,000 - Terminated
Extras
The House is livable. Showing available with offer.
Property Details
Property Type
Detached, Bungalow
Lot Size
113' x 251'
Fronting
North
Taxes
$5,024 (2023)
Basement
Part Fin, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Oil
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Circular
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain21.98' x 10.99'Hardwood Floor, Granite Counter, Backsplash
DiningMain21.98' x 10.99'Hardwood Floor, Window, Combined W/Kitchen
LivingMain18.04' x 11.48'Hardwood Floor, Large Window
Prim BdrmMain10.01' x 10.99'Hardwood Floor, Window
2nd BrMain11.98' x 10.99'Hardwood Floor, Window
3rd BrMain14.99' x 10.99'Hardwood Floor, Window
Scarborough Market Statistics
Scarborough Price Trend
6244 Kingston Rd is a 2-bedroom 2-bathroom home listed for sale at $2,350,000, which is $1,238,926 (111.5%) higher 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 2-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 Re/Max Realtron Realty Inc.
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