6415 Kingston Rd
Centennial Scarborough, Scarborough, M1C 1L2
FOR SALE
$6,500,000
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Property Description
**Priced to Sell** Fully assembled property in a highly sought-after location, offering exceptional potential for redevelopment into multi-family apartment or retirement living. Strategic location situated on a busy street ensuring each access to public transportation and assessibility. Perfect for developers looking for a promising, supported and high return project. **Motivated Seller** **EXTRAS** Drawings for two retirement home buildings with a potential for 300 units on 2.5acres land. 6405 and 6415 Kingston Rd being sold together.
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Nearby Intersections
Property Features
Ravine, River/Stream
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
110' x 173'
Fronting
South
Taxes
$5,522 (2024)
Basement
Finished
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
Attached
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Scarborough Market Statistics
Scarborough Price Trend
6415 Kingston Rd is a 3-bedroom 3-bathroom home listed for sale at $6,500,000, which is $5,207,402 (402.9%) 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 Scarborough increased by $71,412 (5.8%) compared to the previous 30 day period (December 22 - January 20) and down $8,210 (0.6%) from the same time one year ago.Inventory Change
There were 676 3-bedroom homes listed in Scarborough over the last 30 days (January 21 - February 19), which is up 105.5% compared with the previous 30 day period (December 22 - January 20) and up 23.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough 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 Scarborough 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 Scarborough 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 Keller Williams Advantage Realty
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