6415 Kingston Rd

FOR SALE
$1
6415 Kingston Rd, Scarborough
6415 Kingston Rd
6415 Kingston Rd
6415 Kingston Rd
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3 + 1
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
7 + 3
ROOMS
E10416978
MLSID
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Property Description
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.
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.
Nearby Intersections
Property Features
Ravine, River/Stream
Property Details
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
Scarborough Market Statistics
Scarborough Price Trend
6415 Kingston Rd is a 3-bedroom 3-bathroom home listed for sale at $1, which is $1,337,094 (100.0%) 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 3-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 Keller Williams Advantage Realty
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