$699,999
For sale: Detached

Attention builders, investors, and contractors! Exceptional development opportunity in the prestigious Cliffcrest community, south of Kingston Rd. This fully serviced residential lot is approved and ready for development in a sought-after, family-oriented neighbourhood. A rare opportunity to build a custom home in an area surrounded by upscale residences. Building permits are expected on or before closing for a custom home of approximately 2,745 sq. ft., featuring 4+2 bedrooms and 5 washrooms. Ideally located next to R.H. King Academy, Fairmount Public School, the Scarborough Bluffs, and numerous local amenities, this offering is perfect for builders seeking their next signature project or investors looking for a turnkey development in one of Scarborough's most desirable communities.
Sold data
Detached homes in Toronto (Cliffcrest) took a median of 16 days to sell over the last 90 days, with the quickest quarter selling within 8 days and the slowest quarter taking more than 31, across 2,143 recorded sales.
The median sale price was $1,248,900.
Homes sold for about 2.7% below asking on average, so there was room to negotiate.
About 28% of sales closed above the list price.
Around 11% of sellers reduced their price before finding a buyer.
Based on 2,143 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Cliffcrest) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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