12 Scarlett Rd
Rockcliffe-Smythe, Toronto, M6N 4K1
FOR SALE
$1,480,000
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BEDROOMS4
BATHROOMS3
KITCHENS6
ROOMSW8145642
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Property Description
Excellent Mixed Use Investment Opportunity With Good Street Exposure And Corner Lot, Rare, Highly Desirable, Self Managed Well Maintained And Efficient Public Transit Access. The Building Is Fully Leased And Newly Renovated Turnkey Investment. Property Has 1 Commercial Store On The Ground Floor (Leased To A Tailor) And 3 Apartments (1bdrm On Ground Floor, 3 Bdrm On Second Floor, 2 Bdrm In Basement). Excellent Access To Dundas Street, Jane Street, St. Clair Avenue West, And Shopping Areas. Gross Rental. Income Is Approx. $93,600 Per Year. Reality Taxes $5,497.07 (2023). Tenants Pay For Utilities, Units Have Separate Hydro Meters. Parking Is Available 5 Spaces.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-04-14 | 2023-05-05 | 21 | $3,000 | $3,000 | Leased |
2021-09-21 | 2022-01-28 | 129 | $1,290,000 | - | Terminated |
2021-04-30 | 2021-06-29 | 60 | $1,390,000 | - | Terminated |
2021-02-07 | 2021-02-09 | 2 | $1,249,900 | $1,100,000 | Sold |
Extras
Carefree And Low Maintenance Mixed Use Commercial/Residential Investment Property. Prices Includes All Appliances, 1 Gas Meter & 3 Hydro Separated Meters, Electrical, 3 Fridges, 3 Stoves, 2 Washer And Dryer.
Nearby Intersections
Scarlett & St Clair (17)
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Property Details
Street
Community
City
Property Type
Detached, 3-Storey
Lot Size
32' x 79'
Fronting
North
Taxes
$5,497 (2023)
Basement
Apartment, Sep Entrance
Exterior
Alum Siding, Stucco/Plaster
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Other
Garage Type
None
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Toronto Market Statistics
Toronto Price Trend
12 Scarlett Rd is a 0-bedroom 4-bathroom home listed for sale at $1,480,000, which is $35,000 (2.4%) higher than the average sold price of $1,445,000 in the last 30 days (March 31 - April 29). During the last 30 days the average sold price for a 0 bedroom home in Toronto increased by $388,460 (36.8%) compared to the previous 30 day period (March 1 - March 30) and down $105,000 (6.8%) from the same time one year ago.Inventory Change
There were 5 0-bedroom homes listed in Toronto over the last 30 days (March 31 - April 29), which is down 16.7% compared with the previous 30 day period (March 1 - March 30) and up 150.0% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom homes in Toronto typically sold ($79,666) (5.5%) below asking price over the last 30 days (March 31 - April 29), which represents a $190,626 decrease compared to the previous 30 day period (March 1 - March 30) and ($225,000) more 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 0-bedroom homes in Toronto over the last 30 days (March 31 - April 29) stood at 60.0%, down from 83.3% over the previous 30 days (March 1 - March 30) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 0-bedroom 4-bathroom home in Toronto stood at 67 days when successfully sold over the last 30 days (March 31 - April 29), compared to 55 days before being removed from the market upon being suspended or terminated.Listing contracted with Vanguard Realty Brokerage Corp.
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