14 & 16 Skey Lane
Trinity-Bellwoods, Toronto, M6J 3S4
FOR SALE
$4,895,000
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BEDROOMS4
BATHROOMS3
KITCHENS8
ROOMSC8163118
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Property Description
Property is sold together with vacant lot at 17 Skey Lane. RARELY OFFERED OPPORTUNITY! Attention investors and builders, don't miss this amazing opportunity to obtain a three address site in one of Toronto's most desirable neighbourhoods. Offering endless potential for two detached homes, townhouse, or condo development, or eight purpose built rental units PLUS a detached laneway house! Currently 14/16 Skey Lane offers a four-unit multiplex with 100% lot coverage, while 17 Skey Lane (Currently used for parking) directly across the laneway holds a vacant site prime for a detached laneway house with the potential for a parking space. Projected rent roll for purpose built rentals $501,600 per-annum. Information package with zoning studies and financial breakdown available upon request.
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Extras
Desirable location just steps to Trinity Bellwood's park, public transit, excellent restaurants, patios, and shopping.
Nearby Intersections
Property Features
Hospital, Library, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Fourplex, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
50' x 45'
Acreage
< .50
Fronting
North
Taxes
$7,815 (2023)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
None
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Toronto Market Statistics
Toronto Price Trend
14 & 16 Skey Lane is a 2-bedroom 4-bathroom home listed for sale at $4,895,000, which is $3,804,071 (348.7%) higher than the average sold price of $1,090,929 in the last 30 days (March 29 - April 27). During the last 30 days the average sold price for a 2 bedroom home in Toronto declined by $67,423 (5.8%) compared to the previous 30 day period (February 28 - March 28) and down $265,632 (19.6%) from the same time one year ago.Inventory Change
There were 204 2-bedroom homes listed in Toronto over the last 30 days (March 29 - April 27), which is up 31.6% compared with the previous 30 day period (February 28 - March 28) and up 30.8% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Toronto typically sold $83,605 (7.7%) above asking price over the last 30 days (March 29 - April 27), which represents a $9,991 increase compared to the previous 30 day period (February 28 - March 28) and $244,895 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 Toronto over the last 30 days (March 29 - April 27) stood at 66.2%, down from 67.7% over the previous 30 days (February 28 - March 28) and down from 73.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 4-bathroom home in Toronto stood at 12 days when successfully sold over the last 30 days (March 29 - April 27), compared to 42 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Real Estate Services Heaps Estrin Team
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