14 & 16 Skey Lane
Trinity-Bellwoods, Toronto, M6J 3S4
FOR SALE
$3,995,000
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2
BEDROOMS4
BATHROOMS3
KITCHENS8
ROOMSC9245042
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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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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-03-21 | 2024-07-17 | 118 | $4,895,000 | - | Expired |
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 $3,995,000, which is $2,883,926 (259.6%) higher than the average sold price of $1,111,074 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom home in Toronto declined by $80,620 (6.8%) compared to the previous 30 day period (September 21 - October 20) and up $1,466 (0.1%) from the same time one year ago.Inventory Change
There were 148 2-bedroom homes listed in Toronto over the last 30 days (October 21 - November 19), which is down 33.0% compared with the previous 30 day period (September 21 - October 20) and down 6.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Toronto typically sold ($5,553) (0.5%) below asking price over the last 30 days (October 21 - November 19), which represents a $12,321 decrease compared to the previous 30 day period (September 21 - October 20) and $7,439 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 (October 21 - November 19) stood at 83.8%, up from 46.2% over the previous 30 days (September 21 - October 20) and up from 66.7% 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 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 50 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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