159 Cowan Ave

FOR SALE
$1,995,000
159 Cowan Ave, Toronto
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
159 Cowan Ave
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6 + 1
BEDROOMS
6
BATHROOMS
5 + 1
KITCHENS
14 + 3
ROOMS
W8469740
MLSID
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Property Description
Excellent Investment Property with 6 Renovated Suites / South Parkdale Estate Sale / Shows very well / 3 Storey Detached Brick 4,445 Square Feet plus 1,665 Square Feet in basement / Large 27 by 173.25 feet lot / Huge 2 Bedroom Suite with 1,115 Sq Ft and 368 Sq Ft Deck on 3rd Floor / Two Large One Bdrm Suites and Three Junior One Bdrm Suites / 2024 Exterior and Interior Renovations and Landscaping / Two Suites to be provided Vacant including: Large 2 Bdrm Suite and Junior 1 Bdrm Suite. One Large 1 Bdrm Suite has signed N 11 for September 30. New Roof in 2018 / 2 Hot Water Tanks in 2023 / Electronic Light Sensors in 2023 /Medeco Lock System 2022 / $ 100,000 + Gross Income / $ 70,000 + Net Income. Significant "Upside" in Rents. Floor Plans, Income Statement and Survey are attached
Extras
Narrow Private Driveway for access to the Rear of the property Surface / Parking in front of the property / Main Floor Measurements are very similar to Second Floor.
Property Details
Street
Property Type
Detached, 3-Storey
Lot Size
27' x 173'
Fronting
East
Taxes
$9,334 (2023)
Basement
Apartment, Full
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
Living3rd13.78' x 24.28'
Kitchen3rd9.51' x 19.69'Skylight
Prim Bdrm3rd9.84' x 18.04'W/O To Sundeck
2nd Br3rd9.84' x 11.81'
Living2nd17.06' x 18.04'
Kitchen2nd9.84' x 15.09'
Br2nd12.47' x 13.12'
Kitchen2nd13.12' x 13.45'
Br2nd13.12' x 13.78'
KitchenBsmt13.45' x 14.44'Combined W/Living
LivingBsmt13.45' x 14.44'Combined W/Kitchen
BrBsmt9.19' x 13.45'
Toronto Market Statistics
Toronto Price Trend
159 Cowan Ave is a 6-bedroom 6-bathroom home listed for sale at $1,995,000, which is $401,000 (16.7%) lower than the average sold price of $2,396,000 in the last 30 days (June 7 - July 6). During the last 30 days the average sold price for a 6 bedroom home in Toronto declined by $470,618 (16.4%) compared to the previous 30 day period (May 8 - June 6) and down $698,392 (22.6%) from the same time one year ago.
Inventory Change
There were 41 6-bedroom homes listed in Toronto over the last 30 days (June 7 - July 6), which is down 12.8% compared with the previous 30 day period (May 8 - June 6) and up 20.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
6-bedroom homes in Toronto typically sold ($14,130) (0.6%) below asking price over the last 30 days (June 7 - July 6), which represents a $86,310 increase compared to the previous 30 day period (May 8 - June 6) and ($150,933) 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 6-bedroom homes in Toronto over the last 30 days (June 7 - July 6) stood at 31.7%, down from 31.9% over the previous 30 days (May 8 - June 6) and down from 67.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 6-bathroom home in Toronto stood at 14 days when successfully sold over the last 30 days (June 7 - July 6), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Prime Properties - Unique Group
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