16 Elderwood Dr

FOR SALE
$5,388,000
16 Elderwood Dr, Toronto
16 Elderwood Dr
16 Elderwood Dr
16 Elderwood Dr
16 Elderwood Dr
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5
BEDROOMS
5
BATHROOMS
1
KITCHENS
13
ROOMS
C11972438
MLSID
Contact Us
Property Description
Welcome To 16 Elderwood Drive. A Charming 2 Storey Detached Family Home, Strategically Located In The Prestigious Community Of Forest Hill In The Heart Of Toronto!!! This Executive Gem Sits On Aprox 60 Ft Premium Wide Lot In A Mature Treed & Family Quite Street, Featuring An Over Sized Built-In Car Garage, Double Interlocked Driveway, Spacious 5 Bdrms, 5 Upgraded Baths & Chefs Gourmet Beautiful Kitchen W/Built-In Appliances, Formal Living & Dining Rms W/French Doors & Large Windows, Cozy Family Rm W/Fireplace, Primary Bdrm W/6 Pc Insuite Bath, Hardwood Flrs & Potlights Thru-Out, A Stunning Private Backyard & A Huge Cedar Deck! This Elegant, Sun-Filled & South Facing Property C/W Spacious Finished Basement For Great Entertainment, W/Huge Rec Rm, Fireplace, Full Bath & Separate Entrance. You Don't Want To Miss This Rare Opportunity! Walking Distance To Forest Hill Village, Top-Rated Schools, Parks, Restaurants, Shops & Public Transit.***Truly A Unique Family Home W/Lots Of Potentials!***
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-01-21 2023-03-25 63 $7,980 $7,980 Leased
2023-01-21 2023-03-25 62 $7,980 $7,980 Leased
2022-10-12 2023-01-15 95 $8,500 - Terminated
2022-07-14 2022-09-30 79 $9,000 - Expired
2022-06-28 2022-07-12 14 $9,500 - Terminated
2021-12-14 2022-03-31 108 $8,500 - Expired
2020-03-21 2020-04-18 28 $3,990,000 $3,624,000 Sold
Nearby Intersections
Property Features
Fenced Yard, Park, Place Of Worship, Public Transit, Rec Centre, School
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
60' x 105'
Fronting
South
Taxes
$20,629 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick, Stucco/Plaster
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Built-In
Toronto Market Statistics
Toronto Price Trend
16 Elderwood Dr is a 5-bedroom 5-bathroom home listed for sale at $5,388,000, which is $3,130,260 (138.6%) higher than the average sold price of $2,257,740 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Toronto declined by $417,786 (15.6%) compared to the previous 30 day period (December 22 - January 20) and down $43,645 (1.9%) from the same time one year ago.
Inventory Change
There were 122 5-bedroom homes listed in Toronto over the last 30 days (January 21 - February 19), which is up 71.8% compared with the previous 30 day period (December 22 - January 20) and up 60.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Toronto typically sold ($33,435) (1.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $266,747 increase compared to the previous 30 day period (December 22 - January 20) and ($36,659) 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 5-bedroom homes in Toronto over the last 30 days (January 21 - February 19) stood at 31.1%, up from 26.8% over the previous 30 days (December 22 - January 20) and down from 48.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Toronto stood at 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 79 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Signature Realty
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