187 Fern Ave
Roncesvalles, Toronto, M6R 1K2
FOR SALE
$2,499,900
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5 + 2
BEDROOMS5
BATHROOMS5
KITCHENS12
ROOMSW9507605
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Property Description
Welcome to 187 Fern Ave, located in the trendy Roncesvalles neighbourhood in Toronto. Only a 10 minute walk to High Park, steps from the local school and all amenities. An amazing investment opportunity - this multi-residential property (5 suites) includes 4 separate units PLUS a detached studio laneway suite. Newly renovated throughout - each unit has its own laundry (washer & dryer combo) and a full kitchen. Updates include; New furnace New roof, skylights, fascia, soffits & eaves, New flat roof & skylight on the laneway suite, In-suite laundry in each unit (high-end combination washer/dryer) New exterior siding, New fence surrounding the backyard, Freshly painted throughout, 100 amp panel (in each unit).
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-16 | 2024-10-23 | 37 | $2,700,000 | - | Terminated |
| 2022-06-16 | 2022-11-11 | 148 | $1,475,000 | $1,325,000 | Sold |
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Multiplex, 2 1/2 Storey
Approximate Sq.Ft.
2000-2500
Lot Size
23' x 117'
Acreage
< .50
Fronting
South
Taxes
$7,900 (2023)
Basement
Apartment, Sep Entrance
Exterior
Brick, Metal/Side
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
1
Driveway
Lane
Garage Type
None
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Toronto Market Statistics
Toronto Price Trend
187 Fern Ave is a 5-bedroom 5-bathroom home listed for sale at $2,499,900, which is $440,528 (15.0%) lower than the average sold price of $2,940,428 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 5 bedroom home in Toronto increased by $154,872 (5.6%) compared to the previous 30 day period (September 21 - October 20) and up $283,513 (10.7%) from the same time one year ago.Inventory Change
There were 115 5-bedroom homes listed in Toronto over the last 30 days (October 21 - November 19), which is down 30.3% compared with the previous 30 day period (September 21 - October 20) and up 21.1% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Toronto typically sold ($110,325) (3.8%) below asking price over the last 30 days (October 21 - November 19), which represents a $41,069 decrease compared to the previous 30 day period (September 21 - October 20) and ($117,415) 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 (October 21 - November 19) stood at 60.9%, up from 31.5% over the previous 30 days (September 21 - October 20) and up from 36.8% 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 31 days when successfully sold over the last 30 days (October 21 - November 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Edge Realty
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