1925 Lawrence Ave W
Weston, North York, M9N 1G8
FOR SALE
$5,225,000
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8 + 4
BEDROOMS12
BATHROOMS4 + 4
KITCHENS12 + 8
ROOMSW11946459
MLSIDContact Us
Property Description
Take advantage of CMHC multifamily financing offering assumable 50 year amortized mortgage, estimated 81% loan-to-value and 3.8% rate. This brand new legal 8 unit project offers estimated gross rents of $259,200 per year. The property features eight separately self-contained units, all with private entrances, separate utilities, and in-unit laundry. Top-floor units consist of 2 bedrooms plus den, 2 bathrooms (1 ensuite) and walk-out balconies. Main-floor units offer 2 bedrooms, 2 bathrooms (1 ensuite) with large storage room and rear balcony. Lower floors consist of two 1-bedroom, 1-bathroom units. Rear lower units include private patios. All units feature custom kitchens, stainless steel appliances, high-efficiency HVAC systems and open-concept designs. Located a short distance from downtown Toronto, the property provides quick access to the Highway 400 series, restaurants, shopping and just a short walk to the Weston GO Station. Estimated financials available upon request. Anticipated March 2025 completion. **EXTRAS** Builder Warranty Included. Exterior Picture is Rendering. Interior Photos are of Similar Property.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-07-04 | 2022-08-31 | 58 | $849,000 | $825,000 | Sold |
Nearby Intersections
Jane & Lawrence (18)
Property Features
Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Lot Size
80' x 99'
Fronting
South
Basement
Fin W/O, Sep Entrance
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Lane
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Upper | 13.12' x 22.11' | Combined W/Dining, Combined W/Kitchen |
| 2nd Br | Upper | 8.10' x 10.01' | |
| Prim Bdrm | Upper | 12.30' x 10.60' | |
| Den | Upper | 3.12' x 5.41' | |
| 2nd Br | Main | 8.10' x 10.01' | |
| Prim Bdrm | Main | 12.30' x 10.60' | |
| Living | Main | 13.12' x 23.00' | Combined W/Dining, Combined W/Kitchen |
| Prim Bdrm | Lower | 8.07' x 9.51' | |
| Living | Lower | 16.99' x 9.65' | Combined W/Dining, Combined W/Kitchen |
| Prim Bdrm | Lower | 8.30' x 8.10' | |
| Living | Lower | 16.99' x 8.20' | Combined W/Dining, Combined W/Kitchen |
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North York Market Statistics
North York Price Trend
1925 Lawrence Ave W is a 8-bedroom 12-bathroom home listed for sale at $5,225,000, which is $3,696,667 (241.9%) higher than the average sold price of $1,528,333 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 8 bedroom home in North York increased by $164,833 (12.1%) compared to the previous 30 day period (December 22 - January 20) and up $340,833 (28.7%) from the same time one year ago.Inventory Change
There were 9 8-bedroom homes listed in North York over the last 30 days (January 21 - February 19), which is down 0.0% compared with the previous 30 day period (December 22 - January 20) and up 80.0% compared with the same period last year.Sold Price Above/Below Asking ($)
8-bedroom homes in North York typically sold $36,000 (2.4%) above asking price over the last 30 days (January 21 - February 19), which represents a $97,443 increase compared to the previous 30 day period (December 22 - January 20) and ($93,950) 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 8-bedroom homes in North York over the last 30 days (January 21 - February 19) stood at 33.3%, up from 22.2% over the previous 30 days (December 22 - January 20) and down from 40.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 8-bedroom 12-bathroom home in North York stood at 47 days when successfully sold over the last 30 days (January 21 - February 19), compared to 124 days before being removed from the market upon being suspended or terminated.Listing contracted with Sotheby's International Realty Canada
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