2151 Danforth Ave
East End-Danforth, Scarborough, M4C 1K2
FOR SALE
$6,249,000
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9
BEDROOMS9
BATHROOMS9
KITCHENS43
ROOMSE8252350
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Property Description
Tremendous Long term Investment Strategy In vibrant Danforth and Woodbine Area. 10 Premium Residential Rental units with 1 commercial Tenant. No expense or detail spared. Would make a great addition to any Toronto Portfolio. All units are completely self contained. In-demand location. Steps to Danforth Shopping, Woodbine and Transit.
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Extras
Separate gas and hydro meters.
Nearby Intersections
Danforth & Woodbine (19)
Woodbine & Gerrard (39)
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Lot Size
40' x 100'
Fronting
North
Taxes
$37,748 (2023)
Basement
Unfinished
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
Built-In
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Scarborough Market Statistics
Scarborough Price Trend
2151 Danforth Ave is a 9-bedroom 9-bathroom home listed for sale at $6,249,000, which is $3,408,540 (120.0%) higher than the average sold price of $2,840,460 in the last 30 days (April 2 - May 1). During the last 30 days the average sold price for a 9 bedroom home in Scarborough increased by $240,460 (9.2%) compared to the previous 30 day period (March 3 - April 1) and up $240,460 (9.2%) from the same time one year ago.Inventory Change
There were 15 9-bedroom homes listed in Scarborough over the last 30 days (April 2 - May 1), which is up 200.0% compared with the previous 30 day period (March 3 - April 1) and up 650.0% compared with the same period last year.Sold Price Above/Below Asking ($)
9-bedroom homes in Scarborough typically sold ($154,540) (5.4%) below asking price over the last 30 days (April 2 - May 1), which represents a $59,540 decrease compared to the previous 30 day period (March 3 - April 1) and ($250,000) 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 9-bedroom homes in Scarborough over the last 30 days (April 2 - May 1) stood at 6.7%, down from 20.0% over the previous 30 days (March 3 - April 1) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 9-bedroom 9-bathroom home in Scarborough stood at 28 days when successfully sold over the last 30 days (April 2 - May 1), compared to 60 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Realty Ltd.
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