218 Wright Ave

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218 Wright Ave, Toronto
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5 + 2
BEDROOMS
4
BATHROOMS
3 + 1
KITCHENS
13 + 5
ROOMS
W8322354
MLSID
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Property Description
Don't miss this exceptional chance to own a detached Edwardian building with four units in the peaceful yet vibrant Roncesvalles Village. Perfectly located, this property is just a short walk from charming shops and eateries. It has been owned and meticulously maintained by the same owner for over 30 years, with each apartment showcasing the distinctive charm of its era. The building includes three spacious two-bedroom units and one one-bedroom unit, all of which are above grade and feature either a balcony or porch. Each apartment has its own meter, plus there's an additional meter for the common areas. The property also features a detached three-car garage, offering great potential for converting it into a garden suite apartment.
Property Features
Place Of Worship, Public Transit, School
Property Details
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
32' x 118'
Lot Irregularities
Widens To 37.75
Fronting
North
Taxes
$9,914 (2023)
Basement
Apartment
Exterior
Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Mutual
Garage Type
Detached
Toronto Market Statistics
Toronto Price Trend
218 Wright Ave is a 5-bedroom 4-bathroom home listed for sale at $1,899,000, which is $882,008 (31.7%) lower than the average sold price of $2,781,008 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 5 bedroom home in Toronto increased by $198,249 (7.7%) compared to the previous 30 day period (March 15 - April 13) and down $154,254 (5.3%) from the same time one year ago.
Inventory Change
There were 222 5-bedroom homes listed in Toronto over the last 30 days (April 14 - May 13), which is up 113.5% compared with the previous 30 day period (March 15 - April 13) and up 52.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Toronto typically sold $39,350 (1.4%) above asking price over the last 30 days (April 14 - May 13), which represents a $41,775 increase compared to the previous 30 day period (March 15 - April 13) and $49,535 less 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 (April 14 - May 13) stood at 28.4%, down from 51.9% over the previous 30 days (March 15 - April 13) and down from 51.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Toronto stood at 15 days when successfully sold over the last 30 days (April 14 - May 13), compared to 46 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Batori Group Inc.
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