22 Homewood Ave
Newtonbrook West, North York, M2M 1J9
FOR SALE
$2,650,000
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Property Description
Attention Investors, Builders, and Developers! Re-Development Opportunity at Prime Location Steps to Yonge St. in the Heart of North York to Assemble and Develop a Mixed-Use Project. Multiple Adjacent lots are available for land assembly. Potential to add up to approx. 105,000 sq.ft* (currently 26,400 sq.ft) of land for a future Mid-rise Condo or Townhouses or a Premium Rental Building. Prime Location First Block inside Yonge St. Do Not Go Direct! Please book an appointment to walk the property only.
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Extras
Property Part of a Future Land Assembly. Tremendous Development Opportunity Steps to Yonge St. in North York!
Nearby Intersections
Yonge & Finch (333)
Yonge & Steeles (224)
Property Features
Level, Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
50' x 132'
Fronting
North
Taxes
$6,330 (2024)
Basement
Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 11.38' x 14.60' | Hardwood Floor |
Dining | Main | 9.81' x 11.42' | Hardwood Floor |
Kitchen | Main | 8.89' x 11.25' | W/O To Yard |
Prim Bdrm | Main | 11.25' x 11.91' | Hardwood Floor, Closet |
2nd Br | 2nd | 10.47' x 11.25' | Hardwood Floor, Closet |
3rd Br | 2nd | 10.24' x 11.29' | Hardwood Floor, Closet |
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North York Market Statistics
North York Price Trend
22 Homewood Ave is a 4-bedroom 1-bathroom home listed for sale at $2,650,000, which is $793,914 (42.8%) higher than the average sold price of $1,856,086 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 4 bedroom home in North York declined by $111,496 (5.7%) compared to the previous 30 day period (September 23 - October 22) and down $100,722 (5.1%) from the same time one year ago.Inventory Change
There were 526 4-bedroom homes listed in North York over the last 30 days (October 23 - November 21), which is down 21.6% compared with the previous 30 day period (September 23 - October 22) and up 9.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in North York typically sold ($34,194) (1.8%) below asking price over the last 30 days (October 23 - November 21), which represents a $6,080 decrease compared to the previous 30 day period (September 23 - October 22) and ($60,508) 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 4-bedroom homes in North York over the last 30 days (October 23 - November 21) stood at 54.8%, up from 46.3% over the previous 30 days (September 23 - October 22) and up from 48.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 1-bathroom home in North York stood at 23 days when successfully sold over the last 30 days (October 23 - November 21), compared to 50 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife Eagle Realty Inc.
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