2333 Gerrard St E

FOR SALE
$1,395,000
2333 Gerrard St E, Scarborough
2333 Gerrard St E
2333 Gerrard St E
2333 Gerrard St E
2333 Gerrard St E
2333 Gerrard St E
2333 Gerrard St E
2333 Gerrard St E
2333 Gerrard St E
2333 Gerrard St E
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4 + 3
BEDROOMS
4
BATHROOMS
4
KITCHENS
15
ROOMS
E11920982
MLSID
Contact Us
Property Description
Masterly designed by ArtHaus Developments and ready to apply for a building permit!! Committee of Adjustment approval has been issued for the construction of a new legal 4-plex building in this high-demand residential location. The property is at the corner of Gerrard and Hannaford, with the building fronting onto Hannaford. 3 - 1+1 or 2 bedroom suites and 1-1 bedroom suite. See Attachments for floor plans of the 4 suite designs. All plans and approvals in the possession of the seller and for which have been paid for in-full will be included. An excellent opportunity for an investor to hit the ground running. Demolition permit (existing house to be removed) and the building permit application are the next steps. Approval for a two car garage has been included in the Committee of Adjustment approval. This property is an excellent prospect for a laneway and/or garden dwelling however the application process for a laneway and/or garden dwelling has not been initiated. **EXTRAS** Should you wish to proceed with the existing design / build company, the buyers are encouraged to contact them directly. The Seller will provide contract details and related information upon request.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-07-14 2023-08-01 18 $3,100 $3,100 Leased
2023-01-19 2023-02-01 13 $949,000 $935,000 Sold
2023-01-12 2023-01-18 6 $999,000 - Terminated
2022-11-24 2022-12-14 20 $999,000 - Terminated
2022-12-15 2023-01-11 27 $999,000 - Terminated
2022-12-15 2023-01-11 27 $999,000 - Terminated
2022-12-15 2023-01-11 27 $999,000 - Terminated
2022-12-15 2023-01-11 27 $999,000 - Terminated
2022-11-29 2022-12-14 15 $999,000 - Terminated
Nearby Intersections
Property Details
Property Type
Detached, 3-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
19' x 151'
Fronting
South
Taxes
$3,820 (2024)
Basement
Apartment
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Detached
Scarborough Market Statistics
Scarborough Price Trend
2333 Gerrard St E is a 4-bedroom 4-bathroom home listed for sale at $1,395,000, which is $480,711 (25.6%) lower than the average sold price of $1,875,711 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Scarborough increased by $183,887 (10.9%) compared to the previous 30 day period (December 22 - January 20) and down $46,763 (2.4%) from the same time one year ago.
Inventory Change
There were 466 4-bedroom homes listed in Scarborough over the last 30 days (January 21 - February 19), which is up 87.9% compared with the previous 30 day period (December 22 - January 20) and up 30.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Scarborough typically sold $7,351 (0.4%) above asking price over the last 30 days (January 21 - February 19), which represents a $37,018 increase compared to the previous 30 day period (December 22 - January 20) and ($17,969) 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 Scarborough over the last 30 days (January 21 - February 19) stood at 38.0%, down from 43.5% over the previous 30 days (December 22 - January 20) and down from 52.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Scarborough stood at 24 days when successfully sold over the last 30 days (January 21 - February 19), compared to 68 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage/J & D Division
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