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Property Description
Introducing A Prime Severable Lot & Development Opportunity in the highly coveted South Hill community within walking distance to Yonge & St. Clair, great shopping and top-rated schools. The Property includes 257 & 261 Poplar Plains Rd, two side by side single family detached homes each purchased in the 1970s. They have merged into one corner parcel with a combined lot size of 11,880 sq. ft., with 90' frontage on Poplar Plains Rd. and 132' frontage on Lynwood Ave. A Buyer has the option to keep it simple and renovate the two existing homes each with approximately 3000 sq. ft., add to them, change their use, apply for a simple severance into 2-3 lots, build garden suites, build new homes, or pursue an even more ambitious development. Whether you're looking for a multi-generational property with endless potential to renovate, invest, redevelop, or simply capitalize on the property's prime location, this is it. Don't miss out on an opportunity to purchase this exceptional property in one of Toronto's most sought-after neighbourhoods. **EXTRAS** Please refer to the floor plans of both #257 & #261 for the number of rooms and measurements. #261 has a private drive and single garage and #257 has a double garage accessed from Lynwood Avenue.
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Property Features
Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Lot Size
90' x 132'
Lot Irregularities
#261 ARN: 190405435000200
Fronting
East
Taxes
$27,289 (2024)
Basement
Full, Part Fin
Exterior
Brick, Stucco/Plaster
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
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Toronto Market Statistics
Toronto Price Trend
257&261 Poplar Plains Rd is a 6-bedroom 7-bathroom home listed for sale at $6,495,800, which is $4,846,428 (293.8%) higher than the average sold price of $1,649,372 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 6 bedroom home in Toronto declined by $630,628 (27.7%) compared to the previous 30 day period (December 22 - January 20) and down $683,628 (29.3%) from the same time one year ago.Inventory Change
There were 24 6-bedroom homes listed in Toronto over the last 30 days (January 21 - February 19), which is up 41.2% compared with the previous 30 day period (December 22 - January 20) and up 14.3% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Toronto typically sold ($138,427) (8.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $81,573 increase compared to the previous 30 day period (December 22 - January 20) and ($82,500) 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 6-bedroom homes in Toronto over the last 30 days (January 21 - February 19) stood at 20.8%, up from 5.9% over the previous 30 days (December 22 - January 20) and down from 28.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 7-bathroom home in Toronto stood at 73 days when successfully sold over the last 30 days (January 21 - February 19), compared to 94 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Real Estate Services Ltd.
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