33 Morgan Ave
Stonegate-Queensway, Etobicoke, M8Y 2Z9
FOR SALE
$1,400,000
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4 + 2
BEDROOMS4
BATHROOMS2 + 2
KITCHENS6 + 4
ROOMSW10431867
MLSIDContact Us
Property Description
Discover this exceptional investment opportunity in the heart of Etobicoke, Toronto! This stunning duplex offers 2 spacious units above ground and a fully finished basement with two additional separate units, making it a lucrative opportunity for savvy investors. Each unit boasts ample natural light, spacious rooms and functional layouts designed for comfortable living. Each unit is designed with comfort and convenience in mind, attracting AAA tenants looking for quality living spaces in a prime location. With a potential rental income of $8000 per month, this property offers a strong return on investment. Additionally, the driveway features ample parking spaces, providing extra income potential. Whether you're an experienced investor or just starting your real estate journey, this property is a rare find that combines location, income potential, and functionality. Don't miss out on this fantastic opportunity to expand your portfolio with a high-demand rental property in Etobicoke.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-15 | 2024-11-20 | 66 | $1,450,000 | - | Terminated |
| 2024-08-06 | 2024-09-15 | 40 | $1,500,000 | - | Terminated |
| 2024-07-05 | 2024-08-04 | 30 | $1,300,000 | - | Terminated |
Extras
All Existing ELFs, All Existing Window Coverings & Blinds, Existing Fridge (2), Existing Stove (2), Existing Washer, Existing Dryer.
Nearby Intersections
Property Features
Library, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
34' x 99'
Fronting
West
Taxes
$5,270 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Lower | 9.84' x 10.63' | Tile Floor, Window |
| Family | Lower | 7.81' x 9.91' | Tile Floor, Window |
| Br | Lower | 9.28' x 11.19' | Ceramic Floor |
| Family | Lower | 10.86' x 12.14' | Ceramic Floor, Window |
| Prim Bdrm | Main | 9.32' x 12.20' | Hardwood Floor, Large Window, Large Window |
| Br | Main | 10.43' x 10.79' | Hardwood Floor, Closet, Window |
| Family | Main | 11.25' x 16.60' | Hardwood Floor, Large Window, Large Window |
| Prim Bdrm | 2nd | 9.15' x 12.30' | Hardwood Floor, Closet, Window |
| Br | 2nd | 10.63' x 10.66' | Hardwood Floor, Closet, Window |
| Family | 2nd | 11.22' x 16.57' | Hardwood Floor, Large Window, Large Window |
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Etobicoke Market Statistics
Etobicoke Price Trend
33 Morgan Ave is a 4-bedroom 4-bathroom home listed for sale at $1,400,000, which is $451,354 (24.4%) lower than the average sold price of $1,851,354 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 4 bedroom home in Etobicoke declined by $114,988 (5.8%) compared to the previous 30 day period (September 24 - October 23) and down $124,716 (6.3%) from the same time one year ago.Inventory Change
There were 497 4-bedroom homes listed in Etobicoke over the last 30 days (October 24 - November 22), which is down 28.4% compared with the previous 30 day period (September 24 - October 23) and up 8.8% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Etobicoke typically sold ($36,285) (2.0%) below asking price over the last 30 days (October 24 - November 22), which represents a $10,699 decrease compared to the previous 30 day period (September 24 - October 23) and ($65,210) 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 Etobicoke over the last 30 days (October 24 - November 22) stood at 54.9%, up from 45.5% over the previous 30 days (September 24 - October 23) and up from 51.6% 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 Etobicoke stood at 24 days when successfully sold over the last 30 days (October 24 - November 22), compared to 51 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Flower City Realty
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