38 Cresthaven Dr E

FOR SALE
$1,888,000
38 Cresthaven Dr E, North York
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
38 Cresthaven Dr E
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38 Cresthaven Dr E
38 Cresthaven Dr E
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3 + 2
BEDROOMS
4
BATHROOMS
1
KITCHENS
9
ROOMS
C8248040
MLSID
Contact Us
Property Description
Attention families! Incredible opportunity! Conveniently located near top-rated schools & Seneca College, next to Cresthaven PS! Walking distance to Go Train! 2.5 min. walk to TTC Bus Station! Steps to Public Library and Tim Hortons for your morning Coffee. Act fast! Huge Potential in North York, Toronto. Ideal for families or investors not currently qualified for conventional mortgage with assumption of current tenancy agreement & high rental income. Don't miss out on this value-packed easy mortgage qualifier property / redevelopment opportunity in a sought-after neighborhood! Charming, fully renovated 3+2 Bdrm (5 beds in total), 4 Bath side-split with the largest deck in town & amazing outdoor space, ideal for entertaining. Rented fully furnished! Don't miss out! Attention: Investors and developers | Income Property $5,500 monthly rental income + Utilities. Ideal for lower income buyers to qualify for a mortgage to buy now before prices are up to the roof, refinance after the mortgage rates are much down later in 2025. Can build 3 units, each with their own civic address: 1 Tristan Cres, 36 & 38 Cresthaven Drive (without severence). Rebuild 3 units incl. garden suite on sloped lot, setback is less than the current building's widest area which is great! Prime location with new mansions nearby.
Extras
If rebuild, a corner lot with 3m Cresthaven setback, exceeding current wall width enabling a large build of 39.25ft width, typical luxury dimensions when building it facing Tristan CRES. Sold last time in Aug. 2017 (MLS No. C3764302).
Nearby Intersections
Property Features
Clear View, Fenced Yard, Hospital, Library, Park, Public Transit
Property Details
Property Type
Detached, Backsplit 3
Approximate Sq.Ft.
1100-1500
Lot Size
55' x 120'
Fronting
South
Taxes
$6,130 (2024)
Basement
Crawl Space, Finished
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
Prim BdrmUpper11.48' x 9.25'4 Pc Ensuite, Laminate, O/Looks Park
2nd BrUpper8.99' x 14.99', Laminate, O/Looks Park
3rd BrUpper10.01' x 10.56'2 Pc Bath, Laminate, Double Closet
4th BrLower8.99' x 10.99', Laminate, Above Grade Window
5th BrLower8.20' x 10.24', Laminate, Above Grade Window
KitchenGround9.22' x 12.01'Above Grade Window, O/Looks Garden, W/O To Garden
LivingGround8.99' x 14.99'Large Window, O/Looks Park, Laminate
DiningGround9.78' x 9.84'Crown Moulding, Laminate
FamilyLower7.81' x 16.47'Laminate
North York Market Statistics
North York Price Trend
38 Cresthaven Dr E is a 3-bedroom 4-bathroom home listed for sale at $1,888,000, which is $554,254 (41.6%) higher than the average sold price of $1,333,746 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in North York declined by $4,461 (0.3%) compared to the previous 30 day period (September 21 - October 20) and up $49,509 (3.9%) from the same time one year ago.
Inventory Change
There were 888 3-bedroom homes listed in North York over the last 30 days (October 21 - November 19), which is down 13.8% compared with the previous 30 day period (September 21 - October 20) and up 17.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in North York typically sold ($5,371) (0.4%) below asking price over the last 30 days (October 21 - November 19), which represents a $14,114 decrease compared to the previous 30 day period (September 21 - October 20) and $172 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 3-bedroom homes in North York over the last 30 days (October 21 - November 19) stood at 69.0%, up from 54.8% over the previous 30 days (September 21 - October 20) and up from 52.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in North York stood at 20 days when successfully sold over the last 30 days (October 21 - November 19), compared to 48 days before being removed from the market upon being suspended or terminated.
Listing contracted with Zen Home Realty
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