38 Cresthaven Dr E
Hillcrest Village, North York, M2H 1M1
FOR SALE
$1,688,000
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3 + 2
BEDROOMS4
BATHROOMS1
KITCHENS9
ROOMSC8248040
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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.
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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
Midland & Kingston (54)
Kennedy & Kingston (21)
Property Features
Clear View, Fenced Yard, Hospital, Library, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Detached, Backsplit 3
Approximate Sq.Ft.
1100-1500
Lot Size
55' x 120'
Fronting
South
Taxes
$5,710 (2023)
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
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Prim Bdrm | Upper | 11.48' x 9.25' | 4 Pc Ensuite, Laminate, O/Looks Park |
| 2nd Br | Upper | 8.99' x 14.99' | , Laminate, O/Looks Park |
| 3rd Br | Upper | 10.01' x 10.56' | 2 Pc Bath, Laminate, Double Closet |
| 4th Br | Lower | 8.99' x 10.99' | , Laminate, Above Grade Window |
| 5th Br | Lower | 8.20' x 10.24' | , Laminate, Above Grade Window |
| Kitchen | Ground | 9.22' x 12.01' | Above Grade Window, O/Looks Garden, W/O To Garden |
| Living | Ground | 8.99' x 14.99' | Large Window, O/Looks Park, Laminate |
| Dining | Ground | 9.78' x 9.84' | Crown Moulding, Laminate |
| Family | Lower | 7.81' x 16.47' | Laminate |
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North York Market Statistics
North York Price Trend
38 Cresthaven Dr E is a 3-bedroom 4-bathroom home listed for sale at $1,688,000, which is $299,127 (21.5%) higher than the average sold price of $1,388,873 in the last 30 days (April 1 - April 30). During the last 30 days the average sold price for a 3 bedroom home in North York increased by $36,470 (2.7%) compared to the previous 30 day period (March 2 - March 31) and down $5,228 (0.4%) from the same time one year ago.Inventory Change
There were 1,050 3-bedroom homes listed in North York over the last 30 days (April 1 - April 30), which is up 41.5% compared with the previous 30 day period (March 2 - March 31) and up 43.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in North York typically sold $76,049 (5.5%) above asking price over the last 30 days (April 1 - April 30), which represents a $10,182 decrease compared to the previous 30 day period (March 2 - March 31) and $85,149 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 (April 1 - April 30) stood at 62.2%, down from 73.5% over the previous 30 days (March 2 - March 31) and down from 74.7% 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 12 days when successfully sold over the last 30 days (April 1 - April 30), compared to 35 days before being removed from the market upon being suspended or terminated.Listing contracted with Zen Home Realty
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