38 Pendeen Ave
Rockcliffe-Smythe, Toronto, M6N 2P3
FOR SALE
$1,299,000
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Property Description
Whether you're a savvy investor, a house hacker, or looking for the perfect home for your family, this legal triplex is calling your name! Featuring three separately metered 2-bedroom units, 38 Pendeen offers a rare opportunity to generate consistent rental income or create a harmonious space for multi-generational living. Investors will love the steady cash flow potential, with all units move-in ready and separately metered for utilities. Homeowners can live comfortably in one unit while off setting expenses with rental income from the others a win-win for your financial future.On-site parking, a double car garage, and centralized laundry add value and convenience for tenants and owners alike. Nestled near picturesque parks and the Humber River Trail Network, this property offers an inviting lifestyle for outdoor enthusiasts. Commuters will appreciate the quick access to major highways, TTC, and essential amenities like shopping centers, grocery stores, and schools.This meticulously maintained property isn't just a home; its a smart financial move. Whether you're looking to grow your investment portfolio or secure your family's future, 38 Pendeen is the turnkey solution you've been waiting for. Dont let this opportunity slip away come see it for yourself and imagine the possibilities! **EXTRAS** *Separately Metered Units * Coin Operated Laundry * Roof Replaced 2021 * Bathrooms Renovated 2014 * Foundation Re-Waterproofed 2020 * Interior Stair Upgrade 2017 * New Kitchen In Unit 3 2019 * Quiet Neighbourhood * In - Demand Location*
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-03-13 | 2024-06-30 | 109 | $1,299,000 | - | Expired |
2023-09-15 | 2023-12-31 | 107 | $1,388,000 | - | Expired |
2023-07-06 | 2023-09-15 | 71 | $1,488,000 | - | Suspended |
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
25' x 125'
Fronting
North
Taxes
$4,711 (2024)
Basement
Apartment, Finished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Mutual
Garage Type
Detached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 10.99' x 9.35' | |
Dining | Main | 11.78' x 8.37' | |
Living | Main | 15.32' x 12.37' | |
Br | Main | 13.48' x 9.68' | |
2nd Br | Main | 11.29' x 8.37' | |
Bathroom | Main | 6.69' x 9.84' | |
Living | Bsmt | 14.96' x 11.91' | |
Kitchen | Bsmt | 11.38' x 8.66' | |
Laundry | Bsmt | 14.90' x 9.94' | |
Br | Bsmt | 13.62' x 10.04' | |
2nd Br | Bsmt | 12.34' x 8.66' | |
Bathroom | Bsmt | 6.69' x 4.72' |
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Toronto Market Statistics
Toronto Price Trend
38 Pendeen Ave is a 6-bedroom 3-bathroom home listed for sale at $1,299,000, which is $350,372 (21.2%) lower than the average sold price of $1,649,372 in the last 30 days (January 18 - February 16). During the last 30 days the average sold price for a 6 bedroom home in Toronto declined by $393,128 (19.2%) compared to the previous 30 day period (December 19 - January 17) and down $683,628 (29.3%) from the same time one year ago.Inventory Change
There were 26 6-bedroom homes listed in Toronto over the last 30 days (January 18 - February 16), which is up 62.5% compared with the previous 30 day period (December 19 - January 17) and up 18.2% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Toronto typically sold ($138,427) (8.4%) below asking price over the last 30 days (January 18 - February 16), which represents a $44,073 increase compared to the previous 30 day period (December 19 - January 17) 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 18 - February 16) stood at 19.2%, up from 12.5% over the previous 30 days (December 19 - January 17) and down from 27.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 3-bathroom home in Toronto stood at 73 days when successfully sold over the last 30 days (January 18 - February 16), compared to 94 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Ciancio Group Realty
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