38 Pendeen Ave
Rockcliffe-Smythe, Toronto, M6N 2P3
FOR SALE
$1,388,000
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BEDROOMS3
BATHROOMS3
KITCHENS12
ROOMSW8137462
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Property Description
Attention Investors! Presenting A Remarkable Investment Opportunity! This Legal Triplex W/ 3 Separately Metered 2 Bedroom Units Is An Excellent Choice For Savvy Investors. Maximize Your Rental Income W/ On-Site Parking, Including The Double Car Garage For Storage. There Is Also Coin-Operated Laundry, Adding Another Revenue Stream To Boost Your Returns. This Triplex's Location Is Perfect For Attracting Tenants. It Is Nestled In Close Proximity To Numerous Parks & The Extensive Humber River Trail Network. Commuters Will Appreciate The Quick Access To Major Highways & TTC. It's Also Nearby Many Shopping Centres, Grocery Plazas, & Schools, This Property Is Perfectly Positioned To Attract A Wide Range Of Potential Tenants. Its Desirable Location Ensures Easy Access To Daily Necessities, Making It An Enticing Prospect For Prospective Renters. Rest Assured, This Triplex Is Meticulously Up To Date W/ All Necessary Repairs & Maintenance. It Presents A Completely Turnkey Investment Opportunity.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-09-15 | 2023-12-31 | 107 | $1,388,000 | - | Expired |
| 2023-07-06 | 2023-09-15 | 71 | $1,488,000 | - | Suspended |
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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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
25' x 125'
Fronting
North
Taxes
$4,711 (2023)
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 $1,388,000, which is $1,539,428 (52.6%) lower than the average sold price of $2,927,428 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 6 bedroom home in Toronto increased by $968,928 (49.5%) compared to the previous 30 day period (February 29 - March 29) and up $390,756 (15.4%) from the same time one year ago.Inventory Change
There were 24 6-bedroom homes listed in Toronto over the last 30 days (March 30 - April 28), which is up 4.3% compared with the previous 30 day period (February 29 - March 29) and down 14.3% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Toronto typically sold $181,270 (6.2%) above asking price over the last 30 days (March 30 - April 28), which represents a $252,757 increase compared to the previous 30 day period (February 29 - March 29) and ($8,661) 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 6-bedroom homes in Toronto over the last 30 days (March 30 - April 28) stood at 70.8%, up from 34.8% over the previous 30 days (February 29 - March 29) and up from 32.1% 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 18 days when successfully sold over the last 30 days (March 30 - April 28), compared to 63 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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