386 Westmoreland Ave N

FOR SALE
$1,399,999
386 Westmoreland Ave N, Toronto
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
386 Westmoreland Ave N
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2 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
6 + 4
ROOMS
W8450156
MLSID
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Property Description
Welcome to 386 Westmoreland Avenue North, a stunning and fully renovated home located in the vibrant city of Toronto, Ontario. This (duplex)property combines classic charm with modern amenities, making it a perfect choice for homeowners or investors. The home features a large front yard and porch, perfect for relaxing and enjoying the neighborhood. The main floor, originally 3 bedrooms, has been converted into a spacious 2-bedroom layout with high ceilings, a large eat-in kitchen, a living room and office combo that could be easily turned into a third bedroom, and new washer and dryer for convenient main floor laundry facilities. This level is completely separate from the downstairs area, providing privacy and convenience. The basement offers a fully self-contained 2-bedroom apartment with high ceilings and its own private entrance. It includes a spacious living area, a well-appointed kitchen, and a dedicated laundry room, making it ideal for rental income or accommodating extended family. The exterior features a large backyard, perfect for outdoor activities and entertaining. Additionally, there is an approved permit to build a 2-car garage, which can be modified to construct a one-story laneway home, offering even more flexibility and potential for this property. Recent upgrades include a new roof completed in 2023 and new windows installed upstairs in 2020, ensuring the home is well-maintained and energy-efficient. Situated in a desirable neighborhood in Toronto, this home is close to schools, parks, shopping, and public transportation, making it a convenient choice for families and commuters alike.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-05-23 2024-06-17 25 $1,499,999 - Terminated
Nearby Intersections
Property Features
Fenced Yard, Place Of Worship, Public Transit, School, School Bus Route
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
26' x 126'
Acreage
< .50
Fronting
West
Taxes
$5,250 (2023)
Basement
Apartment, Finished
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Lane
Garage Type
None
Room Summary
RoomLevelSizeFeatures
FoyerMain4.00' x 14.34'Hardwood Floor, Open Concept, Open Concept
LivingMain10.66' x 25.95'Hardwood Floor, Combined W/Office, Bay Window
LaundryMain5.25' x 11.58'Hardwood Floor, Open Concept
KitchenMain11.91' x 14.83'Tile Floor, Marble Counter, W/O To Balcony
BrMain10.50' x 11.32'Hardwood Floor, B/I Closet, Window
Prim BdrmMain10.33' x 14.40'Hardwood Floor, Large Closet, Large Window
KitchenLower11.75' x 13.09'Tile Floor, Ceramic Back Splash, Open Concept
FamilyLower9.91' x 13.09'Tile Floor, Open Concept, Window
BathroomMain4.99' x 6.82'Tile Floor, 4 Pc Bath
3rd BrLower10.66' x 8.60'Tile Floor, Window
4th BrLower10.66' x 13.09'Tile Floor, Window, B/I Closet
BathroomLower4.99' x 8.60'Tile Floor, 4 Pc Bath
Toronto Market Statistics
Toronto Price Trend
386 Westmoreland Ave N is a 2-bedroom 2-bathroom home listed for sale at $1,399,999, which is $313,397 (28.8%) higher than the average sold price of $1,086,602 in the last 30 days (June 6 - July 5). During the last 30 days the average sold price for a 2 bedroom home in Toronto declined by $115,858 (9.6%) compared to the previous 30 day period (May 7 - June 5) and down $57,335 (5.0%) from the same time one year ago.
Inventory Change
There were 278 2-bedroom homes listed in Toronto over the last 30 days (June 6 - July 5), which is up 21.4% compared with the previous 30 day period (May 7 - June 5) and up 44.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Toronto typically sold $33,223 (3.1%) above asking price over the last 30 days (June 6 - July 5), which represents a $24,010 decrease compared to the previous 30 day period (May 7 - June 5) and $53,198 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 2-bedroom homes in Toronto over the last 30 days (June 6 - July 5) stood at 45.3%, down from 54.6% over the previous 30 days (May 7 - June 5) and down from 108.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Toronto stood at 13 days when successfully sold over the last 30 days (June 6 - July 5), compared to 35 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sutton Group Elite Realty Inc.
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