4 Casci Ave

FOR SALE
$1,575,000
4 Casci Ave, Toronto
4 Casci Ave
4 Casci Ave
4 Casci Ave
4 Casci Ave
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4 + 2
BEDROOMS
3
BATHROOMS
2 + 1
KITCHENS
10 + 4
ROOMS
E9363974
MLSID
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Property Description
Ready for an investment that's got both style and cash? Nestled on a peaceful cul-de-sac in the Upper Beaches, this 3-unit property is more than just eye candy - it's a moneymaker. Altogether, the property pulls in an impressive $8,400 per month in rent across its three units, including a sweet, loft-style basement apartment. Smart investors will recognize the goldmine here, with 4 parking spots and the added potential for a laneway suite, offering even more opportunity for future value and income growth. Renovated from top to bottom in 2011 with over $300K in upgrades, all done with proper permits, this property is registered with the City of Toronto as a legal 3-unit dwelling. Each unit boasts 2 spacious bedrooms, ensuite laundry, and fully equipped modern kitchens. And here's the kicker: with 2 of the 3 units currently vacant, the cap rate stands at 5.76% with positive cash flow - a rare find in Toronto's competitive market! But wait, there's more: if the 3rd unit were also brought to market rent, the cap rate would jump to an impressive 6.19% - wowzers! Since the main floor and basement are completely vacant, you can either move in yourself or rent them out at market value. Plus, all three units come with private decks, perfect for those chill moments or hosting guests. Whether you're looking for a turnkey investment or a stunning home with rental income, this one has it all. Act fast, because this gem won't last!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2020-02-29 2020-03-14 14 $1,995 - Terminated
Extras
Lots of features to be highlighted - see attached cash flow analysis, feature sheet along with the floor plans, virtual tour and walk through video! Public Open House this weekend Sat/Sun Sept. 28-29th from 2-4pm.
Nearby Intersections
Property Features
Cul De Sac, Park, Public Transit, School
Property Details
Street
Property Type
Semi-Detached, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
29' x 114'
Acreage
< .50
Fronting
North
Taxes
$7,160 (2024)
Basement
Apartment, Fin W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Lane
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain14.60' x 12.17'Hardwood Floor, Open Concept, Large Window
DiningMain8.17' x 9.42'Hardwood Floor, Open Concept, Combined W/Living
KitchenMain7.84' x 9.15'Tile Floor, Granite Counter, Window
Prim BdrmMain9.15' x 13.32'Hardwood Floor, Closet, Window
2nd BrMain9.84' x 9.09'Hardwood Floor, Overlook Patio, Closet
Living2nd14.60' x 12.17'Hardwood Floor, Large Window, Open Concept
Dining2nd8.17' x 9.42'Hardwood Floor, Open Concept, Combined W/Living
Kitchen2nd7.84' x 9.15'Tile Floor, Granite Counter, Window
2nd Br2nd9.15' x 13.32'Hardwood Floor, Closet, W/O To Deck
LivingBsmt14.24' x 11.15'Concrete Floor, Open Concept, Pot Lights
KitchenBsmt12.50' x 8.83'Concrete Floor, Open Concept, Pot Lights
Prim BdrmBsmt16.77' x 7.68'Pot Lights, Semi Ensuite, Large Closet
Toronto Market Statistics
Toronto Price Trend
4 Casci Ave is a 4-bedroom 3-bathroom home listed for sale at $1,575,000, which is $399,195 (20.2%) lower than the average sold price of $1,974,195 in the last 30 days (August 29 - September 27). During the last 30 days the average sold price for a 4 bedroom home in Toronto declined by $3,097 (0.2%) compared to the previous 30 day period (July 30 - August 28) and down $104,834 (5.0%) from the same time one year ago.
Inventory Change
There were 801 4-bedroom homes listed in Toronto over the last 30 days (August 29 - September 27), which is up 136.3% compared with the previous 30 day period (July 30 - August 28) and up 19.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Toronto typically sold ($29,037) (1.5%) below asking price over the last 30 days (August 29 - September 27), which represents a $22,433 increase compared to the previous 30 day period (July 30 - August 28) and ($1,109) 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 4-bedroom homes in Toronto over the last 30 days (August 29 - September 27) stood at 28.0%, down from 57.8% over the previous 30 days (July 30 - August 28) and down from 34.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Toronto stood at 23 days when successfully sold over the last 30 days (August 29 - September 27), compared to 57 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Ultimate Realty Inc.
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