40 Fern Ave

FOR SALE
$1,799,000
40 Fern Ave, Toronto
40 Fern Ave
40 Fern Ave
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3 + 1
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
6 + 4
ROOMS
W9390839
MLSID
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Property Description
"A rarity in Roncy! This Melissa Davis designed home (from HGTVs Income Property) underwent a complete stud to stud overhaul. The long list of improvements includes new plumbing, electrical wiring, a 200 amp panel upgrade, spray foam insulation, sound proofing throughout AND a legal accessory basement apartment! The main/upper suite (measures over 1200 sqft) has an open concept entertaining/living space, comprised of well-equipped kitchen that includes quartz countertops and a gas stove. A powder room and laundry nook complete the space. Upstairs is home to 3 spacious bedrooms, complete with a custom-built closet in the primary bedroom. The separate basement apartment has its own private access at the rear of the home. Measuring in at over 620 sqft., it features a modern kitchen, complete with dishwasher and laundry, a 4 piece bathroom and spacious bedroom. Both units have walkouts to the spacious backyard. A large two car garage rounds out the home. Work completed with permits.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-01-20 2021-03-31 69 $1,550 $1,550 Leased
2021-01-07 2021-01-20 13 $1,700 - Terminated
Extras
The 2 suites enjoy complete separation, backed by ROXUL Safe insulation which provides fire resistance and sound control. The original cast iron rads were refinished to keep the character of the home. Separate hydro meters for each unit.
Property Features
Library, Park, Place Of Worship, Public Transit, Rec Centre, School
Property Details
Street
Community
Property Type
Semi-Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
19' x 132'
Fronting
North
Taxes
$7,582 (2024)
Basement
Apartment
Exterior
Brick, Other
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Driveway
Lane
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
LivingMain14.73' x 24.54'
DiningMain14.73' x 24.54'
KitchenMain11.52' x 13.42'
BrUpper8.79' x 13.48'
BrUpper8.79' x 11.98'
Prim BdrmUpper12.14' x 10.70'
KitchenLower7.55' x 10.37'
LivingLower13.25' x 10.66'
DiningLower13.25' x 10.66'
BrLower10.01' x 10.01'
Toronto Market Statistics
Toronto Price Trend
40 Fern Ave is a 3-bedroom 3-bathroom home listed for sale at $1,799,000, which is $442,486 (32.6%) higher than the average sold price of $1,356,514 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 3 bedroom home in Toronto increased by $89,363 (7.1%) compared to the previous 30 day period (August 18 - September 16) and up $51,797 (4.0%) from the same time one year ago.
Inventory Change
There were 1,078 3-bedroom homes listed in Toronto over the last 30 days (September 17 - October 16), which is up 22.1% compared with the previous 30 day period (August 18 - September 16) and down 0.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Toronto typically sold $12,227 (0.9%) above asking price over the last 30 days (September 17 - October 16), which represents a $7,355 increase compared to the previous 30 day period (August 18 - September 16) and $20,597 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 Toronto over the last 30 days (September 17 - October 16) stood at 54.5%, up from 42.7% over the previous 30 days (August 18 - September 16) and up from 46.8% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Toronto stood at 15 days when successfully sold over the last 30 days (September 17 - October 16), compared to 45 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sage Real Estate Limited
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