45 Northcote Ave
Little Portugal, Toronto, M6J 3K2
FOR SALE
$2,775,000
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5 + 2
BEDROOMS6
BATHROOMS3 + 1
KITCHENS17 + 3
ROOMSC9512990
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Property Description
Investors consider buying either 45 and 47 Northcote Ave separately, or buy them both & allow titles of both properties to merge into a legal 8-plex, with existing approval for additional unit, and possibly avoid Canadas foreign buyer ban. This bay & gable brownstone beauty at #45 Northcote Ave - is a 3-story bay and gable 4-plex with self-contained apartments, including a beautiful 2-bedroom basement apartment, a 3-bedroom main, A large 1-bed, 2nd flr, & another on 3rd. Anchored in the West Queen West area of Toronto - a most desirable lifestyle and real estate investment hub - having the opportunity to purchase 2 side by side homes like this is nearly unheard of in this area. Victorian era brownstone with optimum income for owners who intend to live here or investors maximizing rents and future price appreciation. In 2018 #45 was approved to expand the 3rd floor to a larger footprint. Most visitors comment how great the basement 2 bedroom apartment is, with high ceilings, huge windows wells allowing natural light & a separate entrance through front of house. Spacious modern apartments, all with with own ensuite laundry, separately metered and with own temperature controls. Floors were additionally insulated for sound and thermal. 45 Northcote backs onto a laneway offering access multiple neighbouring coach houses. #45 & #47 could house a coach house of their own. Prefer to keep the backyard as parking? theres room for over 6 cars. #45 & #47 together span 43+ feet of frontage and approximately 123 feet of depth. Current rents lead to top of market CAP rates, with tenants paying own utilities. With already approved expansion plans, financials will surely go up. Beaconsfield Village's Northcote is bookended by dreamy Beaconsfield Avenue with its mid-1800s brownstones and fabulous coach houses, anchored by Queen West's famous Drake Hotel and The Gladstone. Top restaurants, fantastic dessert and coffee shops, and famous bars. Top walk and bike scores.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-29 | 2024-10-27 | 90 | $2,775,000 | - | Terminated |
| 2024-05-23 | 2024-07-28 | 66 | $2,775,000 | - | Terminated |
| 2024-05-02 | 2024-05-23 | 21 | $2,975,000 | - | Terminated |
Extras
Multiple Parking spots at rear, via laneway. All appliances, HVAC equipment included.
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Semi-Detached, 3-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
23' x 123'
Fronting
East
Taxes
$12,099 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick, Other
Heat Type
Radiant
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
3
Driveway
Lane
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 3.28' x 3.28' | Open Concept, Combined W/Dining |
| Kitchen | Main | 3.28' x 3.28' | Open Concept, Combined W/Dining, Stainless Steel Appl |
| Br | Main | 3.28' x 3.28' | |
| 2nd Br | Main | 3.28' x 3.28' | |
| 3rd Br | Main | 3.28' x 3.28' | |
| Living | 2nd | 3.28' x 3.28' | |
| Kitchen | 2nd | 3.28' x 3.28' | |
| 4th Br | 2nd | 3.28' x 3.28' | |
| Dining | 2nd | 3.28' x 3.28' | |
| Family | 3rd | 3.28' x 3.28' |
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Toronto Market Statistics
Toronto Price Trend
45 Northcote Ave is a 5-bedroom 6-bathroom home listed for sale at $2,775,000, which is $165,428 (5.6%) lower than the average sold price of $2,940,428 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 5 bedroom home in Toronto increased by $154,872 (5.6%) compared to the previous 30 day period (September 21 - October 20) and up $283,513 (10.7%) from the same time one year ago.Inventory Change
There were 115 5-bedroom homes listed in Toronto over the last 30 days (October 21 - November 19), which is down 30.3% compared with the previous 30 day period (September 21 - October 20) and up 21.1% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Toronto typically sold ($110,325) (3.8%) below asking price over the last 30 days (October 21 - November 19), which represents a $41,069 decrease compared to the previous 30 day period (September 21 - October 20) and ($117,415) 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 5-bedroom homes in Toronto over the last 30 days (October 21 - November 19) stood at 60.9%, up from 31.5% over the previous 30 days (September 21 - October 20) and up from 36.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 6-bathroom home in Toronto stood at 31 days when successfully sold over the last 30 days (October 21 - November 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Harvey Kalles Real Estate Ltd.
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