462&464 Sammon Ave
Danforth Village-East York, Toronto, M4J 2B2
FOR SALE
$1,299,000
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Property Description
Introducing a prime real estate opportunity in the heart of East York - a meticulously maintained investment property with immense potential.Currently operating as a duplex with A+ tenants on the upper floor, this property is expertly structured for effortless conversion into a triplex,presenting a lucrative opportunity for savvy investors. Each unit offers its own separate entrance, has a separate 100 amp hydro meter but home could easily convert back into a single-family home, making this the perfect opportunity for an investor looking for a flexible space.This main floor unit offers a perfect blend of comfort and convenience, with a generously sized bedroom and well-appointed large kitchen with direct access to covered terrace in the backyard, as well as parking for two vehicles.Lower unit has been upgraded with vapour barrier and soundproofed and is a versatile space that can easily be transformed into a charming one-bedroom apartment. or could be the perfect opportunity for an intergenerational family setup, accommodating diverse living arrangements for modern families.Expansive upper unit boasts two bedrooms and a spacious family room with a new gas fireplace. Family room provides the option for it to double as a third bedroom, home office or cater to a variety of tenant needs.Don't miss the chance to invest in this mechanically sound property, with a new oversized state-of-the-art boiler for rads and water tank, an updated plumbing system and a foundation recently waterproofed and under warranty, this home is rare find in a coveted community. Located steps to parks, hospitals, schools, transit and all of the amenities that make East York one of the most sought after places in the GTA. **EXTRAS** All Light Fixtures And Appliances. Roughed In Kitchen In Basement. Laundry Upper Unit & Main Unit. 3 Fridges, 2 Stoves & 1 Dishwasher
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-17 | 2024-10-14 | 89 | $1,349,000 | - | Expired |
| 2024-06-12 | 2024-07-17 | 35 | $1,425,000 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2-Storey
Lot Size
18' x 100'
Fronting
North
Taxes
$5,701 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 17.65' x 10.99' | Hardwood Floor, Window |
| Kitchen | Main | 10.60' x 14.44' | Tile Floor, Eat-In Kitchen |
| Br | Main | 11.91' x 10.73' | Hardwood Floor, Window |
| Living | 2nd | 12.34' x 14.90' | Hardwood Floor, Window, Combined W/Dining |
| Dining | 2nd | 12.34' x 14.90' | Hardwood Floor, Window, Combined W/Living |
| Br | 2nd | 12.47' x 8.96' | Hardwood Floor, Window, Closet |
| Br | 2nd | 9.71' x 11.61' | Hardwood Floor, Window, Closet |
| Kitchen | 2nd | 10.73' x 8.99' | Tile Floor, Window |
| Family | 2nd | 11.12' x 14.40' | Linoleum, Window, Fireplace |
| Br | Lower | 13.88' x 10.53' | Tile Floor |
| Living | Lower | 12.27' x 13.22' | Tile Floor |
| Kitchen | Lower | 11.25' x 6.99' | Tile Floor |
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Toronto Market Statistics
Toronto Price Trend
462&464 Sammon Ave is a 3-bedroom 3-bathroom home listed for sale at $1,299,000, which is $6,402 (0.5%) higher than the average sold price of $1,292,598 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Toronto increased by $71,412 (5.8%) compared to the previous 30 day period (December 22 - January 20) and down $8,210 (0.6%) from the same time one year ago.Inventory Change
There were 676 3-bedroom homes listed in Toronto over the last 30 days (January 21 - February 19), which is up 105.5% compared with the previous 30 day period (December 22 - January 20) and up 23.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Toronto typically sold $27,264 (2.1%) above asking price over the last 30 days (January 21 - February 19), which represents a $35,980 increase compared to the previous 30 day period (December 22 - January 20) and $32,657 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 (January 21 - February 19) stood at 52.8%, down from 53.2% over the previous 30 days (December 22 - January 20) and down from 73.4% 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 22 days when successfully sold over the last 30 days (January 21 - February 19), compared to 55 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Advantage Realty
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