462&464 Sammon Ave
Danforth Village-East York, Toronto, M4J 2B2
FOR SALE
$1,425,000
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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 a 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. -
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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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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 $1,425,000, which is $91,688 (6.9%) higher than the average sold price of $1,333,312 in the last 30 days (June 5 - July 4). During the last 30 days the average sold price for a 3 bedroom home in Toronto declined by $66,602 (4.8%) compared to the previous 30 day period (May 6 - June 4) and down $48,693 (3.5%) from the same time one year ago.Inventory Change
There were 1,202 3-bedroom homes listed in Toronto over the last 30 days (June 5 - July 4), which is up 7.4% compared with the previous 30 day period (May 6 - June 4) and up 18.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Toronto typically sold $31,256 (2.3%) above asking price over the last 30 days (June 5 - July 4), which represents a $30,359 decrease compared to the previous 30 day period (May 6 - June 4) and $87,742 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 (June 5 - July 4) stood at 49.6%, down from 57.3% over the previous 30 days (May 6 - June 4) and down from 83.4% 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 13 days when successfully sold over the last 30 days (June 5 - July 4), compared to 34 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Advantage Realty
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