473 Vaughan Rd E
Oakwood Village, Toronto, M6C 2P5
FOR SALE
$888,888
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Property Description
Live or rent now in this 2+4 Bedroom Detached Bungalow in great living condition with 4 bed Basement Apartment for additional income ! Or Build later a purpose build rental apartment .City is in favour of building 4 rental unit in this lot plus another 4 rental unit on 471 Vaughan Rd in prestigious Oakwood Village when both lot purchased to gether. Take advantage of government incentive like low CHMC mortgage rate for rental units and City incentive to waive development fee and save on construction HST ( qualified Builders)all these incentives by government makes this an ideal rental investment property .Next door neighbour is also available for purchase to combine these two lots together and build 2X fourplex rental.By purchasing both lots you can have 8 rental and take advantage of all government incentives which make this investment very reasonable.
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Extras
2 Fridges, 1 Dishwasher, ,2 stoves,washer,dryer,Elf's,all window coverings.
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
36' x 85'
Fronting
East
Taxes
$3,877 (2023)
Basement
Apartment, Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Available
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 9.42' x 11.12' | Hardwood Floor, Window |
| Br | Main | 9.19' x 10.50' | Hardwood Floor, Window |
| Living | Main | 7.55' x 7.55' | Hardwood Floor, Window |
| Kitchen | Main | 12.47' x 12.47' | Hardwood Floor, Window |
| Kitchen | Bsmt | 12.47' x 12.47' | Ceramic Floor, Open Concept, Breakfast Bar |
| 3rd Br | Bsmt | 6.89' x 10.50' | Laminate, Window |
| 4th Br | Bsmt | 6.56' x 10.50' | Laminate, Window |
| 5th Br | Bsmt | 6.89' x 7.87' | |
| Br | Bsmt | 6.23' x 10.14' | Laminate, Window |
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Toronto Market Statistics
Toronto Price Trend
473 Vaughan Rd E is a 2-bedroom 2-bathroom home listed for sale at $888,888, which is $175,061 (16.5%) lower than the average sold price of $1,063,949 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 2 bedroom home in Toronto declined by $38,794 (3.5%) compared to the previous 30 day period (July 17 - August 15) and down $6,037 (0.6%) from the same time one year ago.Inventory Change
There were 205 2-bedroom homes listed in Toronto over the last 30 days (August 16 - September 14), which is up 44.4% compared with the previous 30 day period (July 17 - August 15) and up 1.5% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Toronto typically sold ($1,459) (0.1%) below asking price over the last 30 days (August 16 - September 14), which represents a $6,882 decrease compared to the previous 30 day period (July 17 - August 15) and $31,076 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 2-bedroom homes in Toronto over the last 30 days (August 16 - September 14) stood at 47.3%, down from 64.8% over the previous 30 days (July 17 - August 15) and up from 39.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Toronto stood at 21 days when successfully sold over the last 30 days (August 16 - September 14), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realtron Realty Inc.
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