56 Vernon St

FOR SALE
$1,199,000
56 Vernon St, Toronto
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
56 Vernon St
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4
BEDROOMS
1
BATHROOMS
1
KITCHENS
7
ROOMS
W9363486
MLSID
Contact Us
Property Description
Welcome to 56 Vernon Street. This lovely 2.5 storey home is located in Toronto's west end, the Junction neighbourhood is home to some of the city's coolest restaurants and bars, espresso bars and live music venues. Trendy Bloor-West Village to the west, High Park to the east and public transit to take you anywhere you need to go. A one-of-a-kind neighbourhood with a small-town vibe is seeing a revitalization due to its charming homes and larger lots with front and back yards. The home has great curb-appeal with its brick exterior and large front porch. The main floor has a living room, dining room and kitchen with walk-out to the back deck. There are 3 bedrooms on the second floor, as well as a 4pc bath. The third level has a huge loft space, including a 4th bedroom and space for a study or home office. The backyard features a large wooden deck that overlooks the spacious yard - an ideal spot to watch the kids play or start up a vegetable garden. The options are endless!
Extras
Roof re-shingled in 2023, Boiler furnace/rad approximately 5 years old, Panasonic air conditioner wall unit on 2nd floor
Property Features
Park, Place Of Worship, Public Transit, Rec Centre, School
Property Details
Street
Community
Property Type
Detached, 2 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
22' x 120'
Acreage
< .50
Fronting
North
Taxes
$5,465 (2024)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Radiant
Heat Source
Other
Air Conditioning
Wall Unit
Water
Municipal
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain11.25' x 12.83'Broadloom, Electric Fireplace
DiningMain8.99' x 12.60'Broadloom, W/O To Deck
KitchenMain7.91' x 13.75'Vinyl Floor
Prim Bdrm2nd11.15' x 11.32'Broadloom
2nd Br2nd9.51' x 11.91'Broadloom
3rd Br2nd7.51' x 8.76'Hardwood Floor
4th Br3rd9.15' x 11.68'Broadloom
Bathroom2nd5.41' x 7.38'4 Pc Bath, Tile Floor
Toronto Market Statistics
Toronto Price Trend
56 Vernon St is a 4-bedroom 1-bathroom home listed for sale at $1,199,000, which is $775,195 (39.3%) lower than the average sold price of $1,974,195 in the last 30 days (August 29 - September 27). During the last 30 days the average sold price for a 4 bedroom home in Toronto declined by $3,097 (0.2%) compared to the previous 30 day period (July 30 - August 28) and down $104,834 (5.0%) from the same time one year ago.
Inventory Change
There were 801 4-bedroom homes listed in Toronto over the last 30 days (August 29 - September 27), which is up 136.3% compared with the previous 30 day period (July 30 - August 28) and up 19.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Toronto typically sold ($29,037) (1.5%) below asking price over the last 30 days (August 29 - September 27), which represents a $22,433 increase compared to the previous 30 day period (July 30 - August 28) and ($1,109) 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 4-bedroom homes in Toronto over the last 30 days (August 29 - September 27) stood at 28.0%, down from 57.8% over the previous 30 days (July 30 - August 28) and down from 34.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 1-bathroom home in Toronto stood at 23 days when successfully sold over the last 30 days (August 29 - September 27), compared to 57 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Real Estate Services Ltd.
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