579 Indian Rd
High Park North, Toronto, M6P 2C3
FOR SALE
$2,799,999
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8 + 1
BEDROOMS5
BATHROOMS4 + 1
KITCHENS13 + 1
ROOMSW10409598
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Property Description
Rare Opportunity for a Well-Maintained Multi-Unit Property in sought after Location! For the first time in 55 years, this exceptional property is available for sale, offering a unique chance for investors or homeowners alike. Situated on an oversized city lot, this well maintained building features a double car garage and a private driveway, providing ample parking. Key Features: - Updated Electrical and Plumbing: roof 5 years old; newer boiler - Onsite Coin-Operated Laundry: Convenient for tenants, enhancing rental appeal. - Brand New Fence: Freshly installed for added privacy and security. - Hardwood Flooring Throughout, original period features still intact - Fully Rented Units: All units are currently occupied, ensuring immediate rental income. -Potential for further income intensification upon approval for additional story or coach house. -5 separate units, with four separate hydro meters - High Demand Rental Area: Located in a sought-after neighborhood, perfect for attracting tenants. - Prime Transit Access: Just one block from Bloor West Subway Station and two blocks from the GO Train and UP Express. Don't miss out on this rare opportunity to own a well-established property in a thriving rental market.
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Nearby Intersections
Keele & Bloor (28)
Property Features
Grnbelt/Conserv, Hospital, Park, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Detached, 3-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
50' x 150'
Fronting
North
Taxes
$11,278 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Heat Pump
Heat Source
Other
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Available
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.60' x 20.28' | Hardwood Floor, Leaded Glass |
| Kitchen | Main | 4.69' x 15.09' | Tile Floor, Walk-Out |
| Den | Main | 7.58' x 9.68' | Hardwood Floor, Closet |
| Br | Main | 10.50' x 13.78' | Hardwood Floor, Leaded Glass, French Doors |
| Br | Main | 8.50' x 13.88' | Hardwood Floor, Closet, Leaded Glass |
| Living | 2nd | 10.70' x 18.37' | Hardwood Floor, Leaded Glass |
| Dining | 2nd | 8.07' x 12.80' | Hardwood Floor |
| Kitchen | 2nd | 5.38' x 24.38' | Galley Kitchen, W/O To Deck |
| Br | 2nd | 10.99' x 13.58' | Hardwood Floor, Closet |
| Br | 2nd | 12.07' x 12.89' | Hardwood Floor, Closet, Leaded Glass |
| Living | 3rd | 13.88' x 15.39' | Hardwood Floor |
| Br | 3rd | 10.27' x 12.37' | Hardwood Floor, Closet, W/O To Deck |
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Toronto Market Statistics
Toronto Price Trend
579 Indian Rd is a 8-bedroom 5-bathroom home listed for sale at $2,799,999, which is $724,999 (34.9%) higher than the average sold price of $2,075,000 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 8 bedroom home in Toronto declined by $1,454,942 (41.2%) compared to the previous 30 day period (September 21 - October 20) and down $480,000 (18.8%) from the same time one year ago.Inventory Change
There were 8 8-bedroom homes listed in Toronto over the last 30 days (October 21 - November 19), which is down 20.0% compared with the previous 30 day period (September 21 - October 20) and up 60.0% compared with the same period last year.Sold Price Above/Below Asking ($)
8-bedroom homes in Toronto typically sold ($125,000) (6.0%) below asking price over the last 30 days (October 21 - November 19), which represents a $111,693 decrease compared to the previous 30 day period (September 21 - October 20) and $157,500 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 8-bedroom homes in Toronto over the last 30 days (October 21 - November 19) stood at 12.5%, down from 40.0% over the previous 30 days (September 21 - October 20) and down from 40.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 8-bedroom 5-bathroom home in Toronto stood at 11 days when successfully sold over the last 30 days (October 21 - November 19), compared to 120 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max West Realty Inc.
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