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ROOMSC11951729
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Property Description
Experience luxury living in the heart of the Fashion District with this multi-million dollar premium detached lot, featuring a sun-drenched southern backyard. Whether you choose to enjoy the existing residence or build a new while benefiting from rental income, this property offers flexibility. The spacious layout includes a 2-bedroom in-law suite with a separate front entrance, making it ideal for both homeowners and investors. Conveniently located just steps away from the vibrant entertainment area.
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Extras
Financial State Avail with Conditional Offer,Initial drawings for zoning review also available for 3 story house
Nearby Intersections
King & Strachan (66)
King & Bathurst (326)
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
25' x 91'
Lot Irregularities
Lot Size Recorded From Mpac
Fronting
South
Taxes
$7,446 (2024)
Basement
Fin W/O, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 9.32' x 11.52' | Laminate |
| Dining | Main | 9.32' x 12.50' | Laminate |
| Kitchen | Main | 14.50' x 16.34' | Eat-In Kitchen, Irregular Rm, B/I Closet |
| Br | Main | 9.42' x 11.52' | North View, Laminate |
| Br | Main | 9.09' x 12.50' | South View, Laminate |
| Br | Main | 9.74' x 13.09' | O/Looks Garden, Broadloom, 4 Pc Bath |
| Kitchen | Lower | 9.42' x 9.74' | Ceramic Floor, Pantry |
| Living | Lower | 9.42' x 14.40' | Large Closet, Ceramic Floor |
| Br | Lower | 9.15' x 12.34' | Broadloom, North View |
| Br | Lower | 9.15' x 11.68' | South View, Broadloom |
| Laundry | Lower | 9.42' x 14.01' | Ceramic Floor |
| Utility | Lower | 8.23' x 16.99' | Ceramic Floor |
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Toronto Market Statistics
Toronto Price Trend
731 Richmond St is a 3-bedroom 2-bathroom home listed for sale at $1,749,000, which is $556,288 (46.6%) higher than the average sold price of $1,192,712 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in Toronto declined by $86,213 (6.7%) compared to the previous 30 day period (November 19 - December 18) and down $60,928 (4.9%) from the same time one year ago.Inventory Change
There were 319 3-bedroom homes listed in Toronto over the last 30 days (December 19 - January 17), which is down 33.8% compared with the previous 30 day period (November 19 - December 18) and up 27.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Toronto typically sold ($7,431) (0.6%) below asking price over the last 30 days (December 19 - January 17), which represents a $1,931 decrease compared to the previous 30 day period (November 19 - December 18) and ($28,262) more 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 (December 19 - January 17) stood at 61.8%, down from 100.8% over the previous 30 days (November 19 - December 18) and down from 83.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Toronto stood at 37 days when successfully sold over the last 30 days (December 19 - January 17), compared to 76 days before being removed from the market upon being suspended or terminated.Listing contracted with Koch Realty Inc.
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