804 Dovercourt Rd N
Dovercourt-Wallace Emerson-Junction, Toronto, M6H 2X3
FOR SALE
$1,499,000
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Property Description
Detached Home with Investment Potential High-Demand Area Ideal for Investors/Builders Excellent opportunity to own a detached property in a high-demand neighborhood, perfect for investors or developers. Currently, the home features 2 rental units with immediate income potential, and the property has the flexibility to be torn down or built up into a 3-unit rental, maximizing returns. Property Features with potential to convert into 3 rental units plus you can build a lane way dwelling. Currently has 2 fully functional rental units with tenants Spacious lot size suitable for redevelopment or additional expansion. Great location in a high-growth area with strong rental demand Ample parking space for multiple vehicles Location: Close to public transit, shopping centers, schools, and amenities. Easy access to major highways and public transportation. Family-friendly neighborhood with strong property value appreciation. Redevelopment opportunity: Build up, convert to multi-units, or design your custom home Rental income: Continue generating income from existing rental units while planning your project Ideal for investors, builders, or developers looking to maximize ROI in a hot market
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Extras
New furnace and hotwater tank (owned) all elf, 2 fridge 2 stove in present condition.
Property Features
Library, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
25' x 132'
Fronting
West
Taxes
$5,658 (2024)
Basement
Sep Entrance, Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Toronto Market Statistics
Toronto Price Trend
804 Dovercourt Rd N is a 4-bedroom 2-bathroom home listed for sale at $1,499,000, which is $405,057 (21.3%) lower than the average sold price of $1,904,057 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in Toronto declined by $84,958 (4.3%) compared to the previous 30 day period (September 21 - October 20) and down $159,815 (7.7%) from the same time one year ago.Inventory Change
There were 546 4-bedroom homes listed in Toronto over the last 30 days (October 21 - November 19), which is down 22.7% compared with the previous 30 day period (September 21 - October 20) and up 20.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Toronto typically sold ($35,760) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $7,729 decrease compared to the previous 30 day period (September 21 - October 20) and ($76,652) 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 4-bedroom homes in Toronto over the last 30 days (October 21 - November 19) stood at 54.6%, up from 40.1% over the previous 30 days (September 21 - October 20) and up from 47.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Toronto stood at 22 days when successfully sold over the last 30 days (October 21 - November 19), compared to 50 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Ultimate Realty Inc.
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