996-998 Avenue Rd
Yonge-Eglinton, Toronto, M5P 2K8
FOR SALE
$3,690,000
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8
BEDROOMS4
BATHROOMS4
KITCHENS20
ROOMSC9372080
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Property Description
Attention Builders, Investors, and Visionaries! Explore an exceptional detached legal fourplex strategically positioned at one of Toronto's most prestigious intersections: Avenue Rd and Eglinton. This rare find sits on an expansive lot measuring 50 x 111.66 feet, offering immense potential for redevelopment or continued rental income. Each of the four legal units spans approximately 1000 square feet, featuring 2 bedrooms and 1 bathroom.Recent upgrades include comprehensive waterproofing and insulation, newly renovated kitchens and bathrooms, and freshly painted units. The property boasts a brand-new boiler system and recently renovated roofs, ensuring efficiency and low maintenance for years to come. Located mere steps from the new Eglinton Crosstown LRT and the Yonge-Eglinton TTC subway, this prime investment property offers unparalleled convenience. Enjoy easy access to a vibrant array of restaurants, banks, groceries, and community centers, making it an ideal choice for tenants and future residents alike.Discover the vibrant local scene with shops and dining options just footsteps away, coupled with proximity to top-rated public and private schools. Don't miss this opportunity to capitalize on both the location and potential of this property!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-22 | 2024-09-21 | 92 | $3,690,000 | - | Expired |
| 2018-12-20 | 2019-01-14 | 26 | $2,695,000 | $2,380,000 | Sold |
Extras
Hardwood flooring throughout all units. Mutual driveway and private parking for four units. Separate hydro meters, 4 washers and 4 dryers. 4 Kitchen appliances.
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Property Details
Street
Community
City
Property Type
Fourplex, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
50' x 112'
Fronting
West
Taxes
$10,844 (2024)
Basement
Sep Entrance, Unfinished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Mutual
Garage Type
Other
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 10.01' x 11.52' | |
| 2nd Br | Main | 10.01' x 10.50' | |
| Br | Main | 10.01' x 11.52' | |
| 2nd Br | Main | 10.01' x 10.50' | |
| Br | 2nd | 10.01' x 11.52' | |
| 2nd Br | 2nd | 10.01' x 10.50' | |
| Br | 2nd | 10.01' x 11.52' | |
| 2nd Br | 2nd | 10.01' x 10.50' |
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Toronto Market Statistics
Toronto Price Trend
996-998 Avenue Rd is a 8-bedroom 4-bathroom home listed for sale at $3,690,000, which is $1,615,000 (77.8%) 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 4-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 Skyland Realty Inc.
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