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Property Description
Attention Builders/developers!! Nestled at the prime intersection of Islington & Albion, thisremarkable property boasts a rare 2.34-acre parcel of land with a Southeast exposure, offeringbreathtaking, unobstructed views of the Toronto skyline. Situated in a charming residentialneighborhood characterized by mature, tree-lined streets, this property presents anunparalleled opportunity for development or investment. With dimensions of 202.24 feet by374.06 feet, the expansive lot provides endless possibilities. Imagine crafting individualluxury homes, designing a grand urban estate, or creating a multi-residential building thattakes full advantage of its unique canvas and strategic location. Currently, the propertyfeatures a single-family home accompanied by a detached double-car garage, allowing forimmediate use or rental potential while plans are being finalized. Whether you envision aluxurious retreat, a thriving residential community, or an architecturally significant project,this property is a one-of-a-kind opportunity in the heart of a thriving neighborhood. Seize thechance to bring your vision to life on this spectacular property where potential truly meetspossibility. TRCA coverage.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-11-29 | 2024-03-19 | 111 | $5,500,000 | - | Expired |
2024-04-08 | 2024-05-08 | 30 | $4,999,000 | $4,400,000 | Sold |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
202' x 374'
Fronting
East
Taxes
$8,419 (2024)
Basement
Apartment
Exterior
Stone
Heat Type
Other
Heat Source
Gas
Air Conditioning
Other
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Etobicoke Market Statistics
Etobicoke Price Trend
11 Gibson Ave is a 5-bedroom 4-bathroom home listed for sale at $4,750,000, which is $1,935,060 (68.7%) higher than the average sold price of $2,814,940 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 5 bedroom home in Etobicoke declined by $105,122 (3.6%) compared to the previous 30 day period (September 24 - October 23) and down $18,534 (0.7%) from the same time one year ago.Inventory Change
There were 103 5-bedroom homes listed in Etobicoke over the last 30 days (October 24 - November 22), which is down 36.8% compared with the previous 30 day period (September 24 - October 23) and up 3.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Etobicoke typically sold ($98,774) (3.5%) below asking price over the last 30 days (October 24 - November 22), which represents a $21,636 decrease compared to the previous 30 day period (September 24 - October 23) and ($111,119) 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 5-bedroom homes in Etobicoke over the last 30 days (October 24 - November 22) stood at 68.9%, up from 31.9% over the previous 30 days (September 24 - October 23) and up from 38.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Etobicoke stood at 32 days when successfully sold over the last 30 days (October 24 - November 22), compared to 68 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Professionals Inc.
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