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Property Description
Fantastic investment opportunity! Currently set up as three completely renovated apartments. Great house extensively renovated in 2012-13. Perfect turn key investment with all three apartments currently rented. Located in the heart of Mimico, steps to transit and the GO line. Just a short stroll to the lake and Mimico village. Great for first time home buyers with a double income to help pay the mortgage. Large private backyard, and parking for up to three cars.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-05-03 | 2024-07-31 | 89 | $1,200,000 | - | Expired |
2022-08-25 | 2022-08-27 | 2 | $1,900 | $1,900 | Leased |
2021-02-17 | 2021-03-24 | 34 | $1,350,000 | - | Suspended |
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2-Storey
Lot Size
28' x 117'
Fronting
West
Taxes
$3,684 (2023)
Basement
Apartment
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Front Yard
Garage Type
Attached
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Etobicoke Market Statistics
Etobicoke Price Trend
156 Royal York Rd is a 2-bedroom 3-bathroom home listed for sale at $1,200,000, which is $88,926 (8.0%) higher than the average sold price of $1,111,074 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom home in Etobicoke declined by $80,620 (6.8%) compared to the previous 30 day period (September 21 - October 20) and up $1,466 (0.1%) from the same time one year ago.Inventory Change
There were 148 2-bedroom homes listed in Etobicoke over the last 30 days (October 21 - November 19), which is down 33.0% compared with the previous 30 day period (September 21 - October 20) and down 6.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Etobicoke typically sold ($5,553) (0.5%) below asking price over the last 30 days (October 21 - November 19), which represents a $12,321 decrease compared to the previous 30 day period (September 21 - October 20) and $7,439 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 2-bedroom homes in Etobicoke over the last 30 days (October 21 - November 19) stood at 83.8%, up from 46.2% over the previous 30 days (September 21 - October 20) and up from 66.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Etobicoke stood at 32 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 Real Estate Homeward
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