16 Muskoka Ave
Long Branch, Etobicoke, M8W 1H3
FOR SALE
$2,295,000
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8
BEDROOMS5
BATHROOMS3
KITCHENS18
ROOMSW10404744
MLSIDContact Us
Property Description
AN EXTREMELY RARE TRIPLEX FIND ! VACANT POSSESSION ! This Owner Occupied, Air Conditioned Extra Large Triplex has been Totally and Elegantly Updated and comes with 2 Very Spacious 3 Bedroom Apartments, EACH WITH 2 BATHROOMS, ENSUITE LAUNDRIES AND BALCONIES, and an an Extra Large Lower Level, Sunfilled 2 Bedroom Apartment, with Large Above Ground Windows and ENSUITE LAUNDRY. Set in Highly Sought After Long Branch Village, just a short walk from the Lake, on a Huge 46.5ft x 160.5ft Lot, with Private Rear Garden, 2 Car Garage, plus 4 more Parking Spaces, and extra Wide Private Double Driveway. CURRENT NET INCOME IS $95,000 WITH WITH POSSIBILTY OF INCREASING IT TO $102,000 PLUS THE 2.5 INCREASE FOR 2025. Ideal for the Investor to get a 4.5% Cap Rate on a Building in Top Conditon and needing no work, or for the Multi Generation Family to make it their Home. THIS PROPERTY MUST BE SEEN TO BE TRULY APPRECIATED.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-08-16 | 2021-09-01 | 16 | $1,899,000 | $1,800,000 | Sold |
| 2021-08-04 | 2021-08-16 | 12 | $1,999,000 | - | Terminated |
Extras
3 Refrigerators, 3 Stoves, 2 Exhaust Fans, 1 Microwave, 2 Dishwashers, 2 Wash /Dry Combo Machines, Washer, Dryer, Security System and Cameras
Nearby Intersections
Lake Shore & Browns (38)
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
46' x 160'
Fronting
North
Taxes
$6,831 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.86' x 9.68' | O/Looks Dining, Sliding Doors, W/O To Balcony |
| Dining | Main | 14.86' x 7.78' | Large Window, Pot Lights |
| Kitchen | Main | 12.34' x 10.47' | Breakfast Bar, Large Window, Stainless Steel Appl |
| Br | Main | 9.42' x 14.50' | Large Window, Closet, 2 Pc Bath |
| 2nd Br | Main | 12.76' x 11.45' | Large Window, Double Closet, O/Looks Garden |
| 3rd Br | Main | 8.99' x 15.58' | Large Window, Large Closet, 5 Pc Bath |
| Living | 2nd | 14.86' x 9.74' | O/Looks Dining, Sliding Doors, W/O To Balcony |
| Dining | 2nd | 14.83' x 8.07' | Large Window, Pot Lights |
| Kitchen | 2nd | 12.37' x 10.66' | Breakfast Bar, Large Window, Stainless Steel Appl |
| Br | 2nd | 9.38' x 12.47' | Large Window, Closet, 2 Pc Bath |
| 2nd Br | 2nd | 12.86' x 11.38' | Large Window, Double Closet, O/Looks Garden |
| 3rd Br | 2nd | 8.83' x 15.91' | Large Window, Large Closet, 5 Pc Bath |
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Etobicoke Market Statistics
Etobicoke Price Trend
16 Muskoka Ave is a 8-bedroom 5-bathroom home listed for sale at $2,295,000, which is $220,000 (10.6%) 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 Etobicoke declined by $1,454,942 (41.2%) compared to the previous 30 day period (September 21 - October 20) and down $480,000 (18.8%) from the same time one year ago.Inventory Change
There were 8 8-bedroom homes listed in Etobicoke over the last 30 days (October 21 - November 19), which is down 20.0% compared with the previous 30 day period (September 21 - October 20) and up 60.0% compared with the same period last year.Sold Price Above/Below Asking ($)
8-bedroom homes in Etobicoke 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 Etobicoke 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 5-bathroom home in Etobicoke 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 Re/Max Professionals Inc.
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