197 Park Lawn Rd

FOR SALE
$1,590,000
197 Park Lawn Rd, Etobicoke
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5 + 2
BEDROOMS
5
BATHROOMS
2 + 2
KITCHENS
9 + 4
ROOMS
W11954733
MLSID
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Property Description
Just Steps to Swansea, Sunnylea, and the Stunning Shores of Lake Ontario! An Exceptional Income Opportunity Awaits. This Remarkable Property Features Four Self-Contained Units: Top Floor: A Chic 2-Bedroom Suite with a Cozy Fireplace, Sleek Stainless Steel Appliances, a Private Balcony, and Built-In Speakers. Main Floor: A Spacious 3-Bedroom, 2-Bathroom Residence for Ultimate Comfort. Lower Level: Two Well-Appointed Units, Perfect for Additional Income or Multi-Generational Living. Boasting an Expansive 10-Car Parking Area, a Generous Storage Shed, and a Bright Sunroom, this property seamlessly blends convenience and charm. Ideally Located for an Effortless Commute to Downtown Toronto, it is also within Walking Distance of the Tranquil Waterfront, TTC, Premier Shopping, and a Vibrant Culinary Scene. An Unmissable Opportunity in a Coveted Location!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-09-19 2022-12-19 91 $1,580,000 - Expired
Nearby Intersections
Property Features
Lake Access, Park, Place Of Worship, Public Transit, School
Property Details
Property Type
Detached, 2-Storey
Lot Size
40' x 120'
Fronting
East
Taxes
$5,443 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingGround11.09' x 12.99'Ceramic Floor, Window, Window
KitchenGround8.76' x 12.76'Ceramic Floor, Window, W/O To Yard
Prim BdrmGround11.09' x 15.42'Laminate, Window, Window
2nd BrGround10.99' x 12.60'Laminate, Window, Window
3rd BrGround10.17' x 10.99'Laminate, 4 Pc Ensuite, Window
Living2nd10.83' x 15.45'Broadloom, W/O To Balcony, Electric Fireplace
Kitchen2nd10.83' x 13.85'Ceramic Floor, Bay Window, Eat-In Kitchen
Prim Bdrm2nd10.99' x 13.85'Hardwood Floor, Bay Window, Window
2nd Br2nd10.99' x 13.25'Hardwood Floor, Window, Closet
LivingBsmt13.09' x 18.67'Ceramic Floor, Window, Window
Prim BdrmBsmt9.09' x 9.74'Ceramic Floor, 3 Pc Ensuite, Ceramic Floor
LivingBsmt13.48' x 18.50'Ceramic Floor, Window, Pot Lights
Etobicoke Market Statistics
Etobicoke Price Trend
197 Park Lawn Rd is a 5-bedroom 5-bathroom home listed for sale at $1,590,000, which is $654,103 (29.1%) lower than the average sold price of $2,244,103 in the last 30 days (January 19 - February 17). During the last 30 days the average sold price for a 5 bedroom home in Etobicoke declined by $440,370 (16.4%) compared to the previous 30 day period (December 20 - January 18) and down $60,442 (2.6%) from the same time one year ago.
Inventory Change
There were 123 5-bedroom homes listed in Etobicoke over the last 30 days (January 19 - February 17), which is up 75.7% compared with the previous 30 day period (December 20 - January 18) and up 66.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Etobicoke typically sold ($37,460) (1.7%) below asking price over the last 30 days (January 19 - February 17), which represents a $263,255 increase compared to the previous 30 day period (December 20 - January 18) and ($42,933) 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 (January 19 - February 17) stood at 32.5%, up from 27.1% over the previous 30 days (December 20 - January 18) and down from 52.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Etobicoke stood at 31 days when successfully sold over the last 30 days (January 19 - February 17), compared to 79 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Terrequity Realty
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