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BEDROOMS3
BATHROOMS3
KITCHENS13
ROOMSW11903828
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Property Description
The Offering represents an opportunity for a multi-generational family or investors to acquire turn key, 100% tenanted property which has undergone extensive renovations in 2021.This Triplex provides a GFA of ~3,000 square feet and is nestled on a 31.71 ft x 99.75 ft lot. The units comprise of 2 - Two Bedroom + 1 Full bathroom; 1 - Two Bedroom + Den + 1 Full Bathroom. Each unit is fully self contained and has its own parking space. The property is located in a vibrant community - district of Mimico is a Toronto neighborhood packed with character and community. Being an older residential area, remnants of the past sprinkle the neighborhood, which has developed its own local charm. With nearby neighborhoods of New Toronto, Stone gate Queensway and Long Brach. It is bordered by major arterial routes including the Gardiner Expressway, QEW, HWY #427 and Lake Ontario to the south. The property is walking distance to some highly ranked schools, parks, restaurants, shops, and has easy access to the GO Train, subway and TTC
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-16 | 2024-07-19 | 3 | $2,950 | - | Terminated |
| 2023-07-07 | 2023-07-13 | 6 | $2,800 | $2,800 | Leased |
Nearby Intersections
Property Features
Hospital, Lake/Pond, Library, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Triplex, 3-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
32' x 100'
Acreage
.50-1.99
Fronting
East
Taxes
$5,822 (2024)
Basement
Apartment
Exterior
Brick
Heat Type
Other
Heat Source
Other
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
None
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Etobicoke Market Statistics
Etobicoke Price Trend
391 Royal York Rd is a 6-bedroom 3-bathroom home listed for sale at $2,025,000, which is $17,500 (0.9%) lower than the average sold price of $2,042,500 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 6 bedroom home in Etobicoke declined by $923,500 (31.1%) compared to the previous 30 day period (November 18 - December 17) and up $58,100 (2.9%) from the same time one year ago.Inventory Change
There were 18 6-bedroom homes listed in Etobicoke over the last 30 days (December 18 - January 16), which is up 38.5% compared with the previous 30 day period (November 18 - December 17) and up 350.0% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Etobicoke typically sold ($182,500) (8.9%) below asking price over the last 30 days (December 18 - January 16), which represents a $172,358 decrease compared to the previous 30 day period (November 18 - December 17) and ($79,180) 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 6-bedroom homes in Etobicoke over the last 30 days (December 18 - January 16) stood at 11.1%, down from 53.8% over the previous 30 days (November 18 - December 17) and down from 125.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 3-bathroom home in Etobicoke stood at 63 days when successfully sold over the last 30 days (December 18 - January 16), compared to 126 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Premier Inc.
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