42 Richland Cres

FOR SALE
$1,349,000
42 Richland Cres, Etobicoke
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
42 Richland Cres
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3 + 2
BEDROOMS
3
BATHROOMS
1 + 2
KITCHENS
6 + 5
ROOMS
W9299662
MLSID
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Property Description
Stunning Investment Opportunity in Etobicoke! This freshly updated solid brick raised bungalow is close to parks, golf courses, top-rated schools, and minutes from amenities like grocery stores, restaurants, Hwy 427, 401, QEW, and public transit. This property features an attached 1-car garage and 2 driveway parking spots. It includes 3 separate apartments with a total of 5 bedrooms and 3 full washrooms. The main floor offers a spacious 3-bedroom apartment with 1 washroom, a kitchen with a dining area, and a bright living room that opens to a deck. The basement houses two apartments: one with 1 bedroom, a living room, a kitchen, and 1 washroom, and the other with a bachelor-style open space leading to a kitchen and 1 washroom. There is a separate entrance to the basement and a common hall with a washer and dryer. Great investment opportunity! Appox 2,324 sq ft .
Extras
Basement finished 2016 with sub-floor and walls thermal-insulation 2016. All plumbing redone in 2016. Electrical: new panel 100A and wires redone 2016. Windows basement 2016 and windows and doors main floor 2020.
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
2000-2500
Lot Size
45' x 124'
Fronting
West
Taxes
$4,721 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
KitchenUpper10.17' x 11.15'
BreakfastUpper7.22' x 7.87'
LivingUpper21.00' x 15.09'
Prim BdrmUpper14.53' x 13.12'
2nd BrUpper10.83' x 9.19'
3rd BrUpper10.17' x 10.66'
KitchenBsmt11.81' x 9.02'
LivingBsmt11.81' x 13.62'
4th BrBsmt9.51' x 11.15'
KitchenBsmt11.15' x 4.43'
LivingBsmt11.32' x 13.78'
5th BrBsmt11.32' x 13.78'
Etobicoke Market Statistics
Etobicoke Price Trend
42 Richland Cres is a 3-bedroom 3-bathroom home listed for sale at $1,349,000, which is $70,539 (5.5%) higher than the average sold price of $1,278,461 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 3 bedroom home in Etobicoke increased by $3,052 (0.2%) compared to the previous 30 day period (July 17 - August 15) and down $50,843 (3.8%) from the same time one year ago.
Inventory Change
There were 929 3-bedroom homes listed in Etobicoke over the last 30 days (August 16 - September 14), which is up 34.8% compared with the previous 30 day period (July 17 - August 15) and up 5.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Etobicoke typically sold ($2,281) (0.2%) below asking price over the last 30 days (August 16 - September 14), which represents a $20,078 decrease compared to the previous 30 day period (July 17 - August 15) and $34,973 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 3-bedroom homes in Etobicoke over the last 30 days (August 16 - September 14) stood at 40.7%, down from 57.9% over the previous 30 days (July 17 - August 15) and down from 44.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Etobicoke stood at 21 days when successfully sold over the last 30 days (August 16 - September 14), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Terrequity Capital Realty
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