62 Elder Ave
Long Branch, Etobicoke, M8W 1S4
FOR SALE
$1,200,000
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Property Description
Fantastic opportunity for builders and developers in the sought-after Long Branch area! We are pleased to present two adjacent properties for sale, each boasting a generous lot size of 36x125 feet. 62 Elder Ave. is listed together with 64 Elder Ave MLS # W8197940. Each lot priced at $1,200,000. These two properties together offer the potential to become three separate building lots upon city approval. This prime land offers the chance to create custom-built homes or multi-unit residences in a desirable neighbourhood known for its charm and convenience. Many lots in this neighbourhood have undergone similar types of transformation. Reach out and we can share details. The prime and vibrant Long Branch community is known for picturesque tree-lined streets, proximity to the lake, and a friendly atmosphere. Residents enjoy leisurely strolls along the nearby waterfront, exploring quaint local shops and eateries along Lake Shore Boulevard, and soaking up the sun at several parks and beaches. Don't miss out on this exceptional opportunity to shape the future of this coveted area with your next project.
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Property Features
Fenced Yard, Other, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
< 700
Lot Size
36' x 125'
Fronting
South
Taxes
$3,158 (2023)
Basement
Full, Part Fin
Exterior
Brick Front, Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.15' x 13.12' | Hardwood Floor, Window |
| Kitchen | Main | 10.83' x 9.51' | Eat-In Kitchen, Window |
| Prim Bdrm | Main | 10.83' x 9.19' | Hardwood Floor, Window, Closet |
| 2nd Br | Main | 11.15' x 8.20' | Hardwood Floor, Window, Closet |
| Bathroom | Main | 8.20' x 4.92' | 3 Pc Bath |
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Etobicoke Market Statistics
Etobicoke Price Trend
62 Elder Ave is a 2-bedroom 1-bathroom home listed for sale at $1,200,000, which is $109,071 (10.0%) higher than the average sold price of $1,090,929 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 2 bedroom home in Etobicoke declined by $72,813 (6.3%) compared to the previous 30 day period (February 29 - March 29) and down $277,807 (20.3%) from the same time one year ago.Inventory Change
There were 204 2-bedroom homes listed in Etobicoke over the last 30 days (March 30 - April 28), which is up 36.9% compared with the previous 30 day period (February 29 - March 29) and up 30.8% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Etobicoke typically sold $83,605 (7.7%) above asking price over the last 30 days (March 30 - April 28), which represents a $9,558 increase compared to the previous 30 day period (February 29 - March 29) and $248,879 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 (March 30 - April 28) stood at 66.2%, down from 69.1% over the previous 30 days (February 29 - March 29) and down from 74.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Etobicoke stood at 12 days when successfully sold over the last 30 days (March 30 - April 28), compared to 42 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Real Estate Associates-Bradica Group
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