65 Fortieth St
Long Branch, Etobicoke, M8W 3M8
FOR SALE
$1,699,000
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Property Description
******Attention builders and investors******This property is prepared for construction and is suitable for a 5-unit rental, with permits ready. It comprises four separate units spread across two floors, along with an additional unit in the basement with a walkout entrance. Additionally, there is an option to divide the lot into two 25-foot frontage detached or semi-detached units.The property's location is ideal, conveniently situated within walking distance to public transportation such as buses and streetcars, the GO train, as well as the lake, and close to shops and grocery stores. All drawings and architectural designs are completed and will be provided to interested buyers.Currently, the house is rented on a month-to-month basis.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-05-07 | 2024-08-06 | 91 | $1,748,000 | - | Suspended |
Nearby Intersections
Lake Shore & Browns (24)
Property Features
Grnbelt/Conserv, Marina, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
50' x 117'
Fronting
East
Taxes
$3,750 (2024)
Basement
Sep Entrance, Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 9.38' x 9.97' | Window, Vinyl Floor |
Living | Main | 10.99' x 13.39' | Window, Combined W/Dining, Laminate |
Dining | Main | 9.97' x 9.97' | Window, Combined W/Living, Laminate |
Prim Bdrm | Main | 9.97' x 11.98' | Closet, Window, Laminate |
2nd Br | Main | 8.99' x 10.99' | Closet, Window, Laminate |
Rec | Bsmt | 21.00' x 35.99' |
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Etobicoke Market Statistics
Etobicoke Price Trend
65 Fortieth St is a 2-bedroom 1-bathroom home listed for sale at $1,699,000, which is $578,015 (51.6%) higher than the average sold price of $1,120,985 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in Etobicoke increased by $58,129 (5.5%) compared to the previous 30 day period (December 22 - January 20) and up $73,510 (7.0%) from the same time one year ago.Inventory Change
There were 118 2-bedroom homes listed in Etobicoke over the last 30 days (January 21 - February 19), which is up 61.6% compared with the previous 30 day period (December 22 - January 20) and up 10.3% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Etobicoke typically sold $34,443 (3.1%) above asking price over the last 30 days (January 21 - February 19), which represents a $44,192 increase compared to the previous 30 day period (December 22 - January 20) and $30,021 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 2-bedroom homes in Etobicoke over the last 30 days (January 21 - February 19) stood at 50.0%, down from 50.7% over the previous 30 days (December 22 - January 20) and down from 61.7% 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 21 days when successfully sold over the last 30 days (January 21 - February 19), compared to 83 days before being removed from the market upon being suspended or terminated.Listing contracted with Max Realty Solutions Ltd.
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