7 B Orrell Ave
Islington-City Centre West, Etobicoke, M9A 1K1
FOR SALE
$2,125,000
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Property Description
Opportunities like this are disappearing with each new build along storied Islington Golf Course. Only one other original home on golf side of Orrell Ave. The costly time & financial expense require to both apply for & secure severance, permit to demolish, permit to build & architectural plans have been completed. It is effectively build ready. Building plans, drawings & permits will be provided. Existing dwelling to be town down, at Seller's expense, prior to conveyance of ownership to Buyer. Bucolic Golf course views of Islington Golf Course, amidst multi million dollar homes. Short bus or walk to Islington Subway. Dream location for your dream home. Buy Land! They aren't making it anymore!
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
48' x 116'
Fronting
South
Taxes
$6,300 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Attached
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Etobicoke Market Statistics
Etobicoke Price Trend
7 B Orrell Ave is a 0-bedroom 0-bathroom home listed for sale at $2,125,000, which is $1,532,417 (258.6%) higher than the average sold price of $592,583 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 0 bedroom home in Etobicoke increased by $83,633 (16.4%) compared to the previous 30 day period (November 19 - December 18) and down $817,467 (58.0%) from the same time one year ago.Inventory Change
There were 1 0-bedroom homes listed in Etobicoke over the last 30 days (December 19 - January 17), which is down 75.0% compared with the previous 30 day period (November 19 - December 18) and down 75.0% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom homes in Etobicoke typically sold $7,833 (1.3%) above asking price over the last 30 days (December 19 - January 17), which represents a $19,633 increase compared to the previous 30 day period (November 19 - December 18) and ($33,950) 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 0-bedroom homes in Etobicoke over the last 30 days (December 19 - January 17) stood at 600.0%, up from 100.0% over the previous 30 days (November 19 - December 18) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 0-bedroom 0-bathroom home in Etobicoke stood at 12 days when successfully sold over the last 30 days (December 19 - January 17), compared to 122 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Professionals Inc.
Similar Listings
Opportunities like this are disappearing with each new build along storied Islington Golf Course. Only one other original home on golf side of Orrell Ave. The costly time & financial expense required to both apply for & secure severance, permit to demolish, permit to build and architectural plans, have been completed. It is effectively build ready. Building Permits, building plans, drawings & permits majority of permits completed. Existing dwelling to be torn down, at Seller's expense, prior to conveyance of ownership to Buyer. Bucolic Golf course views of Islington Golf Course, amidst multi million dollar homes. Short bus or walk to Islington Subway. Dream location for your dream home. Buy Land! They aren't making it anymore!
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