20 Wineva Ave
The Beaches, Scarborough, M4E 2S9
FOR SALE
$2,679,000
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4 + 2
BEDROOMS3
BATHROOMS2 + 1
KITCHENS6
ROOMSE11942862
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Property Description
An exceptional investment opportunity awaits with this fully renovated triplex, offering three beautifully designed 2-bedroom, 1-bathroom suites in a prime waterfront location. Each unit showcases thoughtful design work, featuring fully equipped kitchens with full-sized, state-of-the-art appliances, ensuite laundry, and spacious living areas, blending modern style with everyday comfort. The newly finished 2-bedroom basement unit boasts impressive 7-foot ceilings and in-floor heating, adding significant income potential while maintaining the same high-end finishes found throughout the property. Each suite includes its own independent heating and cooling systems, ensuring personalized comfort and energy efficiency. Ideally situated just steps from the beach and Queen St, this property offers stunning water views and unbeatable access to shops, dining, and transit. With parking for 4 cars, tenant convenience is a given. Whether you're looking to expand your investment portfolio or planning for the future, this property offers excellent flexibility providing strong rental income now, with the option to owner-occupy down the road while generating passive income. Don't miss this chance to own a turnkey, high-performing triplex in a sought-after waterfront neighbourhood.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-12-17 | 2025-01-16 | 30 | $2,895 | $2,895 | Leased |
Property Features
Beach, Lake Access, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
18' x 124'
Fronting
West
Taxes
$8,312 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Lane
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.53' x 13.58' | Fireplace, Pot Lights, Combined W/Dining |
| Dining | Main | 9.81' x 17.16' | Large Window, Pot Lights, Open Concept |
| Kitchen | Main | 8.96' x 17.16' | Stainless Steel Appl, Pot Lights, Pantry |
| Prim Bdrm | Main | 9.09' x 11.94' | B/I Closet, Window |
| 2nd Br | Main | 9.02' x 11.75' | B/I Closet, Window |
| Living | Upper | 14.53' x 13.58' | Fireplace, Pot Lights, Combined W/Dining |
| Dining | Upper | 9.81' x 17.16' | Large Window, Pot Lights, Open Concept |
| Kitchen | Upper | 8.96' x 17.16' | Stainless Steel Appl, Pot Lights, Pantry |
| Prim Bdrm | Upper | 9.09' x 11.94' | B/I Closet, Window |
| 2nd Br | Upper | 9.02' x 11.75' | B/I Closet, Window |
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Scarborough Market Statistics
Scarborough Price Trend
20 Wineva Ave is a 4-bedroom 3-bathroom home listed for sale at $2,679,000, which is $1,087,155 (68.3%) higher than the average sold price of $1,591,845 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 4 bedroom home in Scarborough declined by $294,828 (15.6%) compared to the previous 30 day period (November 19 - December 18) and down $105,045 (6.2%) from the same time one year ago.Inventory Change
There were 234 4-bedroom homes listed in Scarborough over the last 30 days (December 19 - January 17), which is down 21.5% compared with the previous 30 day period (November 19 - December 18) and up 66.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Scarborough typically sold ($26,023) (1.6%) below asking price over the last 30 days (December 19 - January 17), which represents a $15,789 increase compared to the previous 30 day period (November 19 - December 18) and ($80,967) 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 4-bedroom homes in Scarborough over the last 30 days (December 19 - January 17) stood at 52.6%, down from 72.1% over the previous 30 days (November 19 - December 18) and down from 62.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Scarborough stood at 39 days when successfully sold over the last 30 days (December 19 - January 17), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Richards Group Realty Ltd.
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