204 Oakcrest Ave

FOR SALE
$1,499,900
204 Oakcrest Ave, Scarborough
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
204 Oakcrest Ave
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3 + 1
BEDROOMS
3
BATHROOMS
1 + 2
KITCHENS
11 + 1
ROOMS
E8223116
MLSID
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Property Description
Attention!! Attention!! INVESTORS & END USERS! Detached Rental Property With Future Laneway Potential & Located In The Woodbine MTSA For Future Add-Value Potential!Potential to earn a 6% CAP Rate. $$ ($50K+) spent on Renovations, Furnishings & Furniture. Brand new appliances in Upper & Lower levels. New flooring, new painting, pot lights, new appliances. See it to believe it!Earn Income With 3-Units At Recent Rents With Excellent Tenants, Producing An Attractive Yield On The Property (NOI & Rent Rolls Available On Request) Easily convertible back to single family. Live in the Main floor with a private garden & generate significant Airbnb Income from the Lower & upper level units to Offset your entire mortgage. Bright 2 BR suite on the main level, Newly renovated & Upgraded Separate Upper Studio unit with Private kitchen,Full bathroom & Laundry.1br fully renovated and updated walk-up basement w/full bath & shared laundry.Well Maintained, With Timeless And High-Quality Material Selection Throughout The Home.For An Asset That Will Stand The Test Of Time! Situated On A Quiet street and A Stone's Throw From Stephenson Park. Easy Access To Go Train/Subway/Hwy, Schools, Grocery Stores & Restaurants & Cafe's & Beaches. Don't Let This Gem Of A Cash Cow Slip Away!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-12-04 2022-01-23 50 $1,275 $1,275 Leased
2021-10-30 2021-12-06 37 $1,375 - Terminated
Extras
Legal Description: PT LT 19-20 PL 499E TORONTO AS IN CA681482; S/T & T/W CA681482; CITY OF TORONTO
Nearby Intersections
Property Details
Property Type
Detached, 2-Storey
Lot Size
21' x 135'
Fronting
North
Taxes
$4,351 (2023)
Basement
Sep Entrance, Walk-Up
Exterior
Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
3
Driveway
Lane
Garage Type
None
Room Summary
RoomLevelSizeFeatures
BrGround11.19' x 11.88'O/Looks Frontyard, Large Window, Hardwood Floor
2nd BrGround9.09' x 12.17'O/Looks Backyard, Hardwood Floor, Closet
KitchenGround10.17' x 12.27'Open Concept
LivingGround12.99' x 15.49'Hardwood Floor, W/O To Garden, Combined W/Dining
3rd Br2nd12.99' x 15.49'Hardwood Floor, Large Window, South View
Living2nd12.99' x 15.49'Hardwood Floor
Kitchen2nd9.19' x 12.27'Hardwood Floor
LivingBsmt10.17' x 11.78'Window, Combined W/Dining
KitchenBsmt9.09' x 11.88'Ceramic Floor
4th BrBsmt9.19' x 12.70'Window, Double Closet
Scarborough Market Statistics
Scarborough Price Trend
204 Oakcrest Ave is a 3-bedroom 3-bathroom home listed for sale at $1,499,900, which is $115,857 (8.4%) higher than the average sold price of $1,384,043 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 3 bedroom home in Scarborough increased by $29,673 (2.2%) compared to the previous 30 day period (February 29 - March 29) and down $14,738 (1.1%) from the same time one year ago.
Inventory Change
There were 971 3-bedroom homes listed in Scarborough over the last 30 days (March 30 - April 28), which is up 18.1% compared with the previous 30 day period (February 29 - March 29) and up 24.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough typically sold $72,466 (5.2%) above asking price over the last 30 days (March 30 - April 28), which represents a $12,064 decrease compared to the previous 30 day period (February 29 - March 29) and $78,895 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 Scarborough over the last 30 days (March 30 - April 28) stood at 62.9%, down from 70.1% over the previous 30 days (February 29 - March 29) and down from 73.9% 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 Scarborough stood at 12 days when successfully sold over the last 30 days (March 30 - April 28), compared to 34 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife Landmark Realty Inc.
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