263 Oak Park Ave
Woodbine-Lumsden, Scarborough, M4C 4N4
FOR SALE
$2,090,000
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BEDROOMS3
BATHROOMS3
KITCHENS9
ROOMSE7323000
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Property Description
100K+ gross income potential! Amazing Legal Triplex, property zoned for a 6 plex, park 4 car garage, three 2 bedroom units, its like owning 3 houses in one, close to the beaches, close to downtown, walking distance to the hockey arena, walking distance to Stan Wadlow Park, walking distance to conservation area trails, public pool, curling arena, everything you could ever want is close by.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-07-07 | 2023-10-07 | 93 | $2,388,888 | - | Expired |
2023-01-16 | 2023-05-15 | 121 | $2,488,888 | - | Expired |
2019-04-26 | 2019-07-31 | 98 | $1,999,000 | - | Expired |
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Property Details
Street
Community
City
Property Type
Triplex, 2 1/2 Storey
Lot Size
38' x 134'
Fronting
West
Taxes
$6,600 (2023)
Basement
Half
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
12
Driveway
Private
Garage Type
Detached
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Scarborough Market Statistics
Scarborough Price Trend
263 Oak Park Ave is a 6-bedroom 3-bathroom home listed for sale at $2,090,000, which is $1,247,414 (37.4%) lower than the average sold price of $3,337,414 in the last 30 days (April 4 - May 3). During the last 30 days the average sold price for a 6 bedroom home in Scarborough increased by $1,174,303 (54.3%) compared to the previous 30 day period (March 5 - April 3) and up $834,409 (33.3%) from the same time one year ago.Inventory Change
There were 31 6-bedroom homes listed in Scarborough over the last 30 days (April 4 - May 3), which is up 40.9% compared with the previous 30 day period (March 5 - April 3) and down 8.8% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Scarborough typically sold $45,580 (1.4%) above asking price over the last 30 days (April 4 - May 3), which represents a $97,013 increase compared to the previous 30 day period (March 5 - April 3) and $23,405 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 6-bedroom homes in Scarborough over the last 30 days (April 4 - May 3) stood at 64.5%, up from 40.9% over the previous 30 days (March 5 - April 3) and up from 29.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 3-bathroom home in Scarborough stood at 18 days when successfully sold over the last 30 days (April 4 - May 3), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Landmark Realty Ltd.
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Welcome to this exceptional investment opportunity in Corso Italia, Toronto! This triplex features three fully rented 2-bedroom units, each boasting a 4-piece bathroom for maximum tenant comfort. With the added convenience of four separate hydro meters and three separate hot water tanks, managing utilities is a breeze. The property includes coin laundry facilities, enhancing its appeal for both landlord and tenants. Enjoy the convenience of a 2-car detached driveway with Laneway access, making parking a hassle-free experience. Don't miss out on this turnkey investment with a solid rental history.
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ATTENTION TO ALL INVESTORS!!! An amazing investment opportunity!! This large legal triplex, 3 bedroom apartments on each floor with balconies on a huge lot 50x120 feet with 100% occupancy, excellent Cap rate and great ROI brings you a good cash flow with a potential to increase. Located in the sought out "Sherway Gardens" community with easy access to parks, schools, Trillium Hospital, Humber College, Plazas, Grocery store, Banks, Highways & TTC. 15 mins from Toronto Downtown. This incredible, very well maintained property comes with lots of upgrades AC 2020, Furnace 2020, Windows 2012 & Floors 2019. Upgraded kitchens with quartz countertops, upgraded washrooms with glass standing showers. Don't miss this Opportunity!!!
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