434 Victoria Park Ave
East End-Danforth, Scarborough, M4E 3T2
FOR SALE
$1,749,000
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5 + 1
BEDROOMS4
BATHROOMS2 + 1
KITCHENS11 + 3
ROOMSE11988329
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Property Description
Legal Triplex Rare Opportunity! This meticulously constructed legal triplex generates over $100K in gross annual rent. Each unit comes complete with its own laundry area, making it ideal for both long-term and short-term rentals an exceptional investment opportunity. Built recently to meet the latest building codes and permit standards, this property offers lasting peace of mind. Located in the heart of the beaches, every unit has been thoughtfully renovated with superior craftsmanship and premium finishes, blending elegance with functionality. Key features include: A detached double car garage providing ample parking and storage, plus additional driveway parking. Two furnaces, two tankless hot water tanks, and two AC units ensuring efficient climate control while the basement and main floor share one system, the upper unit enjoys its own dedicated setup. Three hydro meters and two gas meters for straightforward landlord maintenance. Don't miss your chance to own this turnkey investment property or spacious residence with significant income potential in a prime location. Experience modern living and exceptional investment convenience with this remarkable triplex, offered with two vacant units.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-05 | 2025-01-15 | 132 | $1,800,888 | - | Terminated |
| 2024-06-06 | 2024-09-05 | 91 | $1,900,888 | - | Terminated |
| 2024-04-11 | 2024-06-05 | 55 | $2,499,888 | - | Terminated |
| 2024-04-11 | 2024-06-04 | 54 | $2,499,888 | - | Suspended |
| 2024-01-25 | 2024-02-28 | 34 | $2,890,000 | - | Terminated |
| 2024-01-25 | 2024-02-20 | 26 | $2,890,000 | - | Suspended |
| 2023-08-14 | 2023-11-20 | 98 | $2,890,000 | - | Suspended |
| 2022-07-11 | 2022-08-26 | 51 | $3,190,000 | - | Suspended |
Nearby Intersections
Property Features
Beach, Golf, Public Transit, School
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Property Details
Street
Community
City
Property Type
Triplex, 3-Storey
Lot Size
25' x 108'
Fronting
West
Taxes
$4,620 (2024)
Basement
Apartment, Sep Entrance
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.15' x 11.38' | Ceramic Floor, Window, Combined W/Kitchen |
| Dining | Main | 8.92' x 7.38' | Stainless Steel Appl, Granite Counter, Combined W/Dining |
| Kitchen | Main | 11.38' x 6.56' | Ceramic Floor, Open Concept, Combined W/Kitchen |
| Prim Bdrm | Main | 16.54' x 10.07' | Walk-in Bath, Large Window, W/I Closet |
| 2nd Br | Main | 9.42' x 10.76' | Hardwood Floor, Large Window, Closet |
| Dining | 2nd | 17.42' x 9.97' | Open Concept, Combined W/Kitchen, Combined W/Living |
| Kitchen | 2nd | 15.65' x 7.68' | Ceramic Floor, Stainless Steel Appl, Combined W/Living |
| 3rd Br | 2nd | 11.22' x 10.30' | Hardwood Floor, Window, Closet |
| 4th Br | 2nd | 10.30' x 10.50' | Hardwood Floor, W/I Closet, Skylight |
| Prim Bdrm | 3rd | 14.67' x 14.14' | Hardwood Floor, 3 Pc Ensuite, Closet |
| Kitchen | Bsmt | 12.93' x 11.29' | Combined W/Dining, Combined W/Living |
| Br | Bsmt | 15.29' x 13.06' | 3 Pc Ensuite |
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Scarborough Market Statistics
Scarborough Price Trend
434 Victoria Park Ave is a 5-bedroom 4-bathroom home listed for sale at $1,749,000, which is $508,740 (22.5%) lower than the average sold price of $2,257,740 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Scarborough declined by $417,786 (15.6%) compared to the previous 30 day period (December 22 - January 20) and down $43,645 (1.9%) from the same time one year ago.Inventory Change
There were 122 5-bedroom homes listed in Scarborough over the last 30 days (January 21 - February 19), which is up 71.8% compared with the previous 30 day period (December 22 - January 20) and up 60.5% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Scarborough typically sold ($33,435) (1.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $266,747 increase compared to the previous 30 day period (December 22 - January 20) and ($36,659) 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 5-bedroom homes in Scarborough over the last 30 days (January 21 - February 19) stood at 31.1%, up from 26.8% over the previous 30 days (December 22 - January 20) and down from 48.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Scarborough stood at 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Premier Inc.
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