434 Victoria Park Ave
East End-Danforth, Scarborough, M4E 3T2
FOR SALE
$2,499,888
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5 + 1
BEDROOMS4
BATHROOMS2 + 1
KITCHENS11 + 3
ROOMSE8227406
MLSIDContact Us
Property Description
Welcome to this impeccably crafted legal triplex with a gross rent of over $100k annually, and FULLY FURNISHED and all with their own laundry. Long term or short term rental - this is the perfect investment opportunity. built recently with adherence to updated building codes and permits, ensuring peace of mind for years to come. In the heart of the beaches Strategically designed for maximum functionality and income potential, each unit has been renovated with superior craftsmanship, boasting top-quality finishes throughout. No expense has been spared, guaranteeing a residence that radiates both elegance and functionality. The property includes a detached double car garage, providing ample parking and storage space, and driveway parking. The property is equipped with two furnaces, two tankless hot water tanks, and two AC units, ensuring efficient climate control and comfort. The basement and main floor share one furnace and AC unit, while the upper unit has their own dedicated systems. 3 Hydro meters and 2 gas meters make this property very easy for a landlord to maintain. Don't miss this opportunity to own a turnkey investment property or a spacious residence with income potential in a prime location. Experience the epitome of modern living and investment convenience with this exceptional triplex. To be sold with 2 vacant units!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 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 |
Extras
Close To All Amenities, Public Transit, 5 Minute Drive to the Lake, and MORE!
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
$4,613 (2023)
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 $2,499,888, which is $223,255 (8.2%) lower than the average sold price of $2,723,143 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 5 bedroom home in Scarborough increased by $371,687 (15.8%) compared to the previous 30 day period (February 29 - March 29) and down $96,925 (3.4%) from the same time one year ago.Inventory Change
There were 132 5-bedroom homes listed in Scarborough over the last 30 days (March 30 - April 28), which is up 18.9% compared with the previous 30 day period (February 29 - March 29) and up 20.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Scarborough typically sold ($32,410) (1.2%) below asking price over the last 30 days (March 30 - April 28), which represents a $21,076 decrease compared to the previous 30 day period (February 29 - March 29) and $1,826 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 5-bedroom homes in Scarborough over the last 30 days (March 30 - April 28) stood at 40.9%, down from 51.4% over the previous 30 days (February 29 - March 29) and down from 65.5% 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 15 days when successfully sold over the last 30 days (March 30 - April 28), compared to 60 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Experts
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