45 Strathmore Blvd
Danforth, Scarborough, M4C 1N5
FOR SALE
$1,725,000
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4 + 1
BEDROOMS5
BATHROOMS3 + 1
KITCHENS9 + 1
ROOMSE10430683
MLSIDContact Us
Property Description
Marvelous opportunity! Incredible location. Easy passive income with a 4.37% cap rate. Great spaces with natural light. A+ tenants. Multi-unit property with significant upgrade features, including 1x2 bedroom unit, 2x1 bedroom units on the second and third floor, and a bachelor in the basement. The secure common entrance features laundry and bike storage. The first level unit has a renovated kitchen, plenty of counter space with clever hotplates, and access to a sun-drenched south-facing backyard. One bedroom is on the main floor, and a second is in the basement, with a large bathroom and plenty of storage. The second floor has a large one-bedroom and loads of light. The third floor has a loft-like one-bedroom unit with a walkout to a small balcony and a fantastic unobstructed view. The high basement also features a sun-filled bachelor with a brand new walk-out and separate entrance with new foundations and a sump pump. The Solid double-car garage has laneway housing potential. Conveniently located right just steps from the subway and public transit.
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Extras
Amazing A+ tenants. Great rental income. Currently 4.2% cap rate. See attached financials.
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Detached, 3-Storey
Lot Size
20' x 125'
Fronting
South
Taxes
$6,745 (2024)
Basement
Finished, Sep Entrance
Exterior
Alum Siding, Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Driveway
Lane
Garage Type
Detached
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Scarborough Market Statistics
Scarborough Price Trend
45 Strathmore Blvd is a 4-bedroom 5-bathroom home listed for sale at $1,725,000, which is $126,354 (6.8%) lower than the average sold price of $1,851,354 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 4 bedroom home in Scarborough declined by $114,988 (5.8%) compared to the previous 30 day period (September 24 - October 23) and down $124,716 (6.3%) from the same time one year ago.Inventory Change
There were 497 4-bedroom homes listed in Scarborough over the last 30 days (October 24 - November 22), which is down 28.4% compared with the previous 30 day period (September 24 - October 23) and up 8.8% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Scarborough typically sold ($36,285) (2.0%) below asking price over the last 30 days (October 24 - November 22), which represents a $10,699 decrease compared to the previous 30 day period (September 24 - October 23) and ($65,210) 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 (October 24 - November 22) stood at 54.9%, up from 45.5% over the previous 30 days (September 24 - October 23) and up from 51.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Scarborough stood at 24 days when successfully sold over the last 30 days (October 24 - November 22), compared to 51 days before being removed from the market upon being suspended or terminated.Listing contracted with Union Realty Brokerage Inc.
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