45 Strathmore Blvd
Danforth, Scarborough, M4C 1N5
FOR SALE
$1,639,000
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4 + 1
BEDROOMS5
BATHROOMS3 + 1
KITCHENS9 + 1
ROOMSE11908409
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Property Description
Marvelous opportunity! Incredible location. Easy passive income with a 4.7% 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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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-11-19 | 2025-01-06 | 48 | $1,725,000 | - | Terminated |
Extras
Amazing A+ tenants. Great rental income. Currently 4.7% 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 $1,639,000, which is $47,484 (3.0%) higher than the average sold price of $1,591,516 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 4 bedroom home in Scarborough declined by $319,576 (16.7%) compared to the previous 30 day period (November 18 - December 17) and down $91,149 (5.4%) from the same time one year ago.Inventory Change
There were 227 4-bedroom homes listed in Scarborough over the last 30 days (December 18 - January 16), which is down 21.5% compared with the previous 30 day period (November 18 - December 17) and up 72.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Scarborough typically sold ($29,679) (1.9%) below asking price over the last 30 days (December 18 - January 16), which represents a $7,645 increase compared to the previous 30 day period (November 18 - December 17) and ($81,790) 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 (December 18 - January 16) stood at 53.7%, down from 77.9% over the previous 30 days (November 18 - December 17) and down from 72.7% 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 40 days when successfully sold over the last 30 days (December 18 - January 16), compared to 78 days before being removed from the market upon being suspended or terminated.Listing contracted with Union Realty Brokerage Inc.
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