Toronto, Newtonbrook West, M2R 2Y3
$1,750,000
Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY.
Discover the potential of this expansive 1/3-acre lot, offering a remarkable 62-foot frontage that expands to an impressive 107 feet at the rear, with a depth extending beyond 200 feet. This spacious property is one of the largest in the area, totaling 13,494 square feet according to MPAC, making it an ideal candidate for severance and development. The current home, meticulously renovated from the roof down to the basement in 2018, provides a turn-key solution with modern amenities and a large backyard perfect for family enjoyment. It includes a separate basement apartment complete with its own kitchen and washer/dryer, offering the potential for future rental income. For contractors and developers, this lot represents a fantastic opportunity. With new housing development regulations in Toronto, there's significant potential to sever the lot and build two large, custom detached homes. Explore the possibilities this generous property offers and capitalize on the evolving real estate market.
Located At The End Of A Quiet Cul de Sac, And Surrounded By Some Of The Top Rated Schools In Toronto. Earl Haig, William Lyon Mackenzie.
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.