1071 Willowdale Ave
Newtonbrook East, North York, M2M 3E5
FOR SALE
$1,499,000
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Property Description
Multi-Family Development Opportunity: Detached Bungalow with Potential for 4 Units + 1 Garden Suite Under New Toronto Bylaws! This detached bungalow offers an exciting multi-family development opportunity under Torontos **new municipal bylaws**. While **permits have not yet been obtained**, the property is ideally suited for a potential development of **up to 4 units plus 1 garden suite**, making it a prime choice for builders and investors looking to capitalize on Torontos evolving housing landscape. Income Potential**: Once developed, the property could generate significant rental income from multiple units, ensuring a strong return on investment. **EXTRAS** 2 Fridge, 2 Stoves, Microwave, Washer & Dryer , All Window Coverings, All light Fixtures, & A/C.
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Nearby Intersections
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
50' x 115'
Fronting
East
Taxes
$6,810 (2024)
Basement
Apartment, Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Available
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 11.55' x 16.50' | Hardwood Floor |
Dining | Main | 8.04' x 12.11' | Hardwood Floor, W/O To Deck |
Kitchen | Main | 11.48' x 11.55' | Granite Counter, Stainless Steel Appl |
Prim Bdrm | Main | 9.45' x 14.04' | Hardwood Floor, Closet |
2nd Br | Main | 8.50' x 10.17' | Hardwood Floor, Closet |
3rd Br | Main | 8.30' x 10.17' | Hardwood Floor, Closet |
4th Br | Bsmt | 10.56' x 9.97' | Closet |
5th Br | Bsmt | 9.48' x 13.55' | Closet |
Br | Bsmt | 7.25' x 9.65' | Closet |
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North York Market Statistics
North York Price Trend
1071 Willowdale Ave is a 3-bedroom 3-bathroom home listed for sale at $1,499,000, which is $206,402 (16.0%) higher than the average sold price of $1,292,598 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in North York increased by $71,412 (5.8%) compared to the previous 30 day period (December 22 - January 20) and down $8,210 (0.6%) from the same time one year ago.Inventory Change
There were 676 3-bedroom homes listed in North York over the last 30 days (January 21 - February 19), which is up 105.5% compared with the previous 30 day period (December 22 - January 20) and up 23.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in North York typically sold $27,264 (2.1%) above asking price over the last 30 days (January 21 - February 19), which represents a $35,980 increase compared to the previous 30 day period (December 22 - January 20) and $32,657 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 3-bedroom homes in North York over the last 30 days (January 21 - February 19) stood at 52.8%, down from 53.2% over the previous 30 days (December 22 - January 20) and down from 73.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in North York stood at 22 days when successfully sold over the last 30 days (January 21 - February 19), compared to 55 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group-Admiral Realty Inc.
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