12 centre Ave
Newtonbrook East, North York, M2M 2L3
FOR SALE
$6,800,000
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Property Description
Fantastic property with Developmental potential, over 301 feet depth, Third property from Yonge street, Official plan is calling for high rises up to 50 stories in the area, surrounded by properties that applied for high rises, Mainly land value, the house in as is condition, Please book showing to walk into the property.
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Nearby Intersections
Property Features
Arts Centre, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
50' x 302'
Fronting
North
Taxes
$8,222 (2023)
Basement
Finished
Exterior
Stucco/Plaster
Heat Type
Other
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Detached
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North York Market Statistics
North York Price Trend
12 centre Ave is a 2-bedroom 2-bathroom home listed for sale at $6,800,000, which is $5,679,015 (506.6%) higher than the average sold price of $1,120,985 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in North York increased by $58,129 (5.5%) compared to the previous 30 day period (December 22 - January 20) and up $73,510 (7.0%) from the same time one year ago.Inventory Change
There were 118 2-bedroom homes listed in North York over the last 30 days (January 21 - February 19), which is up 61.6% compared with the previous 30 day period (December 22 - January 20) and up 10.3% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in North York typically sold $34,443 (3.1%) above asking price over the last 30 days (January 21 - February 19), which represents a $44,192 increase compared to the previous 30 day period (December 22 - January 20) and $30,021 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 2-bedroom homes in North York over the last 30 days (January 21 - February 19) stood at 50.0%, down from 50.7% over the previous 30 days (December 22 - January 20) and down from 61.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in North York stood at 21 days when successfully sold over the last 30 days (January 21 - February 19), compared to 83 days before being removed from the market upon being suspended or terminated.Listing contracted with Realty Way Corporation
Similar Listings
**Priced to Sell** Fully assembled property in a highly sought-after location, offering exceptional potential for redevelopment into multi-family apartment or retirement living. Strategic location situated on a busy street ensuring each access to public transportation and assessibility. Perfect for developers looking for a promising, supported and high return project. **Motivated Seller** **EXTRAS** Drawings for two retirement home buildings with a potential for 300 units on 2.5acres land. 6405 and 6415 Kingston Rd being sold together.
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**Priced to Sell** Fully assembled property in a highly sought-after location, offering exceptional potential for redevelopment into multi-family apartment or retirement living. Strategic location situated on a busy street ensuring each access to public transportation and assessibility. Perfect for developers looking for a promising, supported and high return project. **Motivated Seller** **EXTRAS** Drawings for two retirement home buildings with a potential for 300 units on 2.5acres land. 6405 and 6415 Kingston Rd being sold together.
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