16 Glenelia Ave
Newtonbrook East, North York, M2M 2K7
FOR SALE
$2,024,000
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4 + 2
BEDROOMS3
BATHROOMS1 + 1
KITCHENS6 + 2
ROOMSC9387691
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Property Description
Located in the prestigious Willowdale neighbourhood, this spacious two-story home sits on a large 60 x 125 ft lot and offers a prime opportunity for home buyers, investors, or builders. The property includes 4 bedrooms on the second floor and a walk-out basement unit, both currently tenanted, making it perfect for those looking to supplement their mortgage with rental income or for investors seeking a stable revenue stream.The family room on the main floor includes a fireplace, and the layout is designed to maximize natural light throughout.With easy access to TTC, shopping, parks, and highly-ranked schools, this property offers both convenience and flexibility. Builders will also appreciate the large lot for future development opportunities. This is a rare find in a sought-after neighbourhood.
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
60' x 125'
Fronting
North
Taxes
$8,476 (2024)
Basement
Fin W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
Built-In
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Other | Main | 5.74' x 7.09' | |
| Dining | Main | 9.58' x 10.60' | |
| Living | Main | 12.01' x 17.91' | |
| Kitchen | Main | 8.50' x 10.60' | |
| Prim Bdrm | 2nd | 9.51' x 25.66' | |
| 2nd Br | 2nd | 12.50' x 14.93' | |
| 3rd Br | 2nd | 10.93' x 11.91' | |
| 4th Br | 2nd | 9.15' x 14.34' |
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North York Market Statistics
North York Price Trend
16 Glenelia Ave is a 4-bedroom 3-bathroom home listed for sale at $2,024,000, which is $22,471 (1.1%) higher than the average sold price of $2,001,529 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 4 bedroom home in North York increased by $81,486 (4.2%) compared to the previous 30 day period (August 18 - September 16) and down $72,680 (3.5%) from the same time one year ago.Inventory Change
There were 747 4-bedroom homes listed in North York over the last 30 days (September 17 - October 16), which is up 30.4% compared with the previous 30 day period (August 18 - September 16) and up 10.8% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in North York typically sold ($20,250) (1.0%) below asking price over the last 30 days (September 17 - October 16), which represents a $15,235 increase compared to the previous 30 day period (August 18 - September 16) and $1,963 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 4-bedroom homes in North York over the last 30 days (September 17 - October 16) stood at 40.2%, up from 31.9% over the previous 30 days (August 18 - September 16) and up from 35.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in North York stood at 19 days when successfully sold over the last 30 days (September 17 - October 16), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Gate Real Estate Inc.
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