18 Homewood Ave
Newtonbrook West, North York, M2M 1J9
FOR SALE
$2,500,000
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3 + 1
BEDROOMS2
BATHROOMS1
KITCHENS6 + 2
ROOMSC11938711
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Property Description
Attention Investors, Builders, and Developers! Re-Development Opportunity at Prime Location Steps to Yonge St. in the Heart of North York to Assemble and Develop a Mixed-Use Project. Potential to add up to approx. 105,000 sq.ft* (currently 19,800 sq.ft) of land for a future Mid-rise Condo or a Multi-Block Townhouse or Purpose Built Rental Building. Prime Location First Block inside Yonge St.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-20 | 2024-11-30 | 102 | $2,650,000 | - | Expired |
Extras
Land Assembly For a Mixed Use Re-Development Opportunity!
Nearby Intersections
Yonge & Finch (250)
Yonge & Steeles (168)
Property Features
Library, Park, Public Transit, Rec Centre, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
50' x 132'
Lot Irregularities
Flat Land With No Irregularities
Fronting
North
Taxes
$5,500 (2024)
Basement
Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.01' x 10.99' | Large Window, Open Concept |
| Dining | Main | 10.01' x 12.01' | Combined W/Living, Window |
| Kitchen | Main | 10.01' x 10.99' | Large Window, Closet |
| Prim Bdrm | Main | 10.99' x 10.01' | Side Door, Window |
| 2nd Br | 2nd | 12.01' x 16.01' | Large Window, Closet |
| 3rd Br | 2nd | 10.01' x 16.01' | Large Window, Closet |
| Rec | Bsmt | 12.99' x 21.00' | B/I Bar, Panelled |
| Utility | Bsmt | 10.99' x 16.01' | Combined W/Laundry, Closet |
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North York Market Statistics
North York Price Trend
18 Homewood Ave is a 3-bedroom 2-bathroom home listed for sale at $2,500,000, which is $1,307,288 (109.6%) higher than the average sold price of $1,192,712 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in North York declined by $86,213 (6.7%) compared to the previous 30 day period (November 19 - December 18) and down $60,928 (4.9%) from the same time one year ago.Inventory Change
There were 319 3-bedroom homes listed in North York over the last 30 days (December 19 - January 17), which is down 33.8% compared with the previous 30 day period (November 19 - December 18) and up 27.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in North York typically sold ($7,431) (0.6%) below asking price over the last 30 days (December 19 - January 17), which represents a $1,931 decrease compared to the previous 30 day period (November 19 - December 18) and ($28,262) 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 3-bedroom homes in North York over the last 30 days (December 19 - January 17) stood at 61.8%, down from 100.8% over the previous 30 days (November 19 - December 18) and down from 83.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in North York stood at 37 days when successfully sold over the last 30 days (December 19 - January 17), compared to 76 days before being removed from the market upon being suspended or terminated.Listing contracted with Lsg Realty Inc.
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