24 Homewood Ave
Newtonbrook West, North York, M2M 1J9
FOR SALE
$2,650,000
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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. Multiple Adjacent lots are available for land assembly. Potential to add up to approx. 105,000 sq.ft* (currently 26,400 sq.ft) of land for a future Mid-rise Condo or Townhouses or a Premium Rental Building. Prime Location First Block inside Yonge St. Do Not Go Direct! Please book an appointment to walk the property only.
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Extras
Property Part of a Future Land Assembly. Tremendous Development Opportunity Near Yonge St. in North York!
Nearby Intersections
Yonge & Finch (334)
Yonge & Steeles (235)
Property Features
Level, Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
50' x 132'
Fronting
North
Taxes
$5,900 (2024)
Basement
Part Fin
Exterior
Alum Siding, 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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North York Market Statistics
North York Price Trend
24 Homewood Ave is a 3-bedroom 2-bathroom home listed for sale at $2,650,000, which is $1,372,941 (107.5%) higher than the average sold price of $1,277,059 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 3 bedroom home in North York declined by $11,079 (0.9%) compared to the previous 30 day period (July 20 - August 18) and down $55,861 (4.2%) from the same time one year ago.Inventory Change
There were 935 3-bedroom homes listed in North York over the last 30 days (August 19 - September 17), which is up 44.5% compared with the previous 30 day period (July 20 - August 18) and up 15.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in North York typically sold $6,433 (0.5%) above asking price over the last 30 days (August 19 - September 17), which represents a $6,730 decrease compared to the previous 30 day period (July 20 - August 18) and $37,194 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 (August 19 - September 17) stood at 42.2%, down from 58.4% over the previous 30 days (July 20 - August 18) and down from 42.9% 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 20 days when successfully sold over the last 30 days (August 19 - September 17), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife Eagle Realty Inc.
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