248 Florence Ave

FOR SALE
$1,640,000
248 Florence Ave, North York
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
248 Florence Ave
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2 + 1
BEDROOMS
1
BATHROOMS
1
KITCHENS
5 + 3
ROOMS
C12019722
MLSID
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Property Description
Opportunity time for investors, builders, or end users. Introducing this all brick detached bungalow located in the prime Yonge & Sheppard area. Lovingly enjoyed for 65 years this home is in mainly original condition. It is situated on a select rectangular lot in an area that is ripe with multi-million dollar new builds, and on the only street in the neighbourhood with sidewalks on both sides. Those in the know are drawn to the area by features such as being just steps to the Sheppard-Yonge subway station, having schools, parks & hospital nearby, an easy major HWY access, and much more. Don't miss out on establishing yourself in one of Torontos most desirable communities
Nearby Intersections
Property Features
Fenced Yard, Hospital, Level, Park, Public Transit, School
Property Details
Property Type
Detached, Bungalow
Lot Size
40' x 130'
Fronting
North
Taxes
$7,503 (2024)
Basement
Finished, Full
Exterior
Brick, Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
1
Driveway
Front Yard
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
FoyerGround3.58' x 5.74'
LivingGround11.68' x 14.67'Hardwood Floor, Fireplace
DiningGround11.68' x 7.51'Hardwood Floor
KitchenGround9.09' x 11.15'Eat-In Kitchen, Laminate
Prim BdrmGround9.25' x 14.01'Hardwood Floor
2nd BrGround9.15' x 10.43'Hardwood Floor
OtherBsmt5.68' x 16.57'
FamilyBsmt10.99' x 11.32'
BrBsmt10.17' x 10.99'
Common RmBsmt10.17' x 10.99'
UtilityBsmt10.99' x 14.67'
LaundryBsmt7.25' x 9.32'
North York Market Statistics
North York Price Trend
248 Florence Ave is a 2-bedroom 1-bathroom home listed for sale at $1,640,000, which is $519,015 (46.3%) 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 1-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 Royal Lepage Burloak Real Estate Services
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