2966 Islington Ave
Humber Summit, North York, M9L 2L6
FOR SALE
$1,299,000
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2 + 1
BEDROOMS2
BATHROOMS1 + 1
KITCHENS4
ROOMSW9369542
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Property Description
Are You A Real Estate Investor, Builder Or A Savvy End User? If So, We Have A Fantastic Property For You. Conveniently Nestled Between A Townhouse Complex To The South, A Commercial Building To The North And Already Setup As A Dual Income Property, 2966 Islington Avenue in North York Sitting On A Fantastic Sized Lot Offers Plenty Of Opportunities In A Thriving Community. With The Official Plan Designated For A Mixed Use Including Residential, And The Potential For Rezoning With Rentable Commercial Space, This Is An Ideal Location For Re-Development With Great Opportunity For Immediate Returns And Visionary Potential With Plenty Of Positive Movement For Increased Density Being Put Forth At The City of Toronto, As Toronto City Council, In The Very Near Term, Is Possibly Looking To Approve Townhomes and Small Six-Storey Residential Units Along Most Major Roads In The City. (Buyer To Verify and Conduct Their Own Due Diligence)
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-04 | 2024-09-26 | 22 | $1,495,000 | - | Terminated |
Nearby Intersections
Property Features
Fenced Yard, Golf, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
40' x 148'
Acreage
< .50
Fronting
West
Taxes
$3,362 (2024)
Basement
Apartment, Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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North York Market Statistics
North York Price Trend
2966 Islington Ave is a 2-bedroom 2-bathroom home listed for sale at $1,299,000, which is $141,696 (12.2%) higher than the average sold price of $1,157,304 in the last 30 days (August 28 - September 26). During the last 30 days the average sold price for a 2 bedroom home in North York increased by $69,911 (6.4%) compared to the previous 30 day period (July 29 - August 27) and up $99,715 (9.4%) from the same time one year ago.Inventory Change
There were 236 2-bedroom homes listed in North York over the last 30 days (August 28 - September 26), which is up 62.8% compared with the previous 30 day period (July 29 - August 27) and up 5.8% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in North York typically sold $8,895 (0.8%) above asking price over the last 30 days (August 28 - September 26), which represents a $5,557 increase compared to the previous 30 day period (July 29 - August 27) and $29,302 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 2-bedroom homes in North York over the last 30 days (August 28 - September 26) stood at 41.5%, down from 69.0% over the previous 30 days (July 29 - August 27) and up from 36.8% 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 14 days when successfully sold over the last 30 days (August 28 - September 26), compared to 52 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Experts
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