2972 Bayview Ave
Willowdale East, North York, M2N 5K7
FOR SALE
$1,988,000
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2 + 1
BEDROOMS3
BATHROOMS1
KITCHENS6 + 3
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Property Description
***RD Zoning**Great opportunity for home office, Day Nursery, investment, rental property, multi-unit or live now with great exposure of Bayview and in front of the city park await you at this rare and unique property. Few steps to Bayview Village Shopping Centre and TTC andSubway station. Located in a prime, high-demand area of Willowdale with TOP Ranking Schools.This property offers significant potential for redevelopment, making it an excellent investment for future growth. Whether you're seeking a home or looking to expand your professional business, this property offers versatile use with plenty of opportunities. It is currently well-suited for a professional office space or can easily accommodate residential living. This spacious home features a premium interlocked front and back yard, allowing for up to 10 parking spaces, all secured with a gated entrance. The property has been well-maintained with up graded water supply, a newer roof (September 2021), and new stainless steel appliances. The newer electric hot water tank ensures optimal functionality for the home. For added relaxation, the basement is equipped with a sauna and Jacuzzi perfect for unwinding after a long day. Ideal for a home office, this property allows you to live in it now while having the option to build your dream home later. It also offers great rental income potential, making it a solid investment opportunity. The buyer is advised to complete due diligence with the City of Toronto regarding future development and zoning possibilities.This is a fantastic chance to secure a property in a highly desirable location, whether you wish to occupy, build, or rent. Dont miss out on this incredible opportunity schedule your viewing today!Great Opportunity for Home Office with 10 parking spaces and gated entrance. Few steps to TTC and Subway station. Garden Suite, Group Home, Home Occupation,Laneway Suite, Multi-tenantHouse,Detached House, Duplex, Triplex; and Fourplex
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Nearby Intersections
Bayview & Sheppard (146)
Bayview & Finch (64)
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
44' x 117'
Lot Irregularities
117.39 ft x 44.05 ft x 117.27 ft x 44.06
Fronting
West
Taxes
$8,719 (2024)
Basement
Finished
Exterior
Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Private
Garage Type
None
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North York Market Statistics
North York Price Trend
2972 Bayview Ave is a 2-bedroom 3-bathroom home listed for sale at $1,988,000, which is $867,015 (77.3%) 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 3-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 Forest Hill Real Estate Inc.
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