40 Old Colony Rd

FOR SALE
$7,998,000
40 Old Colony Rd, North York
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
40 Old Colony Rd
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6 + 1
BEDROOMS
10
BATHROOMS
1 + 1
KITCHENS
13 + 5
ROOMS
C9303666
MLSID
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Property Description
Nestled Within Bayview Gardens Most Iconic Street - Old Colony Road. This Magnificent Residence Boasts A 100' Frontage And Over 12,000 SqFt Of Living Space. Offers Unparalleled Curb Appeal And A Grand Entrance. A Spacious Living Room With Soaring Vaulted Ceilings, Inviting An Abundance Of Natural Light And Creating A Bright Atmosphere That Features A Charming Sunroom. The Dining Room, With Its Picturesque Garden Views, Sets The Stage For Unforgettable Family Gatherings. The Chef's Kitchen Is A Culinary Delight, Featuring A Breakfast Area, Multiple Skylights, And Top-Of-The-Line Appliances. Retreat To The Luxurious Primary Bedroom, A Serene Haven Flooded With Natural Light. The Five-Piece Ensuite Bath Offers A Spa-Like Experience, While The Walk-In Closet Ensures Ample Storage. Each Of The Remaining Bedrooms Are Generously Sized, Equipped With Double Closets, And Features A Four-Piece Ensuite Bathroom, Ensuring Comfort. The Lower Level Is An Entertainer's Paradise, Boasting A Massive Recreation Room With Coffered Ceilings, A Wet Bar, And A Complete Kitchen. This Versatile Space Is Ideal For Hosting Large Gatherings. Outside, The Backyard Oasis Awaits. A Beautiful Patio Offers The Perfect Spot For Al Fresco Dining And Summer Barbecues, While The Pool Invites You To Cool Off And Relax. This Exquisite Property Combines Luxury And Functionality. Just Minutes To Top Schools, Shops, Eateries, Golf & Easy Highway Access.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-06-13 2024-09-04 83 $8,998,000 - Terminated
Extras
Alarm System, Gated Driveway, Thermador Oven, Samsung Washer/Dryer, Built-In Speakers
Property Details
Property Type
Detached, 2-Storey
Lot Size
100' x 204'
Fronting
North
Taxes
$34,591 (2024)
Basement
Finished
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
6
Driveway
Private
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
LivingMain23.49' x 23.82'Gas Fireplace, Combined W/Sunroom, Vaulted Ceiling
DiningMain14.50' x 23.49'Crown Moulding, O/Looks Garden, Hardwood Floor
FamilyMain14.93' x 23.33'Hardwood Floor, W/O To Yard, Built-In Speakers
KitchenMain14.93' x 30.41'Skylight, Centre Island, Breakfast Area
LibraryMain14.67' x 27.92'Gas Fireplace, B/I Shelves, Picture Window
Prim Bdrm2nd16.34' x 27.59'Vaulted Ceiling, W/I Closet, 5 Pc Ensuite
2nd Br2nd14.99' x 15.49'Hardwood Floor, 4 Pc Ensuite, Double Closet
3rd Br2nd14.93' x 18.93'4 Pc Ensuite, Hardwood Floor, Double Closet
4th Br2nd14.93' x 17.59'Double Closet, 4 Pc Ensuite, Hardwood Floor
5th Br2nd14.07' x 15.58'Hardwood Floor, Double Closet, 4 Pc Ensuite
Bathroom2nd17.75' x 22.34'4 Pc Ensuite, Hardwood Floor, Double Closet
RecLower22.57' x 22.57'Wet Bar, Fireplace, Hardwood Floor
North York Market Statistics
North York Price Trend
40 Old Colony Rd is a 6-bedroom 10-bathroom home listed for sale at $7,998,000, which is $4,249,000 (113.3%) higher than the average sold price of $3,749,000 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 6 bedroom home in North York increased by $2,216,000 (144.6%) compared to the previous 30 day period (July 21 - August 19) and up $1,934,834 (106.7%) from the same time one year ago.
Inventory Change
There were 30 6-bedroom homes listed in North York over the last 30 days (August 20 - September 18), which is up 87.5% compared with the previous 30 day period (July 21 - August 19) and down 28.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
6-bedroom homes in North York typically sold ($388,181) (10.4%) below asking price over the last 30 days (August 20 - September 18), which represents a $253,201 decrease compared to the previous 30 day period (July 21 - August 19) and ($333) 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 6-bedroom homes in North York over the last 30 days (August 20 - September 18) stood at 36.7%, up from 31.2% over the previous 30 days (July 21 - August 19) and up from 14.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 10-bathroom home in North York stood at 60 days when successfully sold over the last 30 days (August 20 - September 18), compared to 83 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Realtron Barry Cohen Homes Inc.
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