85 Drewry Ave
Newtonbrook West, North York, M2M 1C8
FOR SALE
$2,745,000
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Property Description
83 and 85 DrewryProperties to be sold together, offering immense potential. Build up to 7 stories and approximately 50,000 sqft. Prime location near top-rated schools, Yonge St., and Finch subway. The area features several townhomes and stacked townhomes on Drewry and nearby. The purchase price includes an adjacent property, providing a prime corner parcel measuring 93.5 x 168 feet. Please note, the vendor does not make any representations regarding future development potential. A planners opinion letter is available upon request.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-19 | 2024-11-04 | 77 | $3,249,400 | - | Terminated |
| 2020-06-12 | 2020-11-06 | 147 | $4,998,000 | $2,875,000 | Sold |
| 2019-07-13 | 2019-09-12 | 61 | $1,999,000 | $1,375,000 | Sold |
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Lot Size
66' x 168'
Fronting
South
Taxes
$6,311 (2023)
Basement
Part Fin
Exterior
Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
Other
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North York Market Statistics
North York Price Trend
85 Drewry Ave is a 1-bedroom 1-bathroom home listed for sale at $2,745,000, which is $1,976,957 (257.4%) higher than the average sold price of $768,043 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 1 bedroom home in North York declined by $628,284 (45.0%) compared to the previous 30 day period (September 23 - October 22) and up $30,293 (4.1%) from the same time one year ago.Inventory Change
There were 5 1-bedroom homes listed in North York over the last 30 days (October 23 - November 21), which is down 37.5% compared with the previous 30 day period (September 23 - October 22) and down 37.5% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom homes in North York typically sold ($26,429) (3.4%) below asking price over the last 30 days (October 23 - November 21), which represents a $83,631 decrease compared to the previous 30 day period (September 23 - October 22) and $13,050 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 1-bedroom homes in North York over the last 30 days (October 23 - November 21) stood at 160.0%, up from 100.0% over the previous 30 days (September 23 - October 22) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom home in North York stood at 17 days when successfully sold over the last 30 days (October 23 - November 21), compared to 90 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Realty Ltd.
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83 and 85 Drewry Properties to be sold together, offering immense potential. Build up to 7 stories and approximately 50,000 sqft. Prime location near top-rated schools, Yonge St., and Finch subway. The area features several townhomes and stacked townhomes on Drewry and nearby. The purchase price includes an adjacent property, providing a prime corner parcel measuring 93.5 x 168 feet. Please note, the vendor does not make any representations regarding future development potential. A planners opinion letter is available upon request.
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