120-122 Spencer Ave
South Parkdale, Toronto, M6K 2J6
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9 + 9
BEDROOMS15
BATHROOMS9 + 6
KITCHENS44
ROOMSW3708405
MLSIDContact Us
Property Description
15 Self-Contained Licensed Apartments In Well-Maintained And Upgraded Investment Property, 8 X 1-Bdrms, 7 X 2-Bdrms. 60' X 112' Lot In Gentrifying South Parkdale Location Near Liberty Villiage, Steps To King Street West. Gross Annual Income $142,980, Net Income $129,787. Moderate Rents With Upside In Rapidly Increasing Rental Area.
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Extras
15 Fridges, 15 Stoves, 15 Electric Water Heaters. Complete Approved Floorplans Available 116 Spencer Avenue Also For Sale, Listing W3708402 & W3708403.
Property Features
Arts Centre, Hospital, Library, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
5000+
Lot Size
60' x 120'
Fronting
West
Taxes
$12,844 (2016)
Basement
Apartment, Finished
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Toronto Market Statistics
Toronto Price Trend
120-122 Spencer Ave is a 9-bedroom 15-bathroom home listed for sale at $3,490,000, which is $649,540 (22.9%) higher than the average sold price of $2,840,460 in the last 30 days (March 20 - April 18). During the last 30 days the average sold price for a 9 bedroom home in Toronto increased by $240,460 (9.2%) compared to the previous 30 day period (February 19 - March 19) and up $240,460 (9.2%) from the same time one year ago.Inventory Change
There were 9 9-bedroom homes listed in Toronto over the last 30 days (March 20 - April 18), which is up 28.6% compared with the previous 30 day period (February 19 - March 19) and up 125.0% compared with the same period last year.Sold Price Above/Below Asking ($)
9-bedroom homes in Toronto typically sold ($154,540) (5.4%) below asking price over the last 30 days (March 20 - April 18), which represents a $59,540 decrease compared to the previous 30 day period (February 19 - March 19) and ($250,000) 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 9-bedroom homes in Toronto over the last 30 days (March 20 - April 18) stood at 11.1%, down from 14.3% over the previous 30 days (February 19 - March 19) and down from 25.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 9-bedroom 15-bathroom home in Toronto stood at 28 days when successfully sold over the last 30 days (March 20 - April 18), compared to 138 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Estate Realty, Brokerage
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