403 Melrose St

Mimico, Etobicoke, M8Z 1H2
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403 Melrose St, Etobicoke
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2
BEDROOMS
2
BATHROOMS
2
KITCHENS
4 + 2
ROOMS
W3337108
MLSID
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Property Description
Charming Bungalow,Mins To Ttc,Qew,427.Well Kept Backyard,Great Lot To Build On.2nd Kitchen In Lower Level,Rec Room,Paved Driveway.Side Door Entrance To Lower Level.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-08-03 2021-08-22 19 $2,049,000 $2,020,000 Sold
Extras
All Elf's,Window Coverings.
Property Details
Community
Property Type
Detached, Bungalow
Approximate Sq.Ft.
< 700
Lot Size
40' x 130'
Fronting
South
Taxes
$3,050 (2015)
Basement
Part Fin, W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
Etobicoke Market Statistics
Etobicoke Price Trend
403 Melrose St is a 2-bedroom 2-bathroom home listed for sale at $499,000, which is $659,352 (56.9%) lower than the average sold price of $1,158,352 in the last 30 days (February 28 - March 28). During the last 30 days the average sold price for a 2 bedroom home in Etobicoke increased by $66,348 (6.1%) compared to the previous 30 day period (January 29 - February 27) and up $34,441 (3.1%) from the same time one year ago.
Inventory Change
There were 155 2-bedroom homes listed in Etobicoke over the last 30 days (February 28 - March 28), which is up 13.1% compared with the previous 30 day period (January 29 - February 27) and up 7.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Etobicoke typically sold $73,614 (6.4%) above asking price over the last 30 days (February 28 - March 28), which represents a $18,262 increase compared to the previous 30 day period (January 29 - February 27) and $48,264 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 Etobicoke over the last 30 days (February 28 - March 28) stood at 67.7%, up from 57.7% over the previous 30 days (January 29 - February 27) and down from 76.4% 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 Etobicoke stood at 10 days when successfully sold over the last 30 days (February 28 - March 28), compared to 47 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Signature Realty, Brokerage
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