721 Palmerston Ave
Annex, Downtown Toronto, M6G 2R2
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BEDROOMS5
BATHROOMS4
KITCHENS20
ROOMSC3960326
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Property Description
Amazing Five Unit Building In The Heart Of Toronto And The Sought After Annex Neighborhood. Well Cared For With Renovations Throughout. One Three Bedroom Unit On Second Floor; A One Bedroom, Bachelor And Commercial Space On The Main Floor And A Two Bedroom Unit In The Lower Level. Location Is Everything With This Building. Four Minute Walk To Bathurst Station As Well As To The Shops And Restaurants On Bloor. Nine Min. Walk To Christie Pitts Park.
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Extras
4.37% Cap Rate! Gross Annual Income Of $109,740 Exp $22,332 Net $87,407. Two Washing Machines And Two Dryers. Renos Incl New Bsmt (2014) Interconnected Fire Alarm (2014) New Furnace (2015) New Bath - Main (2015) New Bath - Second Flr (2017)
Property Features
Cul De Sac, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
19' x 70'
Fronting
South
Taxes
$7,094 (2016)
Basement
Apartment, Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
1
Driveway
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Other | Main | 17.09' x 24.57' | |
| Living | Main | 7.84' x 8.23' | Large Window, Laminate |
| Kitchen | Main | 12.17' x 10.01' | , Tile Floor |
| Br | Main | 14.01' x 8.50' | Large Window, Laminate, Closet |
| Br | Main | 14.99' x 8.83' | Laminate, Window |
| Living | 2nd | 17.09' x 12.66' | Laminate, Window |
| Br | 2nd | 17.09' x 10.17' | Laminate, Window, Closet |
| Br | 2nd | 13.58' x 10.01' | Laminate, Window, Closet |
| Br | 2nd | 11.58' x 8.83' | Laminate, Window, Closet |
| Living | Lower | 6.27' x 10.17' | Laminate, Window |
| Br | Lower | 8.60' x 12.07' | Laminate, Window, Closet |
| Br | Lower | 8.33' x 14.50' | Laminate, Window, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
721 Palmerston Ave is a 7-bedroom 5-bathroom home listed for sale at $1,999,900, which is $462,600 (18.8%) lower than the average sold price of $2,462,500 in the last 30 days (March 26 - April 24). During the last 30 days the average sold price for a 7 bedroom home in Downtown Toronto increased by $1,057,500 (75.3%) compared to the previous 30 day period (February 25 - March 25) and down $1,711,166 (41.0%) from the same time one year ago.Inventory Change
There were 6 7-bedroom homes listed in Downtown Toronto over the last 30 days (March 26 - April 24), which is down 14.3% compared with the previous 30 day period (February 25 - March 25) and down 40.0% compared with the same period last year.Sold Price Above/Below Asking ($)
7-bedroom homes in Downtown Toronto typically sold ($166,000) (6.7%) below asking price over the last 30 days (March 26 - April 24), which represents a $97,800 increase compared to the previous 30 day period (February 25 - March 25) and ($307,999) 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 7-bedroom homes in Downtown Toronto over the last 30 days (March 26 - April 24) stood at 66.7%, up from 14.3% over the previous 30 days (February 25 - March 25) and up from 30.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 7-bedroom 5-bathroom home in Downtown Toronto stood at 55 days when successfully sold over the last 30 days (March 26 - April 24), compared to 95 days before being removed from the market upon being suspended or terminated.Listing contracted with Harvey Kalles Real Estate Ltd., Brokerage
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