74 Homewood Ave
FOR SALE
$1,738,000
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4 + 2
BEDROOMS2
BATHROOMS1 + 1
KITCHENS8 + 3
ROOMSC8305988
MLSIDContact Us
Property Description
*Pictures Coming SOON* *** FINANCING AVAILABLE *** Attention INVESTORS! Introducing a unique opportunity to OWN an INCOME GENERATING PROPERTY. With a cap rate of 8% - 10% this property has been FULLY OCCUPIED for 17+ YEARS. The combination of CAPITAL APPRECIATION & CASHFLOW is and INVESTORS DREAM. Strategically located in the HEART OF DOWNTOWN with a 100 WALKING SCORE & 99 TRANSIT SCORE The possibilities with this property are ENDLESS. This property features a private backyard, potential for walk in basement access. Seller is willing to offer a Vender Take Back Mortgage at an agreed price. Inspection Report Available Upon Request
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-09 | 2024-03-20 | 40 | $1,590,000 | - | Terminated |
| 2023-11-23 | 2024-01-22 | 60 | $1,690,000 | - | Terminated |
| 2023-09-07 | 2023-11-23 | 77 | $1,790,000 | - | Terminated |
| 2022-08-25 | 2022-10-20 | 56 | $1,999,000 | - | Terminated |
| 2022-08-25 | 2022-10-20 | 56 | $1,999,000 | - | Terminated |
| 2022-08-12 | 2022-08-25 | 13 | $2,195,000 | - | Terminated |
Nearby Intersections
Jarvis & Carlton (82)
Property Features
Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Multiplex, 2 1/2 Storey
Lot Size
17' x 96'
Fronting
East
Taxes
$6,288 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Baseboard
Heat Source
Gas
Air Conditioning
Other
Water
Municipal
Driveway
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 19.00' x 10.60' | |
| Family | Main | 13.58' x 14.99' | |
| Kitchen | Main | 11.15' x 10.99' | |
| Br | 3rd | 14.34' x 14.99' | |
| 2nd Br | 3rd | 15.09' x 11.58' | |
| 3rd Br | 2nd | 18.01' x 9.58' | |
| 4th Br | 2nd | 14.34' x 14.99' | |
| 5th Br | Main | 10.24' x 10.43' | |
| Br | Bsmt | 13.32' x 13.25' | |
| Br | Bsmt | 10.24' x 10.43' |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
74 Homewood Ave is a 4-bedroom 2-bathroom home listed for sale at $1,738,000, which is $432,191 (19.9%) lower than the average sold price of $2,170,191 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 4 bedroom home in Downtown Toronto increased by $166,617 (8.3%) compared to the previous 30 day period (March 15 - April 13) and up $60,530 (2.9%) from the same time one year ago.Inventory Change
There were 734 4-bedroom homes listed in Downtown Toronto over the last 30 days (April 14 - May 13), which is up 63.5% compared with the previous 30 day period (March 15 - April 13) and up 23.4% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Downtown Toronto typically sold $14,231 (0.7%) above asking price over the last 30 days (April 14 - May 13), which represents a $6,380 decrease compared to the previous 30 day period (March 15 - April 13) and $64,276 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 4-bedroom homes in Downtown Toronto over the last 30 days (April 14 - May 13) stood at 38.3%, down from 60.8% over the previous 30 days (March 15 - April 13) and down from 64.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Downtown Toronto stood at 16 days when successfully sold over the last 30 days (April 14 - May 13), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Percy Fulton Ltd.
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