882 Davenport Rd
Wychwood, Downtown Toronto, M6G 2B6
FOR SALE
$929,000
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2 + 2
BEDROOMS2
BATHROOMS2
KITCHENS7 + 2
ROOMSC11913985
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Property Description
Looking for real estate that makes financial sense? Find it right here in these two stylish suites that can accommodate an owner/occupier or an investor delivering a potential cap rate of about 4.7%. Sun-filled two-bedroom units, each with laundry, that can rent easily or for you to come home to. A second/third floor unit plus a main floor/basement unit with 6-foot 11-inch ceiling height. Perfectly suited for friends/siblings co-habiting, professional singles or couples, empty nesters, as a condo alternative or someone downsizing. Stylish units with a mix of modern and classic charm, oversized living rooms, exposed brick walls, hardwood floors, skylight with the main floor unit having access to a lovely backyard. Its conveniently located in the Hillcrest School area, fifteen-minute walk to downtown, ten-minutes to Dupont subway or bus transportation at your doorstep. Steps to George Brown College, Loblaws, the new Summerhill Market on Bathurst, Wychwood Barns with the Saturday Farmers market, and the walkable St Clair West and Dupont corridor with its eclectic shops, trendy restaurants and youthful energy will make it easy for the investor to rent these units and enjoyable for an owner who wants to live close to world class urban amenities.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-09-24 | 2024-11-29 | 66 | $949,900 | - | Terminated |
Extras
Main/BSMT unit vacant, 2nd/3rd pays $1,856 + hydro/water & is on month to month, owner pays insurance & property taxes, each with their own laundry. Waterproofed bsmt w/sump pump in 2021, Siding on front of home, eaves & porch roof 2020.
Property Features
Park, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2 1/2 Storey
Lot Irregularities
as per MPAC
Fronting
North
Taxes
$4,492 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Driveway
None
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 12.70' x 14.17' | Hardwood Floor, Large Window, Open Concept |
Dining | Main | 8.83' x 14.17' | Hardwood Floor, Walk-Out, Open Concept |
Kitchen | Main | 6.99' x 12.11' | Vinyl Floor, Walk-Out, B/I Dishwasher |
Prim Bdrm | Lower | 10.33' x 12.37' | Laminate, Double Closet, Above Grade Window |
2nd Br | Lower | 6.56' x 11.78' | Laminate, Above Grade Window, Closet |
Living | 2nd | 12.04' x 12.73' | Hardwood Floor, Open Concept, B/I Shelves |
Kitchen | 2nd | 8.96' x 9.88' | Vinyl Floor, Breakfast Bar |
2nd Br | 2nd | 9.19' x 13.06' | Hardwood Floor, Window, Closet |
Prim Bdrm | 3rd | 12.24' x 14.21' | Laminate, Skylight, Window |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
882 Davenport Rd is a 2-bedroom 2-bathroom home listed for sale at $929,000, which is $113,139 (10.9%) lower than the average sold price of $1,042,139 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 2 bedroom home in Downtown Toronto declined by $111,757 (9.7%) compared to the previous 30 day period (November 18 - December 17) and up $77,074 (8.0%) from the same time one year ago.Inventory Change
There were 72 2-bedroom homes listed in Downtown Toronto over the last 30 days (December 18 - January 16), which is down 20.9% compared with the previous 30 day period (November 18 - December 17) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Downtown Toronto typically sold ($16,217) (1.6%) below asking price over the last 30 days (December 18 - January 16), which represents a $14,365 decrease compared to the previous 30 day period (November 18 - December 17) and ($22,953) 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 Downtown Toronto over the last 30 days (December 18 - January 16) stood at 66.7%, down from 87.9% over the previous 30 days (November 18 - December 17) and down from 119.4% 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 Downtown Toronto stood at 34 days when successfully sold over the last 30 days (December 18 - January 16), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group-Associates Realty Inc.
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