23 Roycrest Ave Toronto near Young/Sheppard | Single Car Garage Detached home for sale

Description

**RARE RAVINE-BACKED INVESTMENT & DEVELOPMENT OPPORTUNITY IN PRIME NORTH YORK!**Nestled at the end of a quiet cul-de-sac, this exceptional property offers approximately 1.8 acres of ravine setting, mature trees, beautiful natural surroundings and outstanding privacy.**Featuring a LEGAL WALK-OUT BASEMENT APARTMENT with strong existing rental income!** An excellent opportunity for investors seeking immediate cash flow while exploring the property's long-term potential.Ideal for luxury custom home buyers, builders and developers looking to explore a magnificent custom estate, multi-unit residential development or purpose-built rental apartments, subject to municipal approvals, zoning and ravine protection regulations.Conveniently located near Yonge & Sheppard, subway access, shopping, restaurants, schools and major highways.**A UNIQUE OPPORTUNITY COMBINING CURRENT RENTAL INCOME, EXCEPTIONAL PRIVACY, NATURAL BEAUTY AND FUTURE DEVELOPMENT POTENTIAL!**

Features

Facing: West
Bedrooms: 5
Bathrooms: 2
Garages: 1
Kitchens: 1

Details

Lot size: 31.08 x 489.00 Feet
Space: 1100-1500
Tax: $ 11191.00
C14135216
Listing contracted with: HOMENET REALTY INC.

Room	Size(M)	Description
Primary B	4.80x4.40
2nd Br	3.25x3.20
3rd Br	4.00x3.39
4th Br	3.45x2.75
Kitchen	4.35x3.45

Bathroom	Pieces	Level
1xBath	3 pcs	Main
1xBath	3 pcs	Basement

Property Summary

Located close to the intersection of Young and Sheppard, 23 Roycrest Ave is a 5+4 bedrooms 2 washrooms Detached. The unit has a Single Detached Parking Space. The property basement is Apartment . The property has many nice features including Accessory Apartment, In-Law Suite and Carpet Free. Primary B, second bedroom, third bedroom, fourth bedroom and Kitchen are on the Main floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 6.2% compared with the same period last year.

Rent levels have remained relatively stable compared with the same period last year.

Recent Comparable Value Range

$1,110,000 – $1,520,000

Recent 6-Month Rent Range

$3,050 – $3,300/month

How This Home Compares

Market Temperature

Strong Buyer's Market

Strong SellerSellerBalancedBuyerStrong Buyer

High inventory strongly favours buyers of similar homes.

Typical Selling Time

13 Days

Similar homes are selling in about 13 days, faster than the same period last year.

Price Position

81.9% Higher

The asking price is above the estimated value of comparable homes.

Local Area Profile

This property is located in an area with a high level of homeownership with housing made up primarily of detached homes. Approximately 60% of residents hold a bachelor's degree or higher, while about 17% have a college credential. Residents use a combination of driving and public transit for commuting.

School Information

Elementary Schools
Cameron Public School (Grade: JK - 5) | School Boundary

Home school

Distance to school: 0.7 km (~12 min walk)
Willowdale Middle School (Grade: 6 - 8) | School Boundary

French Immersion school

Distance to school: 1.3 km (~23 min walk)
ST EDWARD (Grade: JK - 8) | School Boundary

Catholic French Immersion school

Distance to school: 1.4 km (~24 min walk)
ST CYRIL (Grade: JK - 8)

Catholic French Immersion school

Distance to school: 2.3 km (~7 min drive)
ST MARGARET (Grade: 5 - 8)

Catholic French Immersion school

Rank: 687 out of 3022 (Score: 7.3)

Distance to school: 2.5 km (~7 min drive)
Secondary Schools
Northview Heights Secondary School (Grade: 9 - 12) | School Boundary

Home school

Rank: 219/746 (Score: 7.0) 5 year average: 191/746 (Score: 7.0)

Distance to school: 2.2 km (~7 min drive)
Cardinal Carter-Arts (Grade: 9-12)

Catholic School

Distance to school: 1.6 km (~29 min walk)
Loretto Abbey (Grade: 9-12)

Catholic French Immersion school

Rank: 259/746 (Score: 6.8) 5 year average: 205/746 (Score: 6.9)

Distance to school: 2.4 km (~7 min drive)

Location

Community Overview

23 Roycrest Ave is at the Heart of Lansing-Westgate Community. Lansing-Westgate runs from Bathurst Street on the west to York Cemetery and Funeral Centre on the north, Yonge Street on the east, and Highway 401 on the south. It is home to the fourth busiest subway station in Toronto, Sheppard-Yonge station. Most detached homes are situated on suburban lots with an average of forty to sixty-foot frontages. In past 3 months, 15 Detached homes were sold at average of $2.18M. About 53% of the residents are of European Origin, and 25% are of East and Southeast Asia origin. In 23 Roycrest Ave neighbourhood, you will find many residents are Italian, Iranian, East-Indian, Irish, and Filipino. Sheppard-Yonge subway station offers access to two subway lines, Line 1 Yonge-University to Union station downtown, and Line 4 Sheppard to Donmill Station. At the center of the park is Earl Bales Ski & Snowboard Centre, which provides visitors with a ski field for winter activity. Shoppers can find several supermarkets, such as Food Basics, Whole Foods Market, and Longos, near Yonge Sheppard Center. Lansing-Westgate is a beautiful community with many young families moving to the area to enjoy the fantastic amenities and super convenient public transportation.