47 King Edward Ave Toronto near Woodbine Ave & Danforth Ave. | Detached home for sale

Description

A Fantastic Opportunity to Own in Sought After East York A Move in Ready, 3 + 1 Bedroom Two Story Fully Detached, 25 X 125 Or 130 Private Driveways Offered with Interest Free VTB Second Mortgage Up To $100,000 For Five Years Subject to Seller's Terms and Condition. A Functional Layout That Consists Of 3 Bedrooms, Two Master Bedrooms on The First and Second Floors, Spacious Second Floor Family/Media/Flex Room with Kitchen/Bar, Could Be Easily Converted into A 4th Bedroom, Laundry on Second Floor with Kitchen and New Stainless-Steel Appliances. All Floors Including Basement Have Oversized Windows, Interconnected Smoke and Carbon Monoxide Detectors, Separate Entrance to Unfinished Basement with Furnace and Space-Saving Hot Water Tank with Central Air Conditioner That Are Owned. The Privately Fenced Backyard Features a Cozy Covered Deck Great for Relaxing or Entertaining and A Second Oversized Deck of The Second-Story Master Bedroom. Fully Refinished to The Studs In 2023 With New Windows, Front and Rear Siding 2024, Roof In 2023. Income Potential Live on Main Floor or Second Floor and Earn Additional Rental Income from Finishing Basement, Adding Garden Suite, and Redeveloping Entire Property to Multiplex in The Future Subject to Zoning. The House Is Ideally Suited for Extended/Multi-Generational Living, Young Couples, Single Professionals, Retired Couples That Want to Live on The Main or Second Floor and Or Enjoy Entire Property. Located Just 10 Minutes' Walk Away from Woodbine Station, TTC, Sobeys, Tim Hortons, Banks, And Danforth for Convenient Everyday Shopping, Close to Gledhill Park, East Lynn Park, And Farmers Market, Schools, and A Vibrant Community.

Features

Facing: East
Bedrooms: 3
Bathrooms: 2
Garages:
Kitchens: 1

Details

Lot size: 25.00 x 126.54 Feet
Space: 1500-2000
Tax: $ 4562.00
E14143590
Listing contracted with: CENTURY 21 PARKLAND LTD.

Room	Size(M)	Description
Living Rm	6.48x2.89	Open Concept, Hardwood Floor, Picture Window
3rd Br	3.81x4.31	W/O To Yard
Br	3.04x2.74
Media Rm	4.57x3.96	Centre Island
Living Rm	4.79x3.03	Open Concept, Laminate

Bathroom	Pieces	Level
1xBath	2 pcs	Main
1xBath	3 pcs	Second

Property Summary

Located close to the intersection of Woodbine Ave & Danforth Ave., 47 King Edward Ave is a 3 bedrooms 2 washrooms Detached. The property has many nice features including Other. Living Room Rm and third bedroom are on the Main floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 16.2% compared with the same period last year.

Rent levels have decreased 23% compared with the same period last year.

Recent Comparable Value Range

$1,020,000 – $1,370,000

Recent 6-Month Rent Range

$2,600 – $4,100/month

How This Home Compares

Market Temperature

Balanced Market

Strong SellerSellerBalancedBuyerStrong Buyer

Supply and recent sales are relatively balanced for similar homes.

Typical Selling Time

7 Days

Similar homes are selling in about 7 days, broadly in line with last year.

Price Position

15.1% Higher

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

Local Area Profile

This property is located in a predominantly owner-occupied residential area with housing made up primarily of detached homes. Approximately 62% of residents hold a bachelor's degree or higher, while about 24% have a college credential. Residents use a combination of driving and public transit for commuting.