245 Elmwood Ave
Harding, Richmond Hill, L4C 1L3
FOR SALE
$1
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2 + 1
BEDROOMS2
BATHROOMS1
KITCHENS5 + 4
ROOMSN9347356
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Property Description
Great investment for 50.12 x 210.25 ft Bungalow in a multi-family & mid-rise development area. Development Potential for a 10 Plex Multi residential building, with 100% construction loan from CMHC. One of the best investment and income property.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-04-29 | 2024-08-31 | 124 | $1,549,000 | - | Expired |
| 2023-08-08 | 2023-11-08 | 92 | $1,599,000 | - | Expired |
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
50' x 210'
Fronting
North
Taxes
$6,058 (2024)
Basement
Finished, Sep Entrance
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Available
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.20' x 16.08' | Combined W/Dining, Hardwood Floor, Large Window |
| Kitchen | Main | 8.76' x 11.22' | Stainless Steel Appl, O/Looks Backyard, Tile Floor |
| Prim Bdrm | Main | 9.97' x 15.42' | Hardwood Floor, Closet, Window |
| 2nd Br | Main | 10.40' x 10.99' | Hardwood Floor, Window, Closet |
| 3rd Br | Bsmt | 12.80' x 13.42' | His/Hers Closets, Window, Laminate |
| Family | Bsmt | 12.17' x 20.41' | Combined W/Office, 4 Pc Bath, Laminate |
| Laundry | Bsmt | 10.99' x 10.79' | Laminate, Window, Stainless Steel Appl |
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Richmond Hill Market Statistics
Richmond Hill Price Trend
245 Elmwood Ave is a 2-bedroom 2-bathroom home listed for sale at $1, which is $1,114,999 (100.0%) lower than the average sold price of $1,115,000 in the last 30 days (September 21 - October 20). During the last 30 days the average sold price for a 2 bedroom home in Richmond Hill declined by $365,000 (24.7%) compared to the previous 30 day period (August 22 - September 20) and down $376,500 (25.2%) from the same time one year ago.Inventory Change
There were 7 2-bedroom homes listed in Richmond Hill over the last 30 days (September 21 - October 20), which is up 16.7% compared with the previous 30 day period (August 22 - September 20) and up 40.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Richmond Hill typically sold ($62,944) (5.6%) below asking price over the last 30 days (September 21 - October 20), which represents a $54,944 decrease compared to the previous 30 day period (August 22 - September 20) and ($51,900) 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 2-bedroom homes in Richmond Hill over the last 30 days (September 21 - October 20) stood at 28.6%, down from 33.3% over the previous 30 days (August 22 - September 20) and down from 40.0% 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 Richmond Hill stood at 49 days when successfully sold over the last 30 days (September 21 - October 20), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realtron Realty Inc.
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