245 Elmwood Ave

FOR SALE
$1
245 Elmwood Ave, Richmond Hill
245 Elmwood Ave
245 Elmwood Ave
245 Elmwood Ave
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2 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
5 + 4
ROOMS
N9347356
MLSID
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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.
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
Property Details
Community
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
Room Summary
RoomLevelSizeFeatures
LivingMain12.20' x 16.08'Combined W/Dining, Hardwood Floor, Large Window
KitchenMain8.76' x 11.22'Stainless Steel Appl, O/Looks Backyard, Tile Floor
Prim BdrmMain9.97' x 15.42'Hardwood Floor, Closet, Window
2nd BrMain10.40' x 10.99'Hardwood Floor, Window, Closet
3rd BrBsmt12.80' x 13.42'His/Hers Closets, Window, Laminate
FamilyBsmt12.17' x 20.41'Combined W/Office, 4 Pc Bath, Laminate
LaundryBsmt10.99' x 10.79'Laminate, Window, Stainless Steel Appl
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 $1,064,999 (100.0%) lower than the average sold price of $1,065,000 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom home in Richmond Hill declined by $50,000 (4.5%) compared to the previous 30 day period (September 21 - October 20) and down $235,000 (18.1%) from the same time one year ago.
Inventory Change
There were 6 2-bedroom homes listed in Richmond Hill over the last 30 days (October 21 - November 19), which is down 14.3% compared with the previous 30 day period (September 21 - October 20) and down 0.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Richmond Hill typically sold ($77,500) (7.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $14,556 decrease compared to the previous 30 day period (September 21 - October 20) and ($59,000) 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 (October 21 - November 19) stood at 33.3%, up from 28.6% over the previous 30 days (September 21 - October 20) and up from 16.7% 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 62 days when successfully sold over the last 30 days (October 21 - November 19), compared to 113 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Realtron Realty Inc.
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