47 Elm Grove Ave
Oak Ridges, Richmond Hill, L4E 2V4
FOR SALE
$1,788,000
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5 + 1
BEDROOMS4
BATHROOMS2
KITCHENS10 + 1
ROOMSN9363345
MLSIDContact Us
Property Description
This prime property currently features like a semi-detached home with two separate units, each with its own entrance, utilities and furnace. This unique setup offers a range of possibilities, including renting out each unit separately and generating a potential rental income of over $5,000 per month. The site holds incredible potential for development. Building a stunning mansion. This location is rapidly transforming into a neighbourhood of luxury homes.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-04-15 | 2021-08-16 | 123 | $4,480,000 | - | Suspended |
| 2019-07-12 | 2019-08-29 | 48 | $1,488,000 | - | Terminated |
| 2019-04-18 | 2019-07-12 | 85 | $1,488,000 | - | Terminated |
Extras
Include (2 Fridge, 2 Stove, 2 Dishwasher, 2 Washer & Dryer), 2 Furnace, Cac, All Elfs, 2 Rental HW
Nearby Intersections
Property Features
Lake/Pond, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Sidesplit 3
Approximate Sq.Ft.
2500-3000
Lot Size
69' x 161'
Fronting
North
Taxes
$7,789 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.45' x 17.72' | Hardwood Floor, W/W Fireplace, Combined W/Dining |
| Dining | Main | 8.86' x 12.47' | Hardwood Floor, Combined W/Living |
| Kitchen | Main | 9.51' x 20.34' | Ceramic Floor, Eat-In Kitchen, Family Size Kitchen |
| Br | 2nd | 12.89' x 13.12' | Laminate, 4 Pc Ensuite |
| 2nd Br | 2nd | 9.19' x 12.14' | Large Closet, Laminate, Window |
| 3rd Br | 2nd | 9.51' x 11.81' | Laminate |
| 4th Br | Ground | 9.51' x 10.50' | Laminate, Window |
| 5th Br | Ground | 9.51' x 10.50' | Laminate |
| Sitting | Main | 11.48' x 15.75' | Hardwood Floor, O/Looks Dining, Window |
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Richmond Hill Market Statistics
Richmond Hill Price Trend
47 Elm Grove Ave is a 5-bedroom 4-bathroom home listed for sale at $1,788,000, which is $650,229 (26.7%) lower than the average sold price of $2,438,229 in the last 30 days (September 4 - October 3). During the last 30 days the average sold price for a 5 bedroom home in Richmond Hill declined by $480,187 (16.5%) compared to the previous 30 day period (August 5 - September 3) and down $371,612 (13.2%) from the same time one year ago.Inventory Change
There were 50 5-bedroom homes listed in Richmond Hill over the last 30 days (September 4 - October 3), which is up 92.3% compared with the previous 30 day period (August 5 - September 3) and up 127.3% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Richmond Hill typically sold ($190,679) (7.8%) below asking price over the last 30 days (September 4 - October 3), which represents a $120,929 decrease compared to the previous 30 day period (August 5 - September 3) and $165,873 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 5-bedroom homes in Richmond Hill over the last 30 days (September 4 - October 3) stood at 22.0%, down from 46.2% over the previous 30 days (August 5 - September 3) and down from 31.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Richmond Hill stood at 36 days when successfully sold over the last 30 days (September 4 - October 3), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realtron Realty Inc.
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