A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 1071 Willowdale Ave, Toronto Ontario M2M 3E5
1 day on Market

1071 Willowdale Ave, Toronto, Ontario M2M 3E5

Detached
3 + 3
3
- sqft
$1,499,000
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Detached
3 + 3
3
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$6,438/mo

Tax Amount (2024)$6,810/yr

Days On Market1 day


Description

Multi-Family Development Opportunity: Detached Bungalow with Potential for 4 Units + 1 Garden Suite Under New Toronto Bylaws! This detached bungalow offers an exciting multi-family development opportunity under Torontos **new municipal bylaws**. While **permits have not yet been obtained**, the property is ideally suited for a potential development of **up to 4 units plus 1 garden suite**, making it a prime choice for builders and investors looking to capitalize on Torontos evolving housing landscape. Income Potential**: Once developed, the property could generate significant rental income from multiple units, ensuring a strong return on investment.


Property Details

StyleBungalow
View-
Age of property-
SqFt-
Lot Size5,750 SqFt(115 x 50)
Parking Spaces4
MLS ®NumberC11944923
Community NameNewtonbrook
Data SourceTRREB
Listing bySUTTON GROUP-ADMIRAL REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Apartment, Finished

Main Floor

Living

5.03 x 3.52

Hardwood Floor

Dining

3.69 x 2.45

Hardwood Floor / W/O To Deck

2nd Br

3.10 x 2.59

Hardwood Floor / Closet

Kitchen

3.52 x 3.50

Granite Counter / Stainless Steel Appl


Features

Lot size: 5,750 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property listed by SUTTON GROUP-ADMIRAL REALTY INC., Brokerage

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Market Data - Newtonbrook

Geo Zone Map ThumbnailNewtonbrook

Strong Buyer's Market

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

118 days

Compared to

2024

50 days

2023

29 days

2022

18 days

New Listings

Past 30 days

60 listings

Compared to

2024

32 listings

2023

22 listings

2022

24 listings

Units sold

Past 30 days

3 units

Compared to

2024

7 units

2023

10 units

2022

11 units

Median Sold Price

Past 30 days

$1,479,000

Compared to

2024

$1,780,000

2023

$1,595,000

2022

$1,865,000


Population and Demographics

Overview

Total population 26506
Average household income $115,710

Age (%)

65 and plus
22%
20 to 34
22%
50 to 64
21%
35 to 49
19%
0 to 19
15%

Household composition (%)

Single family
62%
Single person
28%
Multi person
8%
Multi family
2%

Mother tongue (%)

English
34%
Iranian Persian
13%
Korean
9%
Mandarin
8%
Tagalog (Pilipino, Filipino)
8%
Russian
8%
Yue (Cantonese)
5%
Others
3%
Spanish
2%
Italian
2%

House tenancy (%)

Owners
53%
Renters
47%

Schools and amenities

Estimated Budget