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
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43 days 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 Market43 days


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. **EXTRAS** 2 Fridge, 2 Stoves, Microwave, Washer & Dryer , All Window Coverings, All light Fixtures,


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

3rd Br

3.10 x 2.53

Hardwood Floor / Closet

Dining

3.69 x 2.45

Hardwood Floor / W/O To Deck

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 History

Jan 29, 2025
Listed for
$1,499,000
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Listed
$•••,•••
43 days on market
history photo preview40
Listing by trreb®
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

43 days

Compared to

2024

22 days

2023

8 days

2022

16 days

New Listings

Past 30 days

80 listings

Compared to

2024

41 listings

2023

25 listings

2022

34 listings

Units sold

Past 30 days

7 units

Compared to

2024

16 units

2023

15 units

2022

17 units

Median Sold Price

Past 30 days

$1,535,000

Compared to

2024

$1,665,050

2023

$1,670,000

2022

$2,022,000


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