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April 2019 Real Estate Market Watch with Chestnut Park President Chris Kapches

Moving at a rapid pace
April’s housing market results clearly demonstrated that the Toronto and area resale market is strong and robust. As indicated in previous monthly reports, any sluggish behaviour by the resale market was due to a lack of inventory, and not to a decline in buyer demand.

In April all properties sold (on average) in only 19 days, an astounding number when it is considered that this number represents the sale of all properties in the greater Toronto area, including condominium apartments. In some neighbourhoods, the pace of sales was even faster. For example, all semi-detached properties in the neighbourhoods of Riverdale, Leslieville and the Beaches sold in only 8 days, a pace not seen since the frenzied period leading up to April 2017. In fact, all semi-detached properties throughout the entire 416 area of Toronto sold in only 10 days, and for average sale prices of 107 percent over asking. 

Read the full April 2019 report here

Located in the highly desirable area of Davisville Village, 45 Tullis is a 3 storey detached home with three separate, self contained units. This rarely available multiplex has a One Bedroom Suite on the main floor, a Two Bedroom Suite on the second floor along with a Studio Suite on the third floor. Transform this property into your own home, or live in one unit and collect income.

THE NEIGHBOURHOOD

This property is situated within steps to Yonge Street and Manor Road. Those looking for a fine balance of a family friendly location and some green space, all within a short distance to the downtown core will find comfort with the Davisville Village community. Within a short walk you have the TTC Subway at Davisville Station and the new Eglinton Crosstown. There is also a thriving nightlife close by with movie theatres, top restaurants, along with the local necessities; the local butchers, boutique coffee shops, and cafes. It is no wonder that so many people want to be in this location that boasts a walkability score of 91%.

Contact Us For More Information
The Debbie Penzo Team is a full-service, real estate team that goes beyond the transaction. We cover the full scope of services for real estate transactions, representing buyers, sellers, investors, tenants and landlords. With combined knowledge and expertise of real estate sales, development, investing, construction, design and marketing, the Debbie Penzo Team has a strong understanding of the luxury consumer.
Our team was recently interviewed by the National Post on the top six renos that can help seal a better deal when selling your home! Renovating kitchens, bathrooms and basements can really add value to your home... But even a coat of paint can help. Images from our partners at Urban Blueprint. 
Click the link to read the article
© 2018 Debbie Penzo Team, All rights reserved.

1300 Yonge Street, Suite 100
Toronto, Ontario M4T 1X3
Canada

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*This is not intended to solicit Buyers or Sellers currently under contract with a Broker*