$2,150,000
For sale: Detached

Exceptional Development Opportunity in Downtown Toronto! Attention Builders, Developers & Investors - 39 River Street offers a rare opportunity to acquire a prime development site in a rapidly evolving downtown neighbourhood. Situated on an approximately 22' x 116' lot, this property offers outstanding redevelopment potential in a highly desirable location surrounded by significant residential growth and urban revitalization. Previous plans contemplated a purpose-built multi-residential development with 10 units and approximately 7,300 sq. ft. of leasable/sellable area. Conveniently located close to Regent Park, Corktown, the Distillery District, Riverside, downtown amenities, public transit, parks, schools and major routes. An outstanding opportunity for developers and investors looking to capitalize on continued growth in Toronto's downtown east.
Sold data
Detached homes in Toronto (Regent Park) took a median of 17 days to sell over the last 90 days, with the quickest quarter selling within 8 days and the slowest quarter taking more than 38, across 1,869 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.
The median sale price was $1,199,000.
Homes sold for about 2.9% below asking on average, so there was room to negotiate.
About 26% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 1,869 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Regent Park) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$1,998,000
Detached67 MUNRO BOULEVARD, St. Andrew-Windfields, Toronto

$1,999,000
Detached57 SUMNER HEIGHTS DRIVE, Bayview Village, Toronto

$1,848,000
Detached25 CORTLAND AVENUE, Lawrence Park South, Toronto

$1,948,800
Detached11 BEN MACHREE DRIVE, Port Credit, Mississauga

$1,899,900
Detached518 ROSEBANK ROAD, Rosebank, Pickering

$2,699,000
Detached407 LAKE PROMENADE, Long Branch, Toronto

$2,799,000
Detached92 CAINES AVENUE, Newtonbrook West, Toronto

$2,585,000
Detached2206 UTLEY ROAD, Clarkson, Mississauga