140 Simcoe St 1319
University, Downtown Toronto, M5H 4E9
FOR SALE
$799,999
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BEDROOMS1
BATHROOMS1
KITCHENS5
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Property Description
Investors and first time buyers welcome! This rare opportunity to own a spacious 2-bedroom corner suite in the highly sought-after University Plaza. Bright, open-concept unit offers modern living space, including a modern kitchen with and granite countertops and large breakfast bar. Both bedrooms are filled with natural light and provide ample closet space. Perfect for all! Located in the heart of downtown, you're just steps away from cafes, restaurants, Queen West, Eaton Centre, Minutes from multiple subway stations, streetcars, and prestigious institutions like OCAD, UofT, Ryerson, and George Brown. The building is investor-friendly, allowing short-term rentals, making it an ideal investment opportunity!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-05-04 | 2021-05-08 | 5 | $2,400 | $2,400 | Leased |
Extras
Enjoy premium amenities: Exercise Room, Rooftop BBQ Area, Party Rm/Lounge, 24-hour concierge, and much more.
Nearby Intersections
Property Features
Hospital, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$3,036 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Owned (D, 43)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.11' x 19.78' | Combined W/Dining, Open Concept, Laminate |
| Dining | Main | 14.11' x 19.78' | Combined W/Living, W/O To Balcony, Laminate |
| Prim Bdrm | Main | 8.79' x 9.48' | Large Window, Semi Ensuite, Laminate |
| 2nd Br | Main | 9.15' x 10.50' | Double Doors, Closet, Large Window |
| Kitchen | Main | 7.58' x 8.76' | Granite Counter, Stainless Steel Appl, Breakfast Bar |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
140 Simcoe St 1319 is a 2-bedroom 1-bathroom condo listed for sale at $799,999, which is $27,031 (3.5%) higher than the average sold price of $772,968 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $14,819 (1.9%) compared to the previous 30 day period (July 20 - August 18) and down $18,011 (2.3%) from the same time one year ago.Inventory Change
There were 1,343 2-bedroom condos listed in Downtown Toronto over the last 30 days (August 19 - September 17), which is up 19.8% compared with the previous 30 day period (July 20 - August 18) and up 5.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($16,777) (2.2%) below asking price over the last 30 days (August 19 - September 17), which represents a $4,507 increase compared to the previous 30 day period (July 20 - August 18) and ($10,656) 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 2-bedroom condos in Downtown Toronto over the last 30 days (August 19 - September 17) stood at 32.7%, down from 38.8% over the previous 30 days (July 20 - August 18) and up from 32.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (August 19 - September 17), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Gfa Realty Ltd.
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