16 Yonge St 2012
Waterfront Communities C1, Downtown Toronto, M5E 2A1
FOR SALE
$619,000
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Property Description
Welcome to the vibrant and highly sought-after Pinnacle Centre at 16 Yonge Street where city living meets the waterfront! This nicely layout 1-bedroom southwest unit offers an unparalleled living experience with a spacious and functional layout. Boasting large floor-to-ceiling windows, this condo is flooded with natural light and offers views of the city. The open concept living and dining area is perfect for entertaining, seamlessly leading out to an open balcony where you can enjoy your morning coffee or unwind in the evening while enjoying views of the CN Tower. The kitchen is designed for the modern homeowner, featuring ample storage, and a breakfast bar, perfect for casual dining or meal prep. Walking distance to the restaurants, Scotiabank Arena, public transport, coffee shops and much more.
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Nearby Intersections
Property Features
Clear View, Hospital, Lake Access, Place Of Worship, Public Transit, Waterfront
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,747 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking 1
Owned (C)
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
16 Yonge St 2012 is a 1-bedroom 1-bathroom condo listed for sale at $619,000, which is $49,873 (8.8%) higher than the average sold price of $569,127 in the last 30 days (November 3 - December 2). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $1,248 (0.2%) compared to the previous 30 day period (October 4 - November 2) and down $19,913 (3.4%) from the same time one year ago.Inventory Change
There were 1,076 1-bedroom condos listed in Downtown Toronto over the last 30 days (November 3 - December 2), which is down 14.5% compared with the previous 30 day period (October 4 - November 2) and down 11.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,738) (1.9%) below asking price over the last 30 days (November 3 - December 2), which represents a $2,018 increase compared to the previous 30 day period (October 4 - November 2) and ($15,559) more 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 1-bedroom condos in Downtown Toronto over the last 30 days (November 3 - December 2) stood at 54.0%, up from 46.0% over the previous 30 days (October 4 - November 2) and up from 35.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 30 days when successfully sold over the last 30 days (November 3 - December 2), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Prime Properties
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