20 Edward St 2705
Bay Street Corridor, Downtown Toronto, M5G 0C5
FOR SALE
$689,000
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Property Description
Welcome to Suite 2705 at the Iconic Panda Condos! Perched on a premium top floor, this fantastic 1 Bedroom + Study suite offers clear unobstructed south-facing views of the Toronto skyline and CN Tower - a true urban oasis in the heart of downtown. The well-designed open-concept layout maximizes space, featuring floor-to-ceiling windows to welcome plenty of natural sunlight while enjoying the south-facing views from every principal room. The sleek modern kitchen features integrated stainless steel appliances and plenty of cupboard space for your kitchen storage needs. The versatile study area is ideal for a home office or additional living space. Residents also enjoy a full range of exclusive amenities including a state-of-the-art fitness center, a cozy rooftop terrace with BBQs, a theatre room for entertainment, a half basketball court, stylish lounge and study areas, 24-hour concierge and much more! Plus, at this prime downtown location, you're within an ultra-convenient 3-minute walk to the iconic Yonge-Dundas Square, the Eaton Centre shopping mall, various dining options, and entertainment. For post-secondary students, you're only a 3-minute walk to the Toronto Metropolitan University or a 15-minute walk to the University of Toronto. The UHN Hospital Network, Financial District and Underground PATH system are also just a short walk away. This is downtown living at its finest!
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Extras
Includes one small storage locker! And free high-speed internet is also included! Great opportunity for investors: Triple-A tenant is flexible with a 60-day vacancy or willing to continue renting at $2,550 per month!
Nearby Intersections
Yonge & Dundas (25)
Bay & Dundas (28)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$3,576 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Flat | 10.89' x 12.11' | B/I Appliances, Stainless Steel Appl, Recessed Lights |
| Living | Flat | 13.19' x 9.42' | Laminate, South View, W/O To Balcony |
| Dining | Flat | 13.19' x 9.42' | |
| Prim Bdrm | Flat | 11.61' x 8.63' | Laminate, Window Flr to Ceil, South View |
| Study | Flat | 13.19' x 9.42' | Window Flr to Ceil, South View, Open Concept |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
20 Edward St 2705 is a 1-bedroom 1-bathroom condo listed for sale at $689,000, which is $113,925 (19.8%) higher than the average sold price of $575,075 in the last 30 days (September 5 - October 4). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $1,318 (0.2%) compared to the previous 30 day period (August 6 - September 4) and down $40,408 (6.6%) from the same time one year ago.Inventory Change
There were 1,789 1-bedroom condos listed in Downtown Toronto over the last 30 days (September 5 - October 4), which is up 62.6% compared with the previous 30 day period (August 6 - September 4) and up 4.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($11,029) (1.9%) below asking price over the last 30 days (September 5 - October 4), which represents a $1,920 decrease compared to the previous 30 day period (August 6 - September 4) and ($7,551) 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 1-bedroom condos in Downtown Toronto over the last 30 days (September 5 - October 4) stood at 28.7%, down from 47.9% over the previous 30 days (August 6 - September 4) and up from 26.4% 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 (September 5 - October 4), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Leading Edge Realty Inc.
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