230 Simcoe St 2320
Kensington-Chinatown, Downtown Toronto, M5T 0G7
FOR SALE
$520,000
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Property Description
Brand-new, never lived, stunning junior one bedroom condo unit at Artist Alley Condo in downtown core Toronto. 468Sf interior area with a large open balcony. Enjoy a bright, open space with floor-to-ceiling windows, a sleek modern kitchen featuring quartz counters and built-in appliances. Steps from St. Patrick and Osgoode Subway Station, U of T, OCAD, Queen West and major hospitals. Live surrounded by culture, entertainment, and the Financial District, with quick access to theatres, museums, dining, and shopping. Close to Union Station and connected to Toronto's PATH network. Great for first time buyer or investor.
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Property Details
Street
Community
City
Property Type
Comm Element Condo, Apartment
Approximate Sq.Ft.
0-499
Basement
None
Exterior
Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
230 Simcoe St 2320 is a 1-bedroom 1-bathroom condo listed for sale at $520,000, which is $39,231 (7.0%) lower than the average sold price of $559,231 in the last 30 days (January 19 - February 17). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $3,008 (0.5%) compared to the previous 30 day period (December 20 - January 18) and down $36,630 (6.1%) from the same time one year ago.Inventory Change
There were 1,362 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 19 - February 17), which is up 47.6% compared with the previous 30 day period (December 20 - January 18) and up 27.4% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,787) (2.6%) below asking price over the last 30 days (January 19 - February 17), which represents a $1,429 decrease compared to the previous 30 day period (December 20 - January 18) and ($10,396) 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 (January 19 - February 17) stood at 25.6%, down from 34.0% over the previous 30 days (December 20 - January 18) and down from 52.6% 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 34 days when successfully sold over the last 30 days (January 19 - February 17), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Bay Street Group Inc.
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