295 Adelaide St W 1505
Waterfront Communities C1, Downtown Toronto, M5V 1P7
FOR SALE
$599,000
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Property Description
Welcome to Pinnacle on Adelaide Condos, located in the heart of Torontos Entertainment District. This stunning EAST-facing 1-bedroom, 1-bathroom unit boasts an open balcony with unobstructed city views and CN Tower View! With 560 sq ft of space, it features a bright, functional open-concept layout, floor-to-ceiling windows, and a spacious laundry room. Its one of the largest 1-bedroom units in the building, it includes 1 parking space and 2 lockers!! The building offers top-notch amenities, including a 24-hour concierge, visitor parking, an indoor swimming pool, hot tub, sauna, gym, lounge, and party room. Steps from the PATH, Financial District, U of T, Ryerson, OCAD, TTC, TIFF and more. Perfect for both end users and investors!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-16 | 2024-10-17 | 31 | $579,990 | - | Suspended |
Extras
S/S Fridge, Stove, B/I Microwave W/ Range Hood, B/I Dishwasher. Washer & Dryer. All Electrical Lighting Fixtures. All Window Coverings. Included One Parking, One Locker & One Bicycle Locker.
Nearby Intersections
King & Spadina (245)
Adelaide & John (89)
John & Richmond (73)
King & Peter (150)
King & John (263)
Queen & University (106)
Property Features
Clear View, Hospital, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,718 (2023)
Basement
None
Exterior
Concrete, Metal/Side
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Ground | 10.01' x 12.47' | Wood Floor, W/O To Balcony, East View |
| Dining | Ground | 10.01' x 12.47' | Combined W/Dining, Wood Floor |
| Kitchen | Ground | 10.01' x 10.99' | Open Concept, Stainless Steel Appl |
| Prim Bdrm | Ground | 9.51' x 11.32' | Wood Floor, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
295 Adelaide St W 1505 is a 1-bedroom 1-bathroom condo listed for sale at $599,000, which is $29,764 (5.2%) higher than the average sold price of $569,236 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $1,563 (0.3%) compared to the previous 30 day period (September 21 - October 20) and down $22,277 (3.8%) from the same time one year ago.Inventory Change
There were 1,261 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 7.8% compared with the previous 30 day period (September 21 - October 20) and up 2.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,859) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $855 increase compared to the previous 30 day period (September 21 - October 20) and ($13,197) 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 (October 21 - November 19) stood at 49.5%, up from 37.0% over the previous 30 days (September 21 - October 20) and up from 31.6% 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 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Dream Home Realty Inc.
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