350 Wellington St W 315
Waterfront Communities C1, Downtown Toronto, M5V 3W9
FOR SALE
$495,000
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Property Description
Skip the elevator and embrace your walkable lifestyle just moments away from your favourite restaurants and vibrant nightlife. Welcome to Soho Metropolitan condo, a chic star-studded boutique condo located close to the architectural masterpiece - The Well, evolution of Toronto's food scene, shopping, entertain and more. Meticulously well maintained, freshly painted, open concept, practical layout, 500 SQFT interior suite. Savor the unfolding of life outside your window, while inside remains your peaceful sanctuary, tucked away from the hustle and bustle. Superb amenities include indoor pool, sauna, exercise room, gym, party room, rooftop patio, 24 hr concierge and more. Vacant possession provided, with the flexibility to either move in or lease out.
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Extras
Located in Toronto's Entertainment District, steps away from world-renowned attractions such as Rogers Centre, CN Tower, TIFF, Metro Toronto Convention Centre, as well as easy access to TTC routes on King Street and Spadina Ave.
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$1,760 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 11.91' x 12.93' | Hardwood Floor, Large Window, East View |
| Dining | Flat | 8.76' x 8.83' | Combined W/Kitchen, Track Lights, Hardwood Floor |
| Kitchen | Flat | 8.76' x 8.83' | Hidden Lights, Granite Counter, Track Lights |
| Br | Flat | 7.91' x 11.58' | Hardwood Floor, Large Window, Large Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
350 Wellington St W 315 is a 1-bedroom 1-bathroom condo listed for sale at $495,000, which is $71,077 (12.6%) lower than the average sold price of $566,077 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $8,316 (1.4%) compared to the previous 30 day period (July 20 - August 18) and down $49,628 (8.1%) from the same time one year ago.Inventory Change
There were 1,451 1-bedroom condos listed in Downtown Toronto over the last 30 days (August 19 - September 17), which is up 9.7% compared with the previous 30 day period (July 20 - August 18) and up 11.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,285) (1.6%) below asking price over the last 30 days (August 19 - September 17), which represents a $81 decrease compared to the previous 30 day period (July 20 - August 18) and ($7,356) 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 (August 19 - September 17) stood at 35.1%, down from 35.4% over the previous 30 days (July 20 - August 18) and down from 36.8% 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 (August 19 - September 17), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Prompton Real Estate Services Corp.
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