38 Elm St 1613
Bay Street Corridor, Downtown Toronto, M5G 2K5
FOR SALE
$597,888
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Property Description
Chic 1-bedroom Condo with Stunning SW Views at 38 Elm Street #1613. Experience upscale urban living in this rare, spacious 1-bedroom, 2- condo nestled in Toronto's coveted Bay Street Corridor. Boasting approximately 730 sq ft, this bright unit features an open-conceptliving and dining area, perfect for entertaining or relaxing. The generously sized bedroom includes expansive windows that food the space with natural light, a large walk-in closet, and a luxurious 4-piece master ensuite. Enjoy breathtaking, unobstructed southwest views of the downtown skyline from the comfort of your home. Located on a chic stretch between Yonge and Bay, you'll be a step away from top restaurants, lively pubs,and outdoor terraces. This prime location is also steps from Toronto General Hospital and SickKids Hospital and minutes from the University ofToronto. Don't miss out on this exceptional opportunity for city living at its finest!
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Extras
All Stainless Steel AppliancesNew Stove, 1 year old Fridge, B/I Microwave, Stacked washer and Dryer
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,675 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Flat | 6.17' x 8.76' | Ceramic Floor, 2 Pc Bath, Walk Through |
| Living | Flat | 11.32' x 11.58' | Laminate, Open Concept, Large Window |
| Dining | Flat | 9.15' x 10.43' | |
| Kitchen | Flat | 6.27' x 7.74' | Ceramic Floor, Stainless Steel Appl, Ceramic Back Splash |
| Br | Flat | 10.33' x 13.16' | Large Window, Sw View, W/I Closet |
| Laundry | Flat | 5.84' x 6.43' | Ceramic Floor, Separate Rm |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
38 Elm St 1613 is a 1-bedroom 2-bathroom condo listed for sale at $597,888, which is $27,057 (4.7%) higher than the average sold price of $570,831 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $1,245 (0.2%) compared to the previous 30 day period (September 23 - October 22) and down $18,306 (3.1%) from the same time one year ago.Inventory Change
There were 1,217 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 23 - November 21), which is down 3.1% compared with the previous 30 day period (September 23 - October 22) and down 5.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,815) (1.7%) below asking price over the last 30 days (October 23 - November 21), which represents a $2,467 increase compared to the previous 30 day period (September 23 - October 22) and ($13,538) 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 23 - November 21) stood at 50.3%, up from 44.5% over the previous 30 days (September 23 - October 22) and up from 34.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 2-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (October 23 - November 21), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realtron Marius Mitrofan Group
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