38 Elm St 3112
Bay Street Corridor, Downtown Toronto, M5G 2K5
FOR SALE
$625,000
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Property Description
Welcome to urban sophistication at its finest. Nestled in the heart of downtown, the Minto Plaza offers a pleasing Asian feng-shui design aesthetic, as well as hotel-like amenities to cater to all of your needs without having to leave the building. Upon entering this beautiful 756 sq. ft.suite, you are greeted by a larger than most open floor plan that maximizes space and natural light with picture windows that engulf the breathtaking cityscape. The combined living/dining room has lots of space and would adapt to multiple configurations. A generoussize kitchen is perfect for the home chef and features a pass-through to the dining area ... the perfect layout for entertaining. The bedroom is a peaceful retreat with plush broadloom and his and hers mirror closets. Relax and unwind in your spa-like bathroom with a large soaker tub and a vanity with ambiance lighting. It does not get much better than breakfast on your private balcony taking in the unparalleled views, or enjoying a glass of wine under the stars amidst the glowing lights of the city. Convenient ensuite laundry room with storage space, completes this amazing unit. The buildings exclusive amenities include 24hrs concierge, the Minto Club lounge and piano bar, reading areas with wi-fi, two banquet rooms, conference room, gym, games room, video room and indoor swimming pool, sauna and whirlpool. Whether you are enjoying morning coffee on the 2nd floor outdoor sundeck, planting in the communal garden area, or greeting friends in the lobby, the Minto Condominium caters to every aspect of urban living. Live vehicle free, knowing that you are living mere steps from TTC, fine dining and cultural attractions and in close proximity to Torontos top hospitals and universities. This condo offers the ultimate in convenience and connectivity. Welcome to your new home! **EXTRAS** Maintenance includes: Heat, CAC, Hydro, Water, Building Insurance and Common Elements.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-04-02 | 2024-07-09 | 98 | $629,900 | - | Terminated |
| 2023-08-21 | 2024-03-29 | 221 | $649,900 | - | Expired |
| 2023-08-21 | 2024-03-29 | 221 | $649,900 | - | Expired |
| 2022-09-29 | 2022-12-21 | 84 | $699,900 | - | Suspended |
| 2022-09-29 | 2022-10-17 | 19 | $699,900 | - | Suspended |
Nearby Intersections
Property Features
Hospital, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,854 (2024)
Basement
None
Exterior
Brick
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 | 11.98' x 20.05' | Combined W/Dining, Open Concept, W/O To Balcony |
| Dining | Flat | 11.98' x 20.05' | Combined W/Living, Open Concept, Breakfast Bar |
| Kitchen | Flat | 5.64' x 8.04' | Tile Floor, B/I Ctr-Top Stove, O/Looks Dining |
| Br | Flat | 11.09' x 15.06' | Semi Ensuite, His/Hers Closets, Large Window |
| Laundry | Flat | 3.87' x 4.46' | Separate Rm, Dropped Ceiling |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
38 Elm St 3112 is a 1-bedroom 1-bathroom condo listed for sale at $625,000, which is $67,890 (12.2%) higher than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) 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 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% 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 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 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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