38 Elm St #3113
Bay Street Corridor, Downtown Toronto, M5G 2K5
FOR SALE
$649,000
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Property Description
Absolutely Gorgeous unit with CN tower and City views. Prime location of downtown. Bright & Spacious one bedroom suite with 2 bathrooms with 5 pc- ensuite, big walk-in closet. 1 parking & locker included. The most desired layout in the entire building. Maintenance includes all utilities- heat, water, hydro, central AC & also building insurance & common elements. Next to Subway, Ryerson, U of T, Eaton Centre, hospital. Includes patio access & kids play area as well with 24 hrs security.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-15 | 2024-09-24 | 40 | $650,000 | - | Suspended |
| 2023-07-25 | 2023-08-24 | 30 | $2,900 | $2,900 | Leased |
| 2022-07-05 | 2022-07-07 | 2 | $2,400 | $2,400 | Leased |
| 2021-07-04 | 2021-08-17 | 44 | $2,200 | $2,200 | Leased |
| 2020-06-25 | 2020-07-26 | 36 | $2,500 | - | Suspended |
Nearby Intersections
Property Features
Clear View, Hospital, Library, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,800 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 10.33' x 12.01' | Combined W/Dining |
| Dining | Flat | 10.33' x 12.01' | Combined W/Living |
| Kitchen | Flat | 6.40' x 7.71' | O/Looks Dining |
| Prim Bdrm | Flat | 10.99' x 12.99' | 5 Pc Ensuite |
| Laundry | Flat | 5.91' x 4.92' | Separate Rm |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
38 Elm St #3113 is a 1-bedroom 2-bathroom condo listed for sale at $649,000, which is $82,096 (14.5%) higher than the average sold price of $566,904 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $5,539 (1.0%) compared to the previous 30 day period (September 1 - September 30) and down $35,117 (5.8%) from the same time one year ago.Inventory Change
There were 1,279 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 1 - October 30), which is down 22.4% compared with the previous 30 day period (September 1 - September 30) and down 12.5% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($12,643) (2.2%) below asking price over the last 30 days (October 1 - October 30), which represents a $2,087 decrease compared to the previous 30 day period (September 1 - September 30) and ($9,800) 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 (October 1 - October 30) stood at 45.2%, up from 27.7% over the previous 30 days (September 1 - September 30) and up from 30.2% 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 1 - October 30), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife Silvercity Realty Inc.
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