390 Cherry St 3504
Waterfront Communities C8, Downtown Toronto, M5A 0E2
FOR SALE
$1,196,000
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Property Description
Modern, Bright, and Sundrenched exquisite Two Story Penthouse right in the heart of the Distillery District. This Stunning 2 Bed, 3 Bath + 2 Parking Spots, a Locker and Two Large Balconies is simply Fantastic. Sweeping Wide Open East Views will make your Weekend Mornings not come soon enough. This two-story Penthouse has two great-sized bedrooms on the second floor along with two Bathrooms (one ensuite) and the main floor has an open-concept Great room with massive floor-to-ceiling windows a fireplace and a powder room. Located just steps from the Streetcar and a quick drive to the DVP or Gardner. A short stroll to the upcoming New Ontario Line Subway, Corktown Common Park, Lesliville, and St. Lawrence Market, along with all the shops, cafes and restaurants you could ask for make this one great location!
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Extras
Built-in Kitchen Appliances: Fridge, Oven, Gas Cook Top, Dishwasher, Microwave. Washer/Dryer, Build-in Fireplace, Custom Deck Flooring on both Balconies, Window Coverings, All Existing Light Fixtures. *Maintenance fees incl 2 parking spots.
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Property Details
Street
Community
City
Property Type
Condo Apt, 2-Storey
Approximate Sq.Ft.
1000-1199
Taxes
$5,658 (2024)
Basement
None
Exterior
Other
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (B33)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 8.14' x 14.17' | B/I Appliances, Combined W/Laundry, Breakfast Bar |
| Living | Main | 17.29' x 13.35' | Combined W/Dining, Fireplace, East View |
| Dining | Main | 17.29' x 13.35' | Combined W/Living, W/O To Balcony, East View |
| Prim Bdrm | 2nd | 10.10' x 16.96' | 4 Pc Ensuite, W/O To Balcony, East View |
| 2nd Br | 2nd | 8.14' x 13.06' | Closet Organizers, W/O To Balcony, East View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
390 Cherry St 3504 is a 2-bedroom 3-bathroom condo listed for sale at $1,196,000, which is $436,126 (57.4%) higher than the average sold price of $759,874 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $5,140 (0.7%) compared to the previous 30 day period (October 18 - November 16) and down $46,119 (5.7%) from the same time one year ago.Inventory Change
There were 809 2-bedroom condos listed in Downtown Toronto over the last 30 days (November 17 - December 16), which is down 34.9% compared with the previous 30 day period (October 18 - November 16) and up 15.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($17,893) (2.4%) below asking price over the last 30 days (November 17 - December 16), which represents a $2,039 increase compared to the previous 30 day period (October 18 - November 16) and ($25,154) 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 2-bedroom condos in Downtown Toronto over the last 30 days (November 17 - December 16) stood at 57.7%, up from 45.8% over the previous 30 days (October 18 - November 16) and up from 54.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom condo in Downtown Toronto stood at 37 days when successfully sold over the last 30 days (November 17 - December 16), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group Realty Systems Inc.
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