426 University Ave 2503
University, Downtown Toronto, M5G 1S9
FOR SALE
$820,000
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BEDROOMS1
BATHROOMS1
KITCHENS4
ROOMSC10420593
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Property Description
INVESTMENT OPPORTUNITY! CASH FLOW GENERATING PROPERTY! PRIME AND SOUGHT-AFTER LOCATION AT UNIVERSITY AND DUNDAS! POTENTIAL RENTAL INCOME UP TO $46,000 A YEAR! Very bright corner unit with a large balcony. This two-bedroom luxury condo in the heart of downtown on University Ave features 9ft smooth ceilings, a modern kitchen with integrated appliances, frosted glass doors for bedrooms and closets, and a large island with granite countertops. Building amenities include a 24-hour concierge and a fully equipped fitness facility. Steps to public transit and close to Toronto Eaton Centre, hospitals, and U of T.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-09 | 2024-11-12 | 126 | $825,000 | - | Terminated |
| 2021-05-25 | 2021-06-02 | 8 | $699,900 | $765,000 | Sold |
| 2018-11-20 | 2019-01-31 | 72 | $2,495 | - | Expired |
Nearby Intersections
Queen & University (106)
University & Dundas (49)
Property Features
Clear View, Hospital, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$3,471 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
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 |
|---|---|---|---|
| Living | Flat | 11.52' x 13.42' | Laminate, Sw View |
| Dining | Flat | 11.52' x 13.42' | Laminate, Centre Island, Open Concept |
| Kitchen | Flat | 6.17' x 13.42' | Ceramic Floor, B/I Appliances, Stainless Steel Appl |
| Br | Flat | 8.76' x 10.50' | Laminate, Large Closet, W/O To Balcony |
| 2nd Br | Flat | 8.23' x 8.76' | Large Closet, Large Window |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
426 University Ave 2503 is a 2-bedroom 1-bathroom condo listed for sale at $820,000, which is $53,926 (7.0%) higher than the average sold price of $766,074 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $7,530 (1.0%) compared to the previous 30 day period (September 21 - October 20) and down $40,072 (5.0%) from the same time one year ago.Inventory Change
There were 1,204 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 12.5% compared with the previous 30 day period (September 21 - October 20) and up 7.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($20,452) (2.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $2,119 decrease compared to the previous 30 day period (September 21 - October 20) and ($21,092) 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 (October 21 - November 19) stood at 47.6%, up from 33.4% over the previous 30 days (September 21 - October 20) and up from 34.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Downtown Toronto stood at 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Legacies Realty
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