426 University Ave P309
Kensington-Chinatown, Downtown Toronto, M5G 1S9
FOR SALE
$610,000
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Property Description
Welcome to Residences at RMCI. A RARE 1-bedroom, 1-bathroom unit on the highly desired PENTHOUSE floor with a modern kitchen, island, and integrated appliances with the sun illuminating the unit. The layout features long sliding door closets for ample storage. The PENTHOUSE overlooks a beautiful east/south-facing views of the city skyline. Steps from St. Patrick Subway Station and close to UofT, hospitals, law firms, Queen's Park, groceries, and pharmacies. Amenities include a 24-hour concierge, gym, and party room.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-31 | 2024-12-13 | 43 | $2,500 | - | Terminated |
Nearby Intersections
Queen & University (75)
University & Dundas (52)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,825 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 8.63' x 16.04' | Laminate, Window Flr to Ceil, East View |
| Dining | Flat | 8.63' x 16.04' | Laminate, Window Flr to Ceil, East View |
| Kitchen | Flat | 8.63' x 16.04' | Laminate, Window Flr to Ceil, East View |
| Prim Bdrm | Flat | 8.99' x 9.51' | Laminate, Sliding Doors, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
426 University Ave P309 is a 1-bedroom 1-bathroom condo listed for sale at $610,000, which is $43,436 (7.7%) higher than the average sold price of $566,564 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $3,726 (0.7%) compared to the previous 30 day period (November 18 - December 17) and down $17,146 (2.9%) from the same time one year ago.Inventory Change
There were 857 1-bedroom condos listed in Downtown Toronto over the last 30 days (December 18 - January 16), which is down 4.7% compared with the previous 30 day period (November 18 - December 17) and up 43.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($13,272) (2.3%) below asking price over the last 30 days (December 18 - January 16), which represents a $449 decrease compared to the previous 30 day period (November 18 - December 17) and ($15,475) 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 (December 18 - January 16) stood at 40.5%, down from 54.1% over the previous 30 days (November 18 - December 17) and down from 57.2% 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 42 days when successfully sold over the last 30 days (December 18 - January 16), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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