50 Lombard St 1005
Church-Yonge Corridor, Downtown Toronto, M5C 2X4
FOR SALE
$560,000
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Property Description
Discover a rare gem in downtown Toronto. This spacious one-bedroom apartment boasts 745 sqft (a rare find for downtown units). The separate space with a glass enclosure and window can be used as a second bedroom/den space/office space/rec room. It comes with its own parking and locker. Located in the sought after Indigo Building, with concierge security. Enjoy unmatched convenience, steps from financial district offices, fine dining, St. Lawrence Market, Eaton Centre, the waterfront, subway stations, TTC, with easy access to the Gardiner Expressway. Nestled on quiet Lombard Street, which offers a serene escape from city life. Its layout includes large corner bedroom windows and large unobstructed windows in the living room for stunning views. Hardwood flooring in the dining room and the gourmet kitchen features built-in appliances. An incredible investment, this property offers exceptional value in an A+ location. Ideal for investors or those seeking a move-in-ready urban home. Property is being sold "as is".
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Extras
Lots of amenities for residents to enjoy such as rooftop garden patios/BBQs, gym, sauna room, game/sports room, party room, guest suite, and library/office space.
Nearby Intersections
Adelaide & Church (29)
Property Features
Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,339 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Owned
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 6.89' x 10.20' | B/I Dishwasher, B/I Stove, Combined W/Laundry |
| Br | Main | 10.83' x 13.19' | Double Closet, Large Window, Broadloom |
| Living | Main | 9.97' x 11.55' | Ceramic Floor, Large Window, Open Concept |
| Dining | Main | 11.75' x 15.52' | Hardwood Floor, O/Looks Living, Open Concept |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
50 Lombard St 1005 is a 1-bedroom 1-bathroom condo listed for sale at $560,000, which is $6,564 (1.2%) lower 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 Real Estate Bay Realty
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