50 Lombard St 2705
Church-Yonge Corridor, Downtown Toronto, M5C 2X4
FOR SALE
$588,000
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Property Description
Welcome to The Indigo - A luxurious one bedroom penthouse suite featuring stunning wooden floors throughout. This spacious and bright suite boasts an excellent layout with expansive windows that flood the open-concept living/dining areas with natural light. The sleek white kitchen includes brand new GE washer/dryer(2025). The marble bathroom offers a separate tub and shower for ultimate relaxation. The primary bedroom is a serene retreat with a large mirrored closet, corner windows that provide abundant light, and a fantastic view. With only three suites on the top floor, privacy and tranquility are guaranteed. The rooftop garden is only a few steps away, with unobstructed views letting you soak in the sun all day. Experience the convenience of visitor parking, personal EV Charger, 24-Hr Concierge service, a fully equipped gym, yoga room, sauna, games room, and guest suites for any visitors all within the vibrant heart of Downtown.This is a fantastic opportunity to downsize, without compromising on space!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-05-10 | 2022-06-08 | 29 | $585,000 | $545,000 | Sold |
Nearby Intersections
Adelaide & Church (18)
Property Features
Clear View, Electric Car Charger, Hospital, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,432 (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 (P2, Unit 24)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 15.49' x 21.39' | Combined W/Dining, Open Concept |
| Dining | Main | 15.49' x 21.39' | Combined W/Living, Open Concept |
| Kitchen | Main | 7.05' x 8.01' | B/I Appliances, O/Looks Dining |
| Prim Bdrm | Main | 9.97' x 11.02' | Large Closet, Large Window, North View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
50 Lombard St 2705 is a 1-bedroom 1-bathroom condo listed for sale at $588,000, which is $30,890 (5.5%) higher than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) 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 (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% 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 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Our Neighbourhood Realty Inc.
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