50 Power St 1510
Moss Park, Downtown Toronto, M5A 0V3
FOR SALE
$599,000

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Property Description
ATTENTION INVESTORS & FIRST-TIME BUYERS! This modern 1+Den at 50 Power St is a cash flow machine , leased for $3,000/month! Priced aggressively at $599,000 to generate interest. Schedule your showing today before it's gone! Currently tenanted at $3,000/month until October 1st, this is a fantastic investment opportunity with immediate rental income. Whether you're an investor looking for steady cash flow or a future end-user, this unit offers incredible value. Enjoy access to premium amenities, including an artists workspace, fitness and yoga studio, event room with a caterers kitchen, meeting room and lounge, games room, outdoor pool, steam rooms, community garden, outdoor grills, and a cozy fireplace. Located in one of Torontos most vibrant neighbourhoods, with TTC at your doorstep. Buyer must assume the existing tenancy until completion on October 1st, 2025.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-08-15 | 2024-08-27 | 17 | $2,700 | $3,000 | Leased |
2024-08-15 | 2024-08-22 | 12 | $2,700 | - | Suspended |
Property Features
Clear View, Hospital, Park, Place Of Worship, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,682 (2024)
Basement
None
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Flat | 10.50' x 20.08' | Laminate, Combined W/Living, Open Concept |
Kitchen | Flat | 10.50' x 20.08' | B/I Appliances, Quartz Counter, Backsplash |
Prim Bdrm | Flat | 8.27' x 10.60' | Laminate, 3 Pc Ensuite, Double Closet |
2nd Br | Flat | 8.50' x 8.50' | Laminate, Sliding Doors, Double Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
50 Power St 1510 is a 2-bedroom 2-bathroom condo listed for sale at $599,000, which is $157,601 (20.8%) lower than the average sold price of $756,601 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $25,750 (3.5%) compared to the previous 30 day period (December 22 - January 20) and down $31,820 (4.0%) from the same time one year ago.Inventory Change
There were 1,180 2-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.7% compared with the previous 30 day period (December 22 - January 20) and up 12.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($15,842) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,965 increase compared to the previous 30 day period (December 22 - January 20) and ($14,808) 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 2-bedroom condos in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 26.8%, down from 33.1% over the previous 30 days (December 22 - January 20) and down from 45.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Strata Real Estate
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