501 Adelaide St W 611
Waterfront Communities C1, Downtown Toronto, M5V 1T4
FOR SALE
$1,699,000
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Property Description
Rarely Does A Residence Of Such Great Importance And Unrivaled Luxury Become Available In King West. This Is Your Opportunity To Own Approximately 1200 Meticulously Updated Interior Square Feet, Complimented By A Breathtaking 600 Square Foot Private Terrace Oasis In The Highly Sought After Kingly. The Three-Bedroom Suite Showcases Dramatic City Views From Floor To Ceiling Windows Which Draw An Abundance Of Natural Light Throughout. The Well-Defined Principal Rooms Are Designed For Effortless Entertaining As They Accommodate An Unrivaled Living Experience And Seamlessly Integrate Into One Of King West's Most Impressive Terraces. The Modern Scavolini Kitchen Features Top Of The Line Appliances And Provides Functionality With A Convenient Pantry & Breakfast Bar. The Primary Bedroom Retreat Includes A Three-Piece Ensuite Bathroom And A Wall-To-Wall Closet System. The Spacious Second Bedroom Is Perfect For All Guests Or Families And Includes A Convenient Walk-Out To The Garden Terrace. The Third Bedroom Provides A Great Opportunity For A Large Office, Home Gym Or Media Room. The Residence Features A Second, Updated Four Piece, Spa-Like Bathroom. **EXTRAS** Prime King West Location. Easy Access To Queen & King West Shopping, Cafes & Galleries, Kensington Market, Financial & Entertainment Districts, Waterworks Food Hall, St. Andrews Park & Martin Goodman Trail. Steps To Public Transit.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-11-19 | 2025-01-13 | 55 | $1,699,000 | - | Terminated |
2024-10-16 | 2024-11-19 | 34 | $1,749,900 | - | Terminated |
2024-09-03 | 2024-10-16 | 43 | $1,799,900 | - | Terminated |
2020-01-17 | 2020-02-05 | 19 | $1,649,000 | $1,620,000 | Sold |
Nearby Intersections
Property Features
Arts Centre, Library, Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$6,616 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned (C2)
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 14.60' x 24.08' | Hardwood Floor, Window Flr to Ceil, W/O To Terrace |
Prim Bdrm | Main | 9.42' x 12.01' | Hardwood Floor, Window Flr to Ceil, W/O To Terrace |
2nd Br | Main | 8.40' x 12.96' | Hardwood Floor, Double Closet, B/I Appliances |
3rd Br | Main | 9.68' x 10.07' | Hardwood Floor, Double Closet, Glass Doors |
Kitchen | Main | 7.51' x 12.57' | Hardwood Floor, Centre Island, Glass Doors |
Dining | Main | 14.60' x 24.08' | Hardwood Floor, Overlook Patio |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
501 Adelaide St W 611 is a 3-bedroom 2-bathroom condo listed for sale at $1,699,000, which is $496,467 (41.3%) higher than the average sold price of $1,202,533 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom condo in Downtown Toronto increased by $358,140 (42.4%) compared to the previous 30 day period (December 22 - January 20) and up $309,595 (34.7%) from the same time one year ago.Inventory Change
There were 216 3-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 47.9% compared with the previous 30 day period (December 22 - January 20) and up 9.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom condos in Downtown Toronto typically sold ($28,974) (2.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $467 increase compared to the previous 30 day period (December 22 - January 20) and ($24,701) 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 3-bedroom condos in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 23.1%, down from 34.2% over the previous 30 days (December 22 - January 20) and down from 35.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom condo in Downtown Toronto stood at 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Bibby Group Realty
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