501 Adelaide St W 702
Waterfront Communities C1, Downtown Toronto, M5V 1T4
FOR SALE
$1,099,000
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BEDROOMS2
BATHROOMS1
KITCHENS5
ROOMSC8215576
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Property Description
Spectacular Executive 2 Bdrm, 2 Bath Corner Suite On Trendy King St. West. Steps To The Financial Core. Stunning Clear Views Of The City Skyline In This Corner Unit With Unobstructed CN Tower View. Located In The Heart Of The Entertainment District Steps To Restaurants,Shopping, Nightlife, Theatres, Subway, Ttc. Easy Access To All The City Has To Offer! Pet Friendly!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-18 | 2024-02-28 | 41 | $1,235,000 | - | Terminated |
| 2023-11-11 | 2024-01-18 | 68 | $5,000 | - | Terminated |
| 2023-10-11 | 2023-11-10 | 30 | $5,800 | - | Terminated |
| 2020-01-15 | 2020-02-03 | 21 | $4,500 | $4,500 | Leased |
Extras
High-End Italian Appliances:Fridge,B/I Dishwasher,Stove,Stacked Washer/Dryer. Tub In Washroom, Wall to Wall Windows Essentially Wrap The Entire Unit Allowing For Tons Of Natural Light. 24 Hr Concierge, Premium Workspace & Fitness Centre.
Nearby Intersections
Property Features
Hospital, Library, Park, Public Transit, School, Waterfront
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$4,796 (2023)
Basement
None
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 9.91' x 9.35' | B/I Appliances, Closet, Sliding Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
501 Adelaide St W 702 is a 2-bedroom 2-bathroom condo listed for sale at $1,099,000, which is $285,436 (35.1%) higher than the average sold price of $813,564 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $27,866 (3.5%) compared to the previous 30 day period (February 29 - March 29) and up $9,354 (1.2%) from the same time one year ago.Inventory Change
There were 1,508 2-bedroom condos listed in Downtown Toronto over the last 30 days (March 30 - April 28), which is up 22.2% compared with the previous 30 day period (February 29 - March 29) and up 34.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($11,330) (1.4%) below asking price over the last 30 days (March 30 - April 28), which represents a $1,236 increase compared to the previous 30 day period (February 29 - March 29) and ($6,935) 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 (March 30 - April 28) stood at 44.3%, down from 48.6% over the previous 30 days (February 29 - March 29) and down from 62.9% 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 25 days when successfully sold over the last 30 days (March 30 - April 28), compared to 53 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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