501 Adelaide St W 802
Waterfront Communities C1, Downtown Toronto, M5V 1T4
FOR SALE
$1,058,000
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BEDROOMS2
BATHROOMS1
KITCHENS5
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Property Description
Welcome to an executive corner suite at Kingly condos in the heart of the Fashion District. Discover luxury living in this stunning 1,078 sq. ft. NE corner suite, featuring 2 spacious bedrooms and 2 full bathrooms. This suite is bathed in natural light through expansive, wall-to-wall windows, showcasing unobstructed views of the city skyline and the iconic CN Tower. Highlights include soaring 9' smooth ceilings and a designer Scavolini kitchen with sleek European-style cabinetry. A great opportunity to reside in Kingly, a prestigious 132-unit boutique building with a classic brick facade and NY-style loft windows, blending elegance with premium amenities and services.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-30 | 2024-12-10 | 41 | $1,099,000 | - | Terminated |
| 2022-10-03 | 2022-11-22 | 50 | $4,600 | $5,000 | Leased |
| 2020-10-03 | 2020-10-22 | 19 | $4,200 | - | Terminated |
| 2020-07-26 | 2020-10-22 | 88 | $1,238,000 | - | Terminated |
| 2020-06-27 | 2020-09-28 | 93 | $4,200 | - | Expired |
| 2019-05-08 | 2019-07-20 | 73 | $1,199,000 | - | Terminated |
Extras
Additional $40K In Unparalleled Upgrades. Enclosed Balcony. Parking & Locker. 30'' Appliance Package, Quartz C/T, Centre Island W/Waterfall Edge, 5'' Upgraded Engineered H/W Flooring, Building Features 24 Hour Concierge, Gym, Roof Terrace.
Nearby Intersections
Property Features
Clear View, Hospital, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$5,894 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (C)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Dining | Main | 17.13' x 18.14' | Hardwood Floor, Open Concept, W/O To Balcony |
| Living | Main | 18.14' x 17.13' | Hardwood Floor, Open Concept, Combined W/Dining |
| Kitchen | Main | 13.55' x 13.94' | Centre Island, Quartz Counter, B/I Appliances |
| Prim Bdrm | Main | 11.45' x 11.45' | Hardwood Floor, Ensuite Bath, Double Closet |
| 2nd Br | Main | 8.63' x 15.03' | Hardwood Floor, Double Closet, Large Window |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
501 Adelaide St W 802 is a 2-bedroom 2-bathroom condo listed for sale at $1,058,000, which is $294,647 (38.6%) higher than the average sold price of $763,353 in the last 30 days (November 11 - December 10). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $4,515 (0.6%) compared to the previous 30 day period (October 12 - November 10) and down $25,952 (3.3%) from the same time one year ago.Inventory Change
There were 1,116 2-bedroom condos listed in Downtown Toronto over the last 30 days (November 11 - December 10), which is up 9.8% compared with the previous 30 day period (October 12 - November 10) and up 23.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($16,270) (2.1%) below asking price over the last 30 days (November 11 - December 10), which represents a $1,154 increase compared to the previous 30 day period (October 12 - November 10) and ($20,451) 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 2-bedroom condos in Downtown Toronto over the last 30 days (November 11 - December 10) stood at 48.7%, down from 49.4% over the previous 30 days (October 12 - November 10) and up from 40.9% 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 34 days when successfully sold over the last 30 days (November 11 - December 10), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty
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