501 Adelaide St W 802
Waterfront Communities C1, Downtown Toronto, M5V 1T4
FOR SALE
$1,099,000
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2
BEDROOMS2
BATHROOMS1
KITCHENS5
ROOMSC9768441
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Property Description
Executive corner suite at Kingly 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 rare 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 |
|---|---|---|---|---|---|
| 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 $1,099,000, which is $332,926 (43.5%) higher than the average sold price of $766,074 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $7,530 (1.0%) compared to the previous 30 day period (September 21 - October 20) and down $40,072 (5.0%) from the same time one year ago.Inventory Change
There were 1,204 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 12.5% compared with the previous 30 day period (September 21 - October 20) and up 7.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($20,452) (2.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $2,119 decrease compared to the previous 30 day period (September 21 - October 20) and ($21,092) 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 (October 21 - November 19) stood at 47.6%, up from 33.4% over the previous 30 days (September 21 - October 20) and up from 34.7% 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 (October 21 - November 19), 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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