505 Richmond St W 632
Waterfront Communities C1, Downtown Toronto, M5V 0P4
FOR SALE
$1,145,000
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2
BEDROOMS2
BATHROOMS1
KITCHENS5
ROOMSC8190692
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Property Description
Luxury like none other. Mature building with all amenities open and ready. Not living in a construction zone like many of its neighbours. Get what you pay for immediately. Must see to experience. Split bedroom with plenty of living space facing south with no obstructions. A large open balcony with gas bbq and water to enjoy the outside as much as you will enjoy the inside.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-05 | 2024-03-20 | 44 | $1,199,900 | - | Terminated |
| 2024-01-01 | 2024-02-01 | 31 | $1,149,990 | - | Terminated |
| 2023-11-25 | 2023-12-21 | 26 | $1,184,880 | - | Terminated |
| 2023-10-24 | 2023-11-24 | 31 | $1,350,000 | - | Terminated |
| 2023-03-16 | 2023-05-03 | 48 | $1,425,000 | - | Terminated |
| 2022-12-06 | 2022-12-18 | 12 | $4,250 | $4,250 | Leased |
| 2022-11-29 | 2022-12-23 | 24 | $1,344,990 | - | Terminated |
| 2022-11-29 | 2022-12-06 | 12 | $5,000 | - | Suspended |
Extras
All existing appliances, all window coverings, all electric light fixtures. Amenities include: gym; two combined event rooms with full kitchen, wet bars, dining room and lounges; outdoor terrace...
Nearby Intersections
Property Features
Arts Centre, Clear View, Hospital, Library, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$4,011 (2023)
Basement
Apartment
Exterior
Brick
Heat Type
Fan Coil
Heat Source
Other
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Owned (D)
Parking 2
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
505 Richmond St W 632 is a 2-bedroom 2-bathroom condo listed for sale at $1,145,000, which is $333,577 (41.1%) higher than the average sold price of $811,423 in the last 30 days (March 31 - April 29). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $21,592 (2.7%) compared to the previous 30 day period (March 1 - March 30) and up $4,391 (0.5%) from the same time one year ago.Inventory Change
There were 1,531 2-bedroom condos listed in Downtown Toronto over the last 30 days (March 31 - April 29), which is up 27.4% compared with the previous 30 day period (March 1 - March 30) and up 40.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($11,986) (1.5%) below asking price over the last 30 days (March 31 - April 29), which represents a $723 increase compared to the previous 30 day period (March 1 - March 30) and ($6,778) 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 31 - April 29) stood at 44.9%, down from 49.4% over the previous 30 days (March 1 - March 30) and down from 63.3% 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 31 - April 29), compared to 53 days before being removed from the market upon being suspended or terminated.Listing contracted with Marquis Real Estate Corporation
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