508 Wellington St W 204
Waterfront Communities C1, Downtown Toronto, M5V 0K8
FOR SALE
$549,000
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Property Description
Step into one of Toronto's most coveted boutique residences, The Downtown Condos at 508 WellingtonSt.W. This spacious 1-bedroom/1-bathroom unit, with its floor to ceiling south-facing windows, offers 646 square feet of open-concept living space. Nestled in the vibrant heart of King West, enjoy the convenience of being mere steps away from the bustling Entertainment District, Toronto's newest hot spot The Well, public transportation, and easy highway access for commuters.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-23 | 2024-09-18 | 87 | $589,000 | - | Terminated |
| 2024-04-15 | 2024-06-21 | 67 | $599,000 | - | Expired |
| 2024-04-05 | 2024-04-15 | 10 | $635,000 | - | Terminated |
| 2020-04-20 | 2020-06-09 | 50 | $599,990 | $565,000 | Sold |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,798 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
508 Wellington St W 204 is a 1-bedroom 1-bathroom condo listed for sale at $549,000, which is $17,077 (3.0%) lower than the average sold price of $566,077 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $8,316 (1.4%) compared to the previous 30 day period (July 20 - August 18) and down $49,628 (8.1%) from the same time one year ago.Inventory Change
There were 1,451 1-bedroom condos listed in Downtown Toronto over the last 30 days (August 19 - September 17), which is up 9.7% compared with the previous 30 day period (July 20 - August 18) and up 11.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,285) (1.6%) below asking price over the last 30 days (August 19 - September 17), which represents a $81 decrease compared to the previous 30 day period (July 20 - August 18) and ($7,356) 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 1-bedroom condos in Downtown Toronto over the last 30 days (August 19 - September 17) stood at 35.1%, down from 35.4% over the previous 30 days (July 20 - August 18) and down from 36.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 34 days when successfully sold over the last 30 days (August 19 - September 17), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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