508 Wellington St W 611
Waterfront Communities C1, Downtown Toronto, M5V 1E3
FOR SALE
$525,000
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BEDROOMS1
BATHROOMS1
KITCHENS4
ROOMSC9364144
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Property Description
Have you ever wanted to live in a community that has EVERYTHING at your fingertips? Well, this dream can be your reality. Experience urban living in this trendy 11-storey boutique building, in the heart of vibrant King West. Located in a vibrant and fun neighbourhood, featuring access to fabulous restaurants, lively nightclubs, and the jaw dropping features of The Well. Sun filled south facing open-concept 1-bedroom unit with modern finishes throughout. If you need extra storage, this unit comes with a locker. Enjoy urban living in this stunning building today!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2020-09-17 | 2020-10-03 | 16 | $1,650 | $1,650 | Leased |
| 2020-09-02 | 2020-10-01 | 29 | $500,000 | - | Terminated |
Extras
S/S Stove, Dishwasher, Built in Fridge, Washer/Dryer, Locker
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,318 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
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 |
|---|---|---|---|
| Living | Main | 10.24' x 11.12' | Combined W/Dining, Large Window |
| Dining | Main | 8.66' x 10.86' | Combined W/Kitchen, Large Window |
| Kitchen | Main | 8.66' x 10.86' | Combined W/Dining, Stone Counter |
| Br | Main | 10.53' x 11.12' | Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
508 Wellington St W 611 is a 1-bedroom 1-bathroom condo listed for sale at $525,000, which is $46,458 (8.1%) lower than the average sold price of $571,458 in the last 30 days (August 29 - September 27). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $692 (0.1%) compared to the previous 30 day period (July 30 - August 28) and down $46,879 (7.6%) from the same time one year ago.Inventory Change
There were 1,678 1-bedroom condos listed in Downtown Toronto over the last 30 days (August 29 - September 27), which is up 39.9% compared with the previous 30 day period (July 30 - August 28) and up 6.9% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,783) (1.9%) below asking price over the last 30 days (August 29 - September 27), which represents a $2,215 decrease compared to the previous 30 day period (July 30 - August 28) and ($7,993) 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 29 - September 27) stood at 29.3%, down from 43.9% over the previous 30 days (July 30 - August 28) and up from 28.1% 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 32 days when successfully sold over the last 30 days (August 29 - September 27), compared to 57 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Richards Group Realty Ltd.
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