534 Queen St E
Moss Park, Downtown Toronto, M5A 1V2
FOR SALE
$1,480,000
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3
BEDROOMS2
BATHROOMS1
KITCHENS8 + 3
ROOMSC9007972
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Property Description
Welcome to your opportunity in the vibrant heart of Corktown! This stunning building places you right in the midst of the dynamic Downtown East area, with the Distillery District, West Don Lands, Riverside, and East Harbour developments just minutes away. The upper unit, currently tenanted on a month-to-month basis, boasts a spacious two-storey three (3) Bedroom apartment, perfect for comfortable living. The main floor offers versatile options, ideal for office space or conversion into a second residential unit. With two-car parking accessible from the lane, convenience is at your doorstep.This property is a savvy investment for the future, featuring both commercial and residential zoning in a high-density development area. Additionally, it is within walking distance to a future subway station, currently under construction, ensuring excellent connectivity.Extras include a furnace, AC, all light fixtures, washer, dryer, fridge, and stove. Dont miss out on this prime piece of real estate that offers endless potential in a sought-after location!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-22 | 2024-06-25 | 34 | $999,000 | - | Terminated |
| 2024-03-25 | 2024-05-23 | 59 | $1,588,000 | - | Terminated |
Extras
Furnace, Ac, All Elf's. Washer/Dryer.Fridge/Stove
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Property Details
Street
Community
City
Property Type
Att/Row/Townhouse, 3-Storey
Lot Size
18' x 100'
Fronting
North
Taxes
$12,862 (2023)
Basement
Part Bsmt
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Other
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 19.00' x 10.93' | Window |
| Other | Main | 5.74' x 6.00' | Window |
| Other | Main | 7.84' x 7.74' | Window |
| Family | 2nd | 11.32' x 11.32' | Window, Hardwood Floor |
| Kitchen | 2nd | 11.91' x 11.52' | Combined W/Dining, Skylight, Stainless Steel Appl |
| Br | 2nd | 13.42' x 8.33' | Window, Hardwood Floor |
| Br | 2nd | 13.42' x 8.33' | Window, Hardwood Floor |
| Prim Bdrm | 3rd | 24.57' x 14.40' | Window, Hardwood Floor, Closet |
| Other | Bsmt | 27.82' x 16.67' | Concrete Floor |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
534 Queen St E is a 3-bedroom 2-bathroom townhome listed for sale at $1,480,000, which is $428,172 (40.7%) higher than the average sold price of $1,051,828 in the last 30 days (June 6 - July 5). During the last 30 days the average sold price for a 3 bedroom townhome in Downtown Toronto declined by $76,295 (6.8%) compared to the previous 30 day period (May 7 - June 5) and up $10,883 (1.0%) from the same time one year ago.Inventory Change
There were 304 3-bedroom townhomes listed in Downtown Toronto over the last 30 days (June 6 - July 5), which is down 6.7% compared with the previous 30 day period (May 7 - June 5) and up 11.4% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in Downtown Toronto typically sold $10,161 (1.0%) above asking price over the last 30 days (June 6 - July 5), which represents a $32,589 decrease compared to the previous 30 day period (May 7 - June 5) and $48,952 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 3-bedroom townhomes in Downtown Toronto over the last 30 days (June 6 - July 5) stood at 47.7%, up from 44.8% over the previous 30 days (May 7 - June 5) and down from 78.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom townhome in Downtown Toronto stood at 18 days when successfully sold over the last 30 days (June 6 - July 5), compared to 36 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Realty Ltd.
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