55 Centre Ave 701
Bay Street Corridor, Downtown Toronto, M5G 2H5
FOR SALE
$439,900
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Property Description
In the Heart of City Toronto. This stunning, bright, and generously sized one-bedroom unit is just steps away from the University of Toronto, Ryerson University, George Brown College, and OCAD, as well as major hospitals, shopping, the Financial District, Chinatown, Yonge Street, and Yorkville. Newer Reno for Kitch and Washroom .This spacious one-bedroom home is located in the sought-after Chestnut Park. Immerse yourself in the heart of downtown living at an affordable price. Dont miss out!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-10-25 | 2022-11-22 | 28 | $2,400 | $2,400 | Leased |
| 2020-08-18 | 2021-02-12 | 178 | $1,500 | $1,500 | Leased |
| 2020-06-26 | 2020-08-18 | 53 | $1,900 | - | Terminated |
Nearby Intersections
Property Features
Hospital, Library, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$1,853 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.09' x 18.73' | Laminate, Window |
| Dining | Main | 7.51' x 18.73' | Laminate |
| Kitchen | Main | 5.25' x 7.84' | Ceramic Floor, Ceramic Back Splash, Quartz Counter |
| Prim Bdrm | Main | 8.53' x 12.07' | Laminate, Window, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Centre Ave 701 is a 1-bedroom 1-bathroom condo listed for sale at $439,900, which is $117,210 (21.0%) lower than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) 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 (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% 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 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife Landmark Realty Inc.
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