55 Ontario St 401
Moss Park, Downtown Toronto, M5A 0T8
FOR SALE
$624,888
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Property Description
Welcome to your urban oasis at East55 Condos! This modern, north-facing studio boasts an unobstructed view, seamlessly combining sleek design with functional living. Featuring a one- bedroom layout, this unit includes a parking spot and a locker for added convenience. Experience contemporary living with premium amenities, including a State- of - Art gym, a rooftop pool with stunning city views, 24/7 concierge service, and visitor parking. Perfectly located within walking distance of the future Corktown Subway Line, this property offers unparalleled connectivity. Enjoy vibrant downtown living with restaurants, shopping and entertainment just steps away!!
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Property Features
Beach, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
0-499
Taxes
$2,372 (2023)
Basement
None
Exterior
Brick, Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (2)
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Ontario St 401 is a 1-bedroom 1-bathroom condo listed for sale at $624,888, which is $62,025 (11.0%) higher than the average sold price of $562,863 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $6,430 (1.1%) compared to the previous 30 day period (October 18 - November 16) and down $22,163 (3.8%) from the same time one year ago.Inventory Change
There were 886 1-bedroom condos listed in Downtown Toronto over the last 30 days (November 17 - December 16), which is down 31.7% compared with the previous 30 day period (October 18 - November 16) and up 19.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($12,552) (2.2%) below asking price over the last 30 days (November 17 - December 16), which represents a $1,650 decrease compared to the previous 30 day period (October 18 - November 16) and ($14,925) more 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 (November 17 - December 16) stood at 51.2%, up from 47.2% over the previous 30 days (October 18 - November 16) and down from 54.9% 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 31 days when successfully sold over the last 30 days (November 17 - December 16), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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