55 Ontario St 902
Moss Park, Downtown Toronto, M5A 0T8
FOR SALE
$1,388,000
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BEDROOMS2
BATHROOMS1
KITCHENS5
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Property Description
Located in Toronto's historic Corktown neighborhood, this 2 bedroom 2 bathroom unit is not one to miss out on. Contemporary and upscale, this executive suite boasts a chic and modern aesthetic. Bathed in sunlight, this northeast corner unit offers a spacious gourmet kitchen with stainless steel appliances, quartz countertops, and a central island perfect for culinary enthusiasts. The highlight of this residence is its expansive patio space, offering unparalleled outdoor living. Step through the dining area onto your sprawling private terrace, complete with a gas line for your BBQ and breathtaking city views. Inside, the open living area features two walls of oversized windows, creating a dynamic atmosphere filled with natural light. Situated mere steps from transit, future Corktown station, shops, cafes, bars, restaurants, George Brown College, and some of the east side's most vibrant neighborhoods (King East, St. Lawrence Market, Distillery District, Corktown Commons), this location offers the epitome of urban living.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-17 | 2024-01-16 | 92 | $1,485,000 | - | Expired |
Extras
24Hr Concierge, Outdoor Pool, Party Room, Terrace & BBQ Area, Gym, Co-working/Boardroom, Guest Suite, & Visitor Parking.
Property Features
Clear View, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$5,759 (2023)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (B)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 27.23' x 18.83' | Centre Island, Quartz Counter, Stainless Steel Appl |
| Living | Main | 27.23' x 18.83' | Open Concept, Large Window, Laminate |
| Dining | Main | 26.25' x 18.83' | Laminate, W/O To Terrace, Ne View |
| Prim Bdrm | Main | 11.22' x 11.42' | 4 Pc Ensuite, Large Closet, Large Window |
| 2nd Br | Main | 8.99' x 8.99' | Closet, Large Window, Laminate |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Ontario St 902 is a 2-bedroom 2-bathroom condo listed for sale at $1,388,000, which is $556,295 (66.9%) higher than the average sold price of $831,705 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $33,007 (4.1%) compared to the previous 30 day period (March 15 - April 13) and up $1,143 (0.1%) from the same time one year ago.Inventory Change
There were 1,810 2-bedroom condos listed in Downtown Toronto over the last 30 days (April 14 - May 13), which is up 69.5% compared with the previous 30 day period (March 15 - April 13) and up 53.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($13,848) (1.7%) below asking price over the last 30 days (April 14 - May 13), which represents a $4,233 decrease compared to the previous 30 day period (March 15 - April 13) and ($5,131) 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 2-bedroom condos in Downtown Toronto over the last 30 days (April 14 - May 13) stood at 33.1%, down from 63.4% over the previous 30 days (March 15 - April 13) and down from 65.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 25 days when successfully sold over the last 30 days (April 14 - May 13), compared to 47 days before being removed from the market upon being suspended or terminated.Listing contracted with The Weir Team, Brokerage Inc.
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