550 Front St W 415
Waterfront Communities C1, Downtown Toronto, M5V 3N5
FOR SALE
$479,000
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Property Description
Welcome to Portland Park Village, a low rise condo community situated in the ideal location downtown. This one bedroom, one bathroom suite is a perfect starter home or pied-a-terre. Enter into your bright, spacious open concept living/dining room with high 9ft ceilings. Comfortable primary bedroom. Updated kitchen with quartz counter, undermount sink and tile backsplash. Enjoy the outdoors on your oversized, quiet, north-facing balcony. Bamboo flooring throughout. Premium central downtown location with easy access to all that the city has to offer. Situated just steps away from all the amenities of The Well, shopping and leisure at Stackt Market, nightlife, sports and entertainment at the Rogers Centre and the Financial District.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-04-24 | 2024-05-01 | 7 | $499,000 | - | Terminated |
Extras
Wonderful pet-friendly building located in close proximity to parks, the lake, community center, library and shopping. Enjoy living in the middle of the city with pedestrian access to all amenities. Easy access to TTC and major highways.
Nearby Intersections
Property Features
Arts Centre, Library, Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$1,586 (2023)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 9.51' x 17.39' | Combined W/Dining, Bamboo Floor, W/O To Balcony |
| Dining | Main | 9.51' x 17.39' | Combined W/Living, Bamboo Floor |
| Kitchen | Main | 7.55' x 6.89' | Tile Floor, Quartz Counter, Backsplash |
| Prim Bdrm | Main | 10.17' x 8.86' | Large Window, Bamboo Floor, 4 Pc Bath |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
550 Front St W 415 is a 1-bedroom 1-bathroom condo listed for sale at $479,000, which is $120,875 (20.2%) lower than the average sold price of $599,875 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $4,762 (0.8%) compared to the previous 30 day period (March 15 - April 13) and down $30,572 (4.8%) from the same time one year ago.Inventory Change
There were 2,111 1-bedroom condos listed in Downtown Toronto over the last 30 days (April 14 - May 13), which is up 75.9% compared with the previous 30 day period (March 15 - April 13) and up 76.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($8,857) (1.5%) below asking price over the last 30 days (April 14 - May 13), which represents a $738 decrease compared to the previous 30 day period (March 15 - April 13) and ($1,653) 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 (April 14 - May 13) stood at 28.7%, down from 54.9% over the previous 30 days (March 15 - April 13) and down from 69.0% 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 25 days when successfully sold over the last 30 days (April 14 - May 13), compared to 41 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Real Estate Services Ltd.
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