578 Spadina Ave 5
University, Downtown Toronto, M5S 2H2
FOR SALE
$2,349,900
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4
BEDROOMS4
BATHROOMS1 + 1
KITCHENS11
ROOMSC11908594
MLSIDContact Us
Property Description
This modern home, built in 2007, offers the best of both worlds, like a freehold and with just one party wall, but with the convenience of a condo with low maintenance fees ($0.24/sq ft). Homes in this exclusive 5-unit condo complex are rarely available, making this bright and spacious corner townhouse a must-see! Tucked away at the back of the complex for maximum privacy, Unit 5 boasts nearly 3,200 sq ft of living space, including 4 large bedrooms, 4 bathrooms, and 3 outdoor spaces. The open-concept main level is perfect for entertaining, with 9-foot ceilings, crown moldings, and a seamless flow between living, dining, and kitchen areas. Modern comforts include in-floor radiant heating throughout, central AC, and heat pumps for second-level climate control. Outdoor living is a highlight with two gas lines, one in the professionally landscaped backyard with flagstones and garden for year-round grilling, and another on the rooftop terrace (updated in 2023 with GMM decking), offering stunning CN Tower views and additional storage. The main level features a spacious bedroom with a closet and a 3-piece bathroom. The lower level, renovated 5 years ago, includes a large rec/family room with new vinyl flooring, a wet bar with custom cabinetry and a moveable center island, and a walkout to a private, professionally landscaped patio with planters. A large bedroom and laundry area complete this level. Upstairs, the primary bedroom is a true retreat, featuring a walk-in closet and a luxurious ensuite bathroom with a Toto washlet. Additional highlights include parking (with an optional second spot in the backyard), a locker for extra storage, and fully owned equipment, including an on-demand NTI Tankless Combi water heater and newer Lennox A/C and Air Handler (2023).This is your chance to own a rare gem in a highly sought-after location don't let it slip away! **EXTRAS** This home is just steps from Harbord and Spadina, U of T, TTC, Yorkville, Kensington Market, Little Italy, s
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-18 | 2024-12-31 | 74 | $2,499,800 | - | Expired |
Nearby Intersections
College & Spadina (13)
Property Features
Fenced Yard, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Townhouse, 2-Storey
Approximate Sq.Ft.
3000-3249
Taxes
$10,479 (2024)
Basement
None
Exterior
Stone, Stucco/Plaster
Heat Type
Water
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Exclusive
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 4.82' x 6.82' | Closet, Porcelain Floor |
| Living | Main | 17.22' x 13.32' | Combined W/Dining, Hardwood Floor, Juliette Balcony |
| Dining | Main | 17.22' x 13.91' | Combined W/Living, Hardwood Floor, Pot Lights |
| Kitchen | Main | 12.76' x 20.01' | Centre Island, Hardwood Floor, W/O To Yard |
| 3rd Br | Main | 12.83' x 17.39' | Hardwood Floor, Ensuite Bath, O/Looks Garden |
| Prim Bdrm | Upper | 16.67' x 19.52' | Hardwood Floor, W/I Closet, Ensuite Bath |
| 2nd Br | Upper | 8.92' x 8.07' | Hardwood Floor, Double Closet, Large Window |
| Other | Upper | 18.01' x 22.01' | W/W Closet, Sw View |
| Rec | Lower | 16.86' x 21.98' | Vinyl Floor, South View, Pot Lights |
| Kitchen | Lower | 16.86' x 21.98' | Combined W/Rec, Vinyl Floor, W/O To Patio |
| 4th Br | Lower | 14.76' x 26.41' | Broadloom, Window |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
578 Spadina Ave 5 is a 4-bedroom 4-bathroom townhome listed for sale at $2,349,900, which is $792,560 (50.9%) higher than the average sold price of $1,557,340 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom townhome in Downtown Toronto increased by $588,659 (60.8%) compared to the previous 30 day period (December 22 - January 20) and up $572,381 (58.1%) from the same time one year ago.Inventory Change
There were 34 4-bedroom townhomes listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 6.2% compared with the previous 30 day period (December 22 - January 20) and up 9.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom townhomes in Downtown Toronto typically sold ($28,227) (1.8%) below asking price over the last 30 days (January 21 - February 19), which represents a $44,763 decrease compared to the previous 30 day period (December 22 - January 20) and ($15,784) 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 4-bedroom townhomes in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 64.7%, up from 34.4% over the previous 30 days (December 22 - January 20) and up from 58.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom townhome in Downtown Toronto stood at 37 days when successfully sold over the last 30 days (January 21 - February 19), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Ultimate Realty Inc.
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