578 Spadina Ave 5
University, Downtown Toronto, M5S 2H2
FOR SALE
$2,449,900
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4
BEDROOMS4
BATHROOMS1 + 1
KITCHENS11
ROOMSC11908594
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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!
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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 |
Extras
This home is just steps from Harbord and Spadina, U of T, TTC, Yorkville, Kensington Market, Little Italy, shops, restaurants and grocery stores a perfect combination of space, luxury, and low maintenance in a prime location.
Nearby Intersections
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 $2,449,900, which is $1,445,581 (143.9%) higher than the average sold price of $1,004,319 in the last 30 days (December 9 - January 7). During the last 30 days the average sold price for a 4 bedroom townhome in Downtown Toronto increased by $93,512 (10.3%) compared to the previous 30 day period (November 9 - December 8) and down $214,252 (17.6%) from the same time one year ago.Inventory Change
There were 12 4-bedroom townhomes listed in Downtown Toronto over the last 30 days (December 9 - January 7), which is down 73.9% compared with the previous 30 day period (November 9 - December 8) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom townhomes in Downtown Toronto typically sold $7,606 (0.8%) above asking price over the last 30 days (December 9 - January 7), which represents a $15,386 increase compared to the previous 30 day period (November 9 - December 8) and ($22,542) 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 4-bedroom townhomes in Downtown Toronto over the last 30 days (December 9 - January 7) stood at 125.0%, up from 58.7% over the previous 30 days (November 9 - December 8) and up from 58.3% 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 40 days when successfully sold over the last 30 days (December 9 - January 7), compared to 94 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Ultimate Realty Inc.
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