578 Spadina Ave 5

FOR SALE
$2,499,800
578 Spadina Ave 5, Downtown Toronto
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
578 Spadina Ave 5
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4
BEDROOMS
4
BATHROOMS
1 + 1
KITCHENS
11
ROOMS
C9416598
MLSID
Contact Us
Property Description
A Rare Opportunity in Prime University Community! Homes in this exclusive 5-unit condo complex are seldom available, making this bright and spacious corner townhouse a must-see. Built in 2007, Unit 5 is tucked in the back of the complex for maximum privacy and offers nearly 3,200 sq ft of living space, with 4 large bedrooms, 4 bathrooms, and 3 outdoor spaces & Ultra Low Maintenance Fees. The open-concept main level is perfect for entertaining, featuring 9-foot ceilings, with 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 added climate control. Two gas lines, one in the professionally landscaped backyard with flagstones and garden allows for year-round outdoor grilling, another on the rooftop terrace (updated in 2023 with GMM decking) provides stunning views of the CN Tower and additional storage space. The main level includes a spacious bedroom with a closet and a 3-piece bathroom. The lower level, renovated 5 years ago, offers a large rec/family room with new vinyl flooring, a wet bar featuring custom cabinetry and a moveable center island, and a walkout to a professionally landscaped private patio, also boasts professionally landscaped planters, adding to the home's outdoor charm. A large bedroom and laundry area complete this level. Upstairs, the primary bedroom is a true retreat, featuring 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, newer Lennox A/C and Air Handler (2023). This one is not to be missed!
Extras
This home is just steps from 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
Public Transit
Property Details
Community
Property Type
Condo Townhouse, 2-Storey
Approximate Sq.Ft.
3000-3249
Taxes
$10,479 (2024)
Basement
None
Exterior
Stone, Stucco/Plaster
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Exclusive
Garage Type
None
Room Summary
RoomLevelSizeFeatures
FoyerMain4.82' x 6.82'Closet, Porcelain Floor
LivingMain17.22' x 13.32'Combined W/Dining, Hardwood Floor, Juliette Balcony
DiningMain17.22' x 13.91'Combined W/Living, Hardwood Floor, Pot Lights
KitchenMain12.76' x 20.01'Centre Island, Hardwood Floor, W/O To Yard
3rd BrMain12.83' x 17.39'Hardwood Floor, Ensuite Bath, O/Looks Garden
Prim BdrmUpper16.67' x 19.52'Hardwood Floor, W/I Closet, Ensuite Bath
2nd BrUpper8.92' x 8.07'Hardwood Floor, Double Closet, Large Window
OtherUpper18.01' x 22.01'W/W Closet, Sw View
RecLower16.86' x 21.98'Vinyl Floor, South View, Pot Lights
KitchenLower16.86' x 21.98'Combined W/Rec, Vinyl Floor, W/O To Patio
4th BrLower14.76' x 26.41'Broadloom, Window
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
578 Spadina Ave 5 is a 4-bedroom 4-bathroom townhome listed for sale at $2,499,800, which is $1,609,000 (180.6%) higher than the average sold price of $890,800 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom townhome in Downtown Toronto declined by $133,269 (13.0%) compared to the previous 30 day period (September 21 - October 20) and down $223,928 (20.1%) from the same time one year ago.
Inventory Change
There were 56 4-bedroom townhomes listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 26.3% compared with the previous 30 day period (September 21 - October 20) and up 60.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom townhomes in Downtown Toronto typically sold $2,093 (0.2%) above asking price over the last 30 days (October 21 - November 19), which represents a $18,941 decrease compared to the previous 30 day period (September 21 - October 20) and $11,956 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 (October 21 - November 19) stood at 42.9%, up from 34.2% over the previous 30 days (September 21 - October 20) and down from 51.4% 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 21 days when successfully sold over the last 30 days (October 21 - November 19), compared to 48 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Ultimate Realty Inc.
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