578 Spadina Ave 5
University, Downtown Toronto, M5S 2H2
FOR SALE
$2,699,000
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4
BEDROOMS4
BATHROOMS1 + 1
KITCHENS11
ROOMSC9416598
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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!
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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
College & Spadina (13)
Property Features
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
Radiant
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 $2,699,000, which is $1,754,752 (185.8%) higher than the average sold price of $944,248 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 4 bedroom townhome in Downtown Toronto declined by $157,368 (14.3%) compared to the previous 30 day period (September 1 - September 30) and down $114,332 (10.8%) from the same time one year ago.Inventory Change
There were 78 4-bedroom townhomes listed in Downtown Toronto over the last 30 days (October 1 - October 30), which is down 8.2% compared with the previous 30 day period (September 1 - September 30) and up 122.9% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom townhomes in Downtown Toronto typically sold $12,816 (1.4%) above asking price over the last 30 days (October 1 - October 30), which represents a $21,992 decrease compared to the previous 30 day period (September 1 - September 30) and $13,996 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 1 - October 30) stood at 32.1%, up from 28.2% over the previous 30 days (September 1 - September 30) and down from 54.3% 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 20 days when successfully sold over the last 30 days (October 1 - October 30), compared to 50 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Ultimate Realty Inc.
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