637 Lake Shore Blvd W 101
Niagara, Downtown Toronto, M5V 3J6
FOR SALE
$1,275,000
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BEDROOMS2
BATHROOMS1
KITCHENS5
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Property Description
Unparalleled opportunity awaits! Welcome to the iconic Tip Top Lofts, a beloved art deco Toronto landmark. This is a rarely available and highly desired two bedroom, two bath in original open loft arrangement. The possibilities obtainable with design creativity and a personal touch in this bright and airy space are endless. Functional layout allows for large rooms, perfect for entertaining and comfortable living. Soaring ceilings unique to this ground floor unit create a standing room loft space above both bathrooms that can be used for additional, multi-purpose living space depending on individual needs: home office, play space, reading or piano nook. Southwest exposure bestows bright natural light throughout, and tranquility permeates each room due to lake and park views. The result is enchanting. Elevated windows and mature trees provide absolute privacy on this ground floor unit. One owned parking spot near the elevator wired for EV charging, plus one spacious locker. Incredible building amenities include 24 hour concierge, gym, party and meeting rooms as well as a resort-like rooftop patio with BBQs, fire pit tables, and various seating areas. Step outside the front door for direct access to the lake, parks (including dog park), Martin Goodman Trail, TTC and harbourfront. Photos are from previous listing.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-23 | 2024-08-05 | 74 | $1,299,000 | - | Terminated |
| 2024-02-06 | 2024-05-22 | 106 | $1,389,000 | - | Terminated |
| 2023-12-28 | 2024-02-05 | 39 | $1,475,000 | - | Terminated |
| 2019-09-04 | 2019-09-23 | 19 | $999,000 | $973,000 | Sold |
| 2019-07-18 | 2019-08-01 | 14 | $1,099,000 | - | Terminated |
| 2019-06-05 | 2019-07-17 | 42 | $1,150,000 | - | Terminated |
Extras
The building's grand entrance with fountain welcomes you into this iconic masterpiece. Located on the lake with immediate access to the Martin Goodman Trail, parks, marinas and steps to harbourfront, shopping, grocery and public transit.
Nearby Intersections
Bathurst & Lakeshore (230)
Property Features
Electric Car Charger, Lake/Pond, Marina, Park, Public Transit, Waterfront
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$4,213 (2024)
Basement
None
Exterior
Concrete
Heat Type
Heat Pump
Heat Source
Electric
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (B)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 12.80' x 22.18' | Combined W/Dining, Large Window, O/Looks Park |
| Dining | Flat | 12.80' x 22.18' | Combined W/Living, West View, Large Window |
| Kitchen | Flat | 8.53' x 16.90' | Open Concept, Stainless Steel Appl, Granite Counter |
| Prim Bdrm | Flat | 11.09' x 15.09' | Sw View, W/I Closet, 4 Pc Ensuite |
| 2nd Br | Flat | 11.19' x 11.58' | South View, Large Window, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
637 Lake Shore Blvd W 101 is a 2-bedroom 2-bathroom condo listed for sale at $1,275,000, which is $536,248 (72.6%) higher than the average sold price of $738,752 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $17,317 (2.3%) compared to the previous 30 day period (November 18 - December 17) and down $22,193 (2.9%) from the same time one year ago.Inventory Change
There were 743 2-bedroom condos listed in Downtown Toronto over the last 30 days (December 18 - January 16), which is down 9.7% compared with the previous 30 day period (November 18 - December 17) and up 40.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($21,527) (2.9%) below asking price over the last 30 days (December 18 - January 16), which represents a $3,923 decrease compared to the previous 30 day period (November 18 - December 17) and ($22,364) 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 2-bedroom condos in Downtown Toronto over the last 30 days (December 18 - January 16) stood at 39.3%, down from 60.3% over the previous 30 days (November 18 - December 17) and down from 51.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 42 days when successfully sold over the last 30 days (December 18 - January 16), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Bayview Realty Inc.
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