71 Simcoe St 705
University, Downtown Toronto, M5J 2S9
FOR SALE
$640,000
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Property Description
Wow! Huge Functional One Plus Den Layout In The Heart Of Downtown Toronto! Live Downtown Without Having To Compromise Valuable Space. Approx 840 Sq Ft Of Living Space And Priced At Only ~$785/Sf In Prime Location. This Will Not Last! Rarely Offered Unit In Well Maintained Building. Steps To St. Andrew Ttc, Financial District, Entertainment District, Shops, Restaurants, And So Much More!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-04-29 | 2023-05-02 | 4 | $2,500 | $2,600 | Leased |
| 2021-09-29 | 2022-02-10 | 134 | $2,250 | $2,250 | Leased |
Extras
Furnitures are negotiable!
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$2,890 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned (L4#18)
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
71 Simcoe St 705 is a 1-bedroom 1-bathroom condo listed for sale at $640,000, which is $74,016 (13.1%) higher than the average sold price of $565,984 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $13,085 (2.3%) compared to the previous 30 day period (July 17 - August 15) and down $49,802 (8.1%) from the same time one year ago.Inventory Change
There were 1,473 1-bedroom condos listed in Downtown Toronto over the last 30 days (August 16 - September 14), which is up 6.3% compared with the previous 30 day period (July 17 - August 15) and up 0.8% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,793) (1.7%) below asking price over the last 30 days (August 16 - September 14), which represents a $71 decrease compared to the previous 30 day period (July 17 - August 15) and ($6,422) 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 1-bedroom condos in Downtown Toronto over the last 30 days (August 16 - September 14) stood at 34.1%, down from 35.9% over the previous 30 days (July 17 - August 15) and down from 35.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 33 days when successfully sold over the last 30 days (August 16 - September 14), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty
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