8 Colborne St 2505
Church-Yonge Corridor, Downtown Toronto, M5E 1E1
FOR SALE
$429,000
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BEDROOMS1
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Property Description
Experience urban living at its finest in this stylish studio condo, perfectly situated in the heart of the Financial District. Enjoy view of the iconic CN Tower and the vibrant city skyline, especially dazzling at night. Convenience is key with King Subway Station just steps from the lobby, and Porter Airport only a quick 10-minute drive away. The condo features a well-equipped kitchen, a modern bathroom. Dont miss out on this exceptional opportunity to live in one of Toronto's most sought-after locations!
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Nearby Intersections
Yonge & Wellington (32)
Yonge & King (11)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
0-499
Taxes
$1,745 (2024)
Basement
None
Exterior
Brick Front
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Dining | Main | 10.99' x 8.01' | Combined W/Kitchen |
| Kitchen | Main | 6.00' x 6.00' | Combined W/Dining |
| Living | Main | 8.01' x 8.01' | Combined W/Master |
| Prim Bdrm | Main | 8.01' x 8.99' | Combined W/Living |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
8 Colborne St 2505 is a 0-bedroom 1-bathroom condo listed for sale at $429,000, which is $7,761 (1.8%) higher than the average sold price of $421,239 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 0 bedroom condo in Downtown Toronto increased by $1,656 (0.4%) compared to the previous 30 day period (July 20 - August 18) and down $33,428 (7.4%) from the same time one year ago.Inventory Change
There were 77 0-bedroom condos listed in Downtown Toronto over the last 30 days (August 19 - September 17), which is up 16.7% compared with the previous 30 day period (July 20 - August 18) and down 9.4% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom condos in Downtown Toronto typically sold ($2,308) (0.5%) below asking price over the last 30 days (August 19 - September 17), which represents a $13,904 increase compared to the previous 30 day period (July 20 - August 18) and ($8,042) 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 0-bedroom condos in Downtown Toronto over the last 30 days (August 19 - September 17) stood at 29.9%, down from 36.4% over the previous 30 days (July 20 - August 18) and down from 32.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 0-bedroom 1-bathroom condo in Downtown Toronto stood at 35 days when successfully sold over the last 30 days (August 19 - September 17), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Realty 21 Inc.
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