8 Cumberland St 701
Annex, Downtown Toronto, M4W 0B6
FOR SALE
$665,000
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Property Description
Welcome to 8 Cumberland in Yorkville, a luxurious condominium situated at the coveted intersection of Cumberland & Yonge, Toronto's most sought-after location. With a perfect walk and transit score, this stunning building places you just steps away from the city's exclusive shops, the best restaurants, and vibrant culture. This 1 bedroom, 1 bathroom unit boasts 10 ft smooth ceilings and white oak laminate flooring throughout. The sleek and modern kitchen features an integrated fridge/freezer and dishwasher, a built-in microwave, beautiful quartz stone countertops, matte wood cabinets, and satin ceramic tile backsplash. Thoughtful upgrades include custom California Closets installed in both the bedroom and foyer, custom roller shades in the living room and bedroom, glass shower door in the bathroom. The bathroom has designer finishes including chrome fixtures, ceramic tiles, and a quartz vanity countertop. Perfectly efficient square floor plan with floor to ceiling windows allow for great furniture layouts and lots of light. **EXTRAS** Fantastic building amenities include a state-of-the-art fitness centre, a stylish party room, and a serene outdoor garden with BBQ area, concierge, and more.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-18 | 2023-11-11 | 24 | $2,750 | $2,750 | Leased |
Nearby Intersections
Property Features
Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
0-499
Taxes
$2,954 (2024)
Basement
None
Exterior
Concrete, Other
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
8 Cumberland St 701 is a 1-bedroom 1-bathroom condo listed for sale at $665,000, which is $107,890 (19.4%) higher than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) 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 (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% 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 (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Realty One Group Flagship
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