8 Sultan St Ph 2
Bay Street Corridor, Downtown Toronto, M5S 1L7
FOR SALE
$4,595,000
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2 + 1
BEDROOMS3
BATHROOMS1
KITCHENS7
ROOMSC7356132
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Property Description
This luxurious penthouse showpiece is situated right in the heart of Toronto, steps from Bloor Street, Yorkville's finest designer shops & restaurants & the lush campus of the U of T. A glamorous penthouse, it features unrivalled & elegant entertaining space with soaring ceiling heights & stunning Palladian windows, dazzling, grandly scaled principal rooms, a spacious Chef's Kitchen overlooking separate Family Room, impressive Primary Suite & separate Br 2 / Guest Suite with adjacent skylit Den & walk-out to an extravagant roof-top Terrace. Natural light freely cascades through a wealth of windows enveloping all in style & glamour. Amazing outdoor space encompasses the 47' long Balcony with three pairs of French doors from the principal rooms, a private Terrace from the Family Room and Primary Suite as well as a 370 square foot roof Terrace ideal for a relaxing respite or a ringside glimpse of exciting Bloor Street parades!
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Extras
A rare two-storey with fireplace, this is virtually a home in the most sparkling and dynamic location imaginable, where a dream lifestyle of extraordinary and complete discretion opposite the celebrated Windsor Arms is paramount.
Nearby Intersections
Property Features
Arts Centre, Library, Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Condo Apt, 2-Storey
Approximate Sq.Ft.
2750-2999
Taxes
$17,316 (2023)
Basement
None
Exterior
Brick, Stone
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
2
Parking 1
Owned (A/10)
Parking 2
Owned (A/10)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 8.14' x 14.99' | Led Lighting, Double Closet, 2 Pc Bath |
| Living | Main | 17.45' x 28.18' | Fireplace, W/O To Balcony, Stone Floor |
| Dining | Main | 15.32' x 21.00' | Combined W/Great Rm, Stone Floor, W/O To Balcony |
| Family | Main | 15.58' x 16.11' | Led Lighting, W/O To Balcony, Stone Floor |
| Kitchen | Main | 11.65' x 20.11' | B/I Appliances, Centre Island, Marble Counter |
| Prim Bdrm | Main | 16.93' x 22.01' | W/O To Balcony, W/I Closet, 6 Pc Ensuite |
| 2nd Br | 2nd | 14.47' x 14.76' | W/I Closet, Window Flr To Ceil, 4 Pc Ensuite |
| Den | 2nd | 11.84' x 14.11' | Skylight, Hardwood Floor, W/O To Terrace |
| Laundry | Main | 5.09' x 5.58' | B/I Shelves, B/I Appliances, Stone Floor |
| Other | Main | 6.17' x 9.45' | Balcony, Concrete Floor, North View |
| Other | Main | 3.74' x 47.93' | Balcony, Concrete Floor, West View |
| Other | 2nd | 14.44' x 26.08' | W/O To Terrace, South View, East West View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
8 Sultan St Ph 2 is a 2-bedroom 3-bathroom condo listed for sale at $4,595,000, which is $3,789,931 (470.8%) higher than the average sold price of $805,069 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $17,602 (2.2%) compared to the previous 30 day period (February 27 - March 27) and down $6,893 (0.8%) from the same time one year ago.Inventory Change
There were 1,547 2-bedroom condos listed in Downtown Toronto over the last 30 days (March 28 - April 26), which is up 25.6% compared with the previous 30 day period (February 27 - March 27) and up 40.5% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($10,806) (1.3%) below asking price over the last 30 days (March 28 - April 26), which represents a $1,639 increase compared to the previous 30 day period (February 27 - March 27) and ($6,331) 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 2-bedroom condos in Downtown Toronto over the last 30 days (March 28 - April 26) stood at 45.4%, down from 48.1% over the previous 30 days (February 27 - March 27) and down from 66.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom condo in Downtown Toronto stood at 25 days when successfully sold over the last 30 days (March 28 - April 26), compared to 54 days before being removed from the market upon being suspended or terminated.Listing contracted with Chestnut Park Real Estate Limited
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