86 Gerrard St E 12F
Church-Yonge Corridor, Downtown Toronto, M5B 2J1
FOR SALE
$499,000
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BEDROOMS1
BATHROOMS1
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Property Description
Looking for a spacious , bright, unique condo in the heart of Downtown Toronto? Look no further! This 2 bedroom, 2-STOREY unit checks all boxes. The open concept layout features hardwood flooring, floor to ceiling windows, in-suite laundry and ample storage. The updated kitchen boasts quartz countertops, large island with breakfast bar, stainless steel appliances, under cabinet lighting and tons of pantry storage. Upstairs you will find two spacious bedrooms, walk-in closet in primary bedroom and an updated bathroom with river rock shower tiling. Enjoy the unobstructed views of the stunning Toronto skyline from your large, private balcony, perfect for outdoor enjoyment. This boutique building offers exclusive community living, with just 56 units total. Opportunities like this do not come often! Steps to Toronto Metropolitan University, Yonge/Dundas Square & the Eaton Centre, TTC, restaurants, shops, hospitals and all the fabulous Toronto has to offer.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-10-13 | 2024-11-21 | 39 | $699,900 | - | Terminated |
Extras
Owned parking spot, storage locker, rooftop terrace with BBQ and visitor parking. New windows coming in 2025 and hallway renovations in 2026.
Nearby Intersections
Property Features
Arts Centre, Hospital, Library, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, 2-Storey
Approximate Sq.Ft.
1000-1199
Taxes
$3,440 (2024)
Basement
None
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Window Unit
Parking 1
Exclusive (LEVEL A UNIT 19)
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Dining | Main | 10.17' x 10.17' | B/I Fridge, Hardwood Floor, Combined W/Living |
Living | Main | 17.06' x 11.48' | Hardwood Floor, Window Flr to Ceil, South View |
Kitchen | Main | 6.56' x 12.47' | Quartz Counter, Centre Island, Stainless Steel Appl |
Foyer | Main | 6.23' x 7.87' | Closet, Hardwood Floor |
Br | 2nd | 8.53' x 16.40' | W/I Closet, Window Flr to Ceil, Hardwood Floor |
2nd Br | 2nd | 7.87' x 16.40' | Mirrored Closet, Window Flr to Ceil, Hardwood Floor |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
86 Gerrard St E 12F is a 2-bedroom 1-bathroom condo listed for sale at $499,000, which is $263,090 (34.5%) lower than the average sold price of $762,090 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $4,489 (0.6%) compared to the previous 30 day period (September 24 - October 23) and down $59,463 (7.2%) from the same time one year ago.Inventory Change
There were 1,098 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 24 - November 22), which is down 17.7% compared with the previous 30 day period (September 24 - October 23) and down 2.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($19,468) (2.6%) below asking price over the last 30 days (October 24 - November 22), which represents a $464 decrease compared to the previous 30 day period (September 24 - October 23) and ($20,368) 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 (October 24 - November 22) stood at 51.5%, up from 37.5% over the previous 30 days (September 24 - October 23) and up from 37.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (October 24 - November 22), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realtron Realty Inc.
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