86 Gerrard St E 1B
Church-Yonge Corridor, Downtown Toronto, M5B 2J1
FOR SALE
$488,000
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BEDROOMS1
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Property Description
Experience unique loft living in the heart of downtown Toronto! This spacious 553 sq. ft. studio with den (ideal as a bedroom) features an open-concept layout enhanced by soaring 13' ceilings and floor-to-ceiling windows. Enjoy a large private terrace where BBQs are permitted perfect for entertaining. Stylish finishes include hardwood floors and granite countertops. Located directly across from Toronto Metropolitan University, and just steps from Yonge-Dundas Square, shopping, restaurants, and easy transit access, this is urban living at its finest!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2020-02-21 | 2020-03-03 | 11 | $499,000 | $570,000 | Sold |
Extras
All Existing S/S Appliances: Fridge, Stove, Dishwasher, B/I Microwave. Stacked Front Loading Washer/Dryer, Kitchen Under Cabinet Lighting, Ductless Wall AC Unit.
Nearby Intersections
Property Features
Arts Centre, Hospital, Library, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Loft
Approximate Sq.Ft.
500-599
Taxes
$2,160 (2024)
Basement
None
Exterior
Concrete
Heat Type
Other
Heat Source
Electric
Air Conditioning
Wall Unit
Parking 1
Rental
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 9.58' x 17.29' | Hardwood Floor, Combined W/Dining, Window Flr to Ceil |
| Dining | Flat | 5.91' x 16.80' | Hardwood Floor, Combined W/Kitchen, Window Flr to Ceil |
| Br | Flat | 7.15' x 7.41' | Hardwood Floor, Granite Counter |
| Kitchen | Flat | 7.61' x 16.83' | Ceramic Floor |
| Bathroom | Flat | 6.79' x 7.87' | Ceramic Floor, 4 Pc Bath |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
86 Gerrard St E 1B is a 0-bedroom 1-bathroom condo listed for sale at $488,000, which is $109,764 (29.0%) higher than the average sold price of $378,236 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 0 bedroom condo in Downtown Toronto declined by $22,091 (5.5%) compared to the previous 30 day period (November 19 - December 18) and down $54,974 (12.7%) from the same time one year ago.Inventory Change
There were 56 0-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is up 12.0% compared with the previous 30 day period (November 19 - December 18) and up 69.7% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom condos in Downtown Toronto typically sold ($10,643) (2.8%) below asking price over the last 30 days (December 19 - January 17), which represents a $1,505 increase compared to the previous 30 day period (November 19 - December 18) and ($16,026) 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 (December 19 - January 17) stood at 26.8%, down from 44.0% over the previous 30 days (November 19 - December 18) and down from 57.6% 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 37 days when successfully sold over the last 30 days (December 19 - January 17), compared to 94 days before being removed from the market upon being suspended or terminated.Listing contracted with Prompton Real Estate Services Corp.
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