86 Gerrard St E 4D
Church-Yonge Corridor, Downtown Toronto, M5B 2J1
FOR SALE
$850,000
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Property Description
Envision The Possibilities on Gerrard St E! Situated In Toronto's Vibrant Core, Discover This Expansive 2-Storey Corner Suite Ready For Your Personal Touch. Perfectly Positioned, It Is Bathed In Natural Light Through Its Floor-To-Ceiling Windows And Unobstructed Surroundings. For Those Who Cherish Outdoor Living, This Suite Delivers A Generously Sized Balcony And A Rarely Offered Solarium. The Roomy Main Floor Living Area Is Ideal For Entertaining, With Bedrooms & Laundry Conveniently Separated On The Second Level. Utilize The Private Extra Storage Locker Just Outside Your Door On The 5th Floor, Along With 1 Owned Parking Space For Those Occasional Getaways Outside The City. Looking For Exclusivity? Gerrard Place Is A Well-Maintained Boutique Building With Just 56 Units, Boasting A Fantastic Community. Building Amenities Include A Rooftop Deck With BBQ And Amazing Views, Lounge & Party Room As Well As Visitor Parking. This Prime Downtown Location Puts You Steps From Transit, Toronto Metropolitan University, A Short Distance From The Main Hospitals, And A Stroll Away From Yonge-Dundas Square And The Eaton Centre. Offering Unparalleled Convenience With Restaurants, Stores, Bars, And Cafes All Within Close Reach. Despite Its Central Location, The Condo Remains A Quiet Oasis, Offering The Perfect Balance Of City Living And Tranquility. Seize The Chance To Transform This Hidden Gem Into Your Dream Downtown Retreat.
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Extras
The Upstairs Floor Plan Was Originally A 3-Bedroom Unit And Can Be Easily Restored If You Choose. *Please Note, Some Photos Have Been Virtually Renovated To Illustrate The Space's Potential.*
Nearby Intersections
Property Features
Clear View, Hospital, Library, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1400-1599
Taxes
$4,385 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Wall Unit
Parking 1
Owned (A)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 8.96' x 8.89' | Tile Floor, Pass Through, B/I Dishwasher |
| Living | Main | 15.16' x 18.01' | Window Flr to Ceil, Combined W/Dining, W/O To Sunroom |
| Dining | Main | 15.16' x 18.01' | Combined W/Living, Window Flr to Ceil, Pass Through |
| Solarium | Main | 9.19' x 6.63' | Window Flr to Ceil, W/O To Balcony, Skylight |
| Prim Bdrm | 2nd | 29.66' x 12.14' | 3 Pc Ensuite, Closet, Window Flr to Ceil |
| 2nd Br | 2nd | 15.06' x 19.69' | Double Closet, Window Flr to Ceil, South View |
| Bathroom | 2nd | 8.07' x 4.86' | 3 Pc Bath |
| 2nd Br | 2nd | 7.48' x 4.89' | 3 Pc Ensuite |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
86 Gerrard St E 4D is a 2-bedroom 2-bathroom condo listed for sale at $850,000, which is $79,961 (10.4%) higher than the average sold price of $770,039 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $17,913 (2.3%) compared to the previous 30 day period (July 17 - August 15) and down $13,617 (1.7%) from the same time one year ago.Inventory Change
There were 1,378 2-bedroom condos listed in Downtown Toronto over the last 30 days (August 16 - September 14), which is up 20.9% compared with the previous 30 day period (July 17 - August 15) and up 0.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($16,377) (2.1%) below asking price over the last 30 days (August 16 - September 14), which represents a $4,729 increase compared to the previous 30 day period (July 17 - August 15) and ($11,745) 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 (August 16 - September 14) stood at 30.8%, down from 41.8% over the previous 30 days (July 17 - August 15) and down from 33.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (August 16 - September 14), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Sage Real Estate Limited
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