87 Peter St 701
Waterfront Communities C1, Downtown Toronto, M5V 0P1
FOR SALE
$625,000
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BEDROOMS1
BATHROOMS1
KITCHENS6
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Property Description
Welcome to the prestigious Noir Residences by Menkes, a world-renowned builder with over 70 years of excellence in the real estate industry, including the Four Seasons Hotel! This rare 1 Bedroom + 2 Den unit in the heart of the Entertainment District offers a functional layout with three separate rooms, each with a door. The two dens are ideal for family, guests, or even pets, providing flexibility and potential for additional rental income. The unit features high-quality, luxurious finishes, including a gourmet kitchen with integrated appliances, granite countertops, and laminate flooring throughout, ensuring a sleek and low-maintenance living space. This exceptional location offers unparalleled convenience, with the King St West TTC bus stop just steps away, as well as easy access to the P.A.T.H. and St. Andrew TTC subway station. Roy Thomson Hall, TIFF Bell Lightbox, Princess of Wales Theatre, the CN Tower, and Rogers Centre are all within walking distance. Top-ranked schools like U of T and OCAD University are nearby, as well as Mount Sinai Hospital and Toronto General Hospital. Grocery shopping is a breeze with City Market and No Frills just moments away. This unit combines luxury, comfort, and practicality, offering an incredible opportunity to live in one of Toronto's most vibrant and dynamic neighborhoods. You don't want to miss it!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-25 | 2025-01-03 | 39 | $2,380 | - | Terminated |
| 2024-10-16 | 2024-11-25 | 40 | $2,380 | - | Terminated |
| 2021-11-15 | 2021-12-03 | 18 | $2,100 | $2,100 | Leased |
| 2021-10-12 | 2021-11-15 | 34 | $2,150 | - | Terminated |
| 2019-08-26 | 2019-11-17 | 83 | $2,150 | $2,150 | Leased |
Extras
B/I Fridge, Stove, Dishwasher, Microwave, Washer & Dryer
Nearby Intersections
King & Spadina (225)
Front & John (136)
Adelaide & John (81)
Peter & Adelaide (111)
Richmond & Peter (74)
King & Peter (144)
King & John (228)
Queen & Spadina (148)
Property Features
Hospital, Library, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,382 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
87 Peter St 701 is a 1-bedroom 1-bathroom condo listed for sale at $625,000, which is $58,436 (10.3%) higher than the average sold price of $566,564 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $3,726 (0.7%) compared to the previous 30 day period (November 18 - December 17) and down $17,146 (2.9%) from the same time one year ago.Inventory Change
There were 857 1-bedroom condos listed in Downtown Toronto over the last 30 days (December 18 - January 16), which is down 4.7% compared with the previous 30 day period (November 18 - December 17) and up 43.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($13,272) (2.3%) below asking price over the last 30 days (December 18 - January 16), which represents a $449 decrease compared to the previous 30 day period (November 18 - December 17) and ($15,475) 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 1-bedroom condos in Downtown Toronto over the last 30 days (December 18 - January 16) stood at 40.5%, down from 54.1% over the previous 30 days (November 18 - December 17) and down from 57.2% 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 42 days when successfully sold over the last 30 days (December 18 - January 16), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Empowered Realty
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