89 Mcgill St 706
Church-Yonge Corridor, Downtown Toronto, M5B 0B1
FOR SALE
$539,000
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Property Description
Luxury Tridel Condo Available for Sale in the centre of downtown Toronto. This is a perfect opportunity for first-time homebuyers or investors looking to enter the market. Enjoy the amazing luxury amenities and fabulous features of this building. This Condo features a luxury kitchen with contemporary style cabinetry, single square edge granite or engineered quartz countertop, built-in stainless steel appliances, ceramic backsplash, premium plank laminate flooring, etc. Located in the heart of Toronto, this building is conveniently close to Ryerson University, parks, library and public transit. It is an ideal location for young professionals/students. Internet is included in the Maintenance Fee.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-28 | 2024-07-30 | 63 | $549,000 | - | Terminated |
| 2024-05-28 | 2024-07-30 | 63 | $549,000 | - | Suspended |
| 2021-12-17 | 2021-12-23 | 6 | $1,795 | $1,795 | Leased |
Extras
Maintenance fee includes Internet. Pictures virtually staged.
Nearby Intersections
Property Features
Hospital, Library, Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
0-499
Taxes
$1,619 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Flat | 9.09' x 8.99' | 3 Pc Ensuite, Sliding Doors, Laminate |
| Kitchen | Flat | 13.29' x 11.71' | Modern Kitchen, Open Concept, Stainless Steel Appl |
| Living | Flat | 13.29' x 11.71' | W/O To Balcony, Laminate, Combined W/Dining |
| Dining | Flat | 13.29' x 11.71' | Combined W/Living, W/O To Balcony, Laminate |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
89 Mcgill St 706 is a 1-bedroom 1-bathroom condo listed for sale at $539,000, which is $26,984 (4.8%) lower than the average sold price of $565,984 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $13,085 (2.3%) compared to the previous 30 day period (July 17 - August 15) and down $49,802 (8.1%) from the same time one year ago.Inventory Change
There were 1,473 1-bedroom condos listed in Downtown Toronto over the last 30 days (August 16 - September 14), which is up 6.3% compared with the previous 30 day period (July 17 - August 15) and up 0.8% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,793) (1.7%) below asking price over the last 30 days (August 16 - September 14), which represents a $71 decrease compared to the previous 30 day period (July 17 - August 15) and ($6,422) 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 1-bedroom condos in Downtown Toronto over the last 30 days (August 16 - September 14) stood at 34.1%, down from 35.9% over the previous 30 days (July 17 - August 15) and down from 35.6% 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 33 days when successfully sold over the last 30 days (August 16 - September 14), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Portfolio Realty
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