101 Peter St S 3608
Waterfront Communities C1, Downtown Toronto, M5V 0G6
FOR SALE
$628,000
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Property Description
Amazing Short Term Rental Income Potential, or Rent it and Forget it for up to $4,000 a month (to a short term rental company). Introducing a Luxury Condo with South Exposure In The Core Of The Entertainment & Fashion District! A Beautifully Laid Out One Bedroom unit with a 125 Sq ft Walk-Out Balcony with Amazing Downtown City Views, Lake Ontario Views, and Partial CN Tower Views! 9' Smooth Ceilings, Hardwood Floors Throughout, Pot Lights In the Primary Bedroom. Open Concept Kitchen, Centre Island, European Style Built-In Kitchen Appliances, Front Loading Washer & Dryer. 24 Hr Concierge, Fully Equipped Exercise Room, Party Room & More!
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Extras
Amazing Investment Opportunity - Short Term Rent it Yourself for $$$ Monthly! Unit has also had Lease Offers of up to $4,000 a month to short-term rent!
Nearby Intersections
King & Spadina (241)
Peter & Adelaide (111)
Richmond & Peter (76)
John & Richmond (70)
King & Peter (153)
King & John (265)
Queen & Spadina (156)
Property Features
Hospital, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,412 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Flat | 16.17' x 11.09' | Hardwood Floor, Window Flr to Ceil, W/O To Balcony |
Dining | Flat | 16.17' x 11.09' | Combined W/Living, Hardwood Floor, Window Flr to Ceil |
Kitchen | Flat | 16.17' x 11.09' | B/I Appliances, Centre Island, Hardwood Floor |
Prim Bdrm | Flat | 9.51' x 9.84' | Pot Lights, South View, Closet Organizers |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
101 Peter St S 3608 is a 1-bedroom 1-bathroom condo listed for sale at $628,000, which is $58,617 (10.3%) higher than the average sold price of $569,383 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $96 (0.0%) compared to the previous 30 day period (September 24 - October 23) and down $20,298 (3.4%) from the same time one year ago.Inventory Change
There were 1,158 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 24 - November 22), which is down 11.4% compared with the previous 30 day period (September 24 - October 23) and down 6.2% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,925) (1.7%) below asking price over the last 30 days (October 24 - November 22), which represents a $2,659 increase compared to the previous 30 day period (September 24 - October 23) and ($13,687) 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 (October 24 - November 22) stood at 50.5%, up from 43.6% over the previous 30 days (September 24 - October 23) and up from 36.2% 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 32 days when successfully sold over the last 30 days (October 24 - November 22), compared to 66 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Team Realty Inc.
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