280 Simcoe St 1503

FOR SALE
$1,190,000
280 Simcoe St 1503, Downtown Toronto
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2 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
7 + 1
ROOMS
C7343402
MLSID
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Property Description
* Luxurious "ONE PARK LANE" Condominium In The Heart Of Downtown Toronto * Approx. 1,385 Sq. Ft. * Very Functional Layout * 2 Large Bedroom, Sun Room & Grand Foyer * West Sun Exposure * Great City View * Bright & Spacious * 24 Hr Concierge * Full Recreation Facilities * Close To All Amenities, Restaurants, Shopping, Hospitals, U Of T & Chinatown * Steps To St. Patrick Subway Station * Condo Fee Includes Bell TV & Internet *
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-12-06 2024-04-20 136 $1,190,000 - Suspended
Extras
Fridge, Stove, B/I Dishwasher (As Is), Washer, Dryer (As is), All Existing Electric Lighting & Fixtures, All Existing Window Coverings, One Parking Spot. Separate Laundry/Storage Room In Kitchen.
Nearby Intersections
Property Features
Arts Centre, Hospital, Library, Public Transit, School
Property Details
Street
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$3,918 (2023)
Basement
None
Exterior
Brick, Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking 1
Exclusive (P1)
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingFlat12.01' x 16.99'Parquet Floor, W/O To Sunroom, Brick Fireplace
DiningFlat10.99' x 12.99'Parquet Floor, Separate Rm, Formal Rm
KitchenFlat7.84' x 10.01'Ceramic Floor, Double Sink, Custom Backsplash
BreakfastFlat7.84' x 8.01'Ceramic Floor, W/O To Sunroom, Glass Doors
SunroomFlat7.84' x 8.99'Parquet Floor, Glass Doors, Sliding Doors
Prim BdrmFlat12.01' x 25.03'Broadloom, 4 Pc Ensuite, W/I Closet
2nd BrFlat9.19' x 14.01'Broadloom, Window, Closet
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
280 Simcoe St 1503 is a 2-bedroom 2-bathroom condo listed for sale at $1,190,000, which is $358,295 (43.1%) higher than the average sold price of $831,705 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $33,007 (4.1%) compared to the previous 30 day period (March 15 - April 13) and up $1,143 (0.1%) from the same time one year ago.
Inventory Change
There were 1,810 2-bedroom condos listed in Downtown Toronto over the last 30 days (April 14 - May 13), which is up 69.5% compared with the previous 30 day period (March 15 - April 13) and up 53.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($13,848) (1.7%) below asking price over the last 30 days (April 14 - May 13), which represents a $4,233 decrease compared to the previous 30 day period (March 15 - April 13) and ($5,131) 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 (April 14 - May 13) stood at 33.1%, down from 63.4% over the previous 30 days (March 15 - April 13) and down from 65.6% 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 25 days when successfully sold over the last 30 days (April 14 - May 13), compared to 47 days before being removed from the market upon being suspended or terminated.
Listing contracted with Tradeworld Realty Inc
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