280 Simcoe St Ph3
Kensington-Chinatown, Downtown Toronto, M5T 2Y5
FOR SALE
$1,349,900
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2 + 1
BEDROOMS2
BATHROOMS1
KITCHENS6
ROOMSC7376378
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Property Description
A Hidden Gem In The Heart Of Downtown Toronto! Penthouse 3 Features A Newly Renovated Kitchen, Washroom And Ensuite, With Bright West Facing Windows And Large Principal Rooms. Wood Burning Fire Place! Spacious Den With Glass Sliding Door For Potential Office Or 3rd Bedroom. Elevator At Your Door For Easy Access To The Numerous Building Amenities And Your Private Underground Parking Space. One Flight Of Stairs To The Rooftop Patio With Incredible Views Of The City! This Luxury Downtown Residence Is Very Well Maintained And Secure. Just Steps To Hospitals, Parks, U Of T, Art Gallery Of Ontario, And Subway Line. Unit is currently tenanted until April 30 2025 at $4,300/month.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-01-10 | 2023-12-31 | 355 | $1,349,900 | - | Expired |
| 2023-02-01 | 2023-04-03 | 60 | $4,200 | $4,300 | Leased |
Extras
Included: Existing S/S Fridge, Stove, D/W, M/W, Washer, Window Coverings, Light Fixtures. Heat, Hydro, Water & Bell Fibe / Internet In Mnt. Gas Furnace + A/C. Amenities Incl. Saltwater Pool, Sauna, Gym, Rooftop Patio W/ Bbq's, Visitor Prkg
Nearby Intersections
University & Dundas (47)
Property Features
Arts Centre, Hospital, Library, Park, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1400-1599
Taxes
$4,038 (2023)
Basement
None
Exterior
Brick Front
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Exclusive (P2)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 16.99' x 19.09' | Fireplace, West View |
| Dining | Flat | 10.99' x 14.99' | West View, Open Concept |
| Kitchen | Flat | 7.09' x 13.98' | Galley Kitchen, Pantry |
| Foyer | Flat | 8.99' x 11.98' | Tile Floor, Double Closet |
| Prim Bdrm | Flat | 11.98' x 17.98' | West View, Ensuite Bath, W/I Closet |
| 2nd Br | Flat | 9.19' x 15.98' | West View, Double Closet |
| Den | Flat | 7.55' x 9.51' | Sliding Doors, Glass Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
280 Simcoe St Ph3 is a 2-bedroom 2-bathroom condo listed for sale at $1,349,900, which is $518,195 (62.3%) 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 Royal Lepage Estate Realty
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