502 King St E

FOR SALE
$1,399,900
502 King St E, Downtown Toronto
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
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502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
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502 King St E
502 King St E
502 King St E
502 King St E
502 King St E
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2
BEDROOMS
2
BATHROOMS
1
KITCHENS
5
ROOMS
C10417777
MLSID
Contact Us
Property Description
Rarely Offered Commercial Office/Residential Space On King St. East Between Sumach And River. Prime Location With Lots Of Foot Traffic. Future Development Site. Many New Projects Being Built In This Redeveloping Area. The Office Is Fully Updated From Top To Bottom. Amazing Live Work Space Or Great Investment Property. Very Bright With Great Layout And High Ceilings. Property Zoned Residential With Commercial Exception. See List Of Exceptions Attached. Great live/work option. Small Back Porch Off Rear Of Office With Access From Right Away From Ashby Place. Close to future Ontario south relief line subway stop, within walking distance.Currently Commercial space on all 3 floors
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-05-01 2024-05-27 26 $1,499,900 - Terminated
2024-02-26 2024-04-02 36 $1,699,900 - Terminated
2024-02-02 2024-02-26 24 $1,899,900 - Terminated
Extras
Fridge, Stove, Washer ,Dryer, Microwave, Dishwasher, Window Coverings, Light Fixtures, Furniture Negotiable
Property Details
Street
Community
Property Type
Att/Row/Townhouse, 3-Storey
Lot Size
12' x 42'
Fronting
North
Taxes
$9,200 (2024)
Basement
Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
None
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
502 King St E is a 2-bedroom 2-bathroom townhome listed for sale at $1,399,900, which is $559,809 (66.6%) higher than the average sold price of $840,091 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom townhome in Downtown Toronto declined by $64,949 (7.2%) compared to the previous 30 day period (September 21 - October 20) and down $59,780 (6.6%) from the same time one year ago.
Inventory Change
There were 144 2-bedroom townhomes listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 19.1% compared with the previous 30 day period (September 21 - October 20) and up 2.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom townhomes in Downtown Toronto typically sold ($2,556) (0.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $5,318 increase compared to the previous 30 day period (September 21 - October 20) and $3,508 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 townhomes in Downtown Toronto over the last 30 days (October 21 - November 19) stood at 46.5%, up from 29.2% over the previous 30 days (September 21 - October 20) and up from 29.1% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom townhome in Downtown Toronto stood at 27 days when successfully sold over the last 30 days (October 21 - November 19), compared to 57 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Urban Toronto Team Realty Inc.
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