55 Ontario St 1402
Moss Park, Downtown Toronto, M5A 0T8
FOR SALE
$499,999
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BEDROOMS1
BATHROOMS1
KITCHENS4
ROOMSC11968644
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Property Description
Welcome to East 55, where modern living meets urban sophistication in this bright 1-bedroom,1-bathroom unit in the Lower East Side. The open-concept layout boasts floor-to-ceiling windows, filling the space with natural light and offering breathtaking city views. The spacious primary bedroom features a large closet, providing ample storage. Gleaming hardwood floors flow throughout, adding warmth and elegance. Step outside onto the expansive full-length balcony, complete with a gas line for a BBQ an ideal spot for relaxing or entertaining while taking in the stunning cityscape. Enjoy unparalleled access to dining, shopping, parks, and entertainment, with a walk and bike score of 99 and a perfect transit score of 100. Conveniently located near the DVP and Gardiner, this is a rare opportunity to experience stylish, contemporary living at East 55.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-02-08 | 2022-03-05 | 27 | $1,950 | $1,950 | Leased |
| 2021-02-10 | 2021-03-03 | 21 | $1,650 | $1,650 | Leased |
| 2020-12-07 | 2021-02-07 | 62 | $1,800 | - | Expired |
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Property Details
Street
Community
City
Property Type
Co-Op Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,139 (2024)
Basement
None
Exterior
Concrete
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Dining | Main | 21.29' x 10.01' | Combined W/Kitchen, Hardwood Floor, W/O To Balcony |
| Living | Main | 21.29' x 10.01' | Combined W/Dining, Hardwood Floor, W/O To Balcony |
| Prim Bdrm | Main | 10.79' x 8.99' | W/I Closet, Hardwood Floor |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Ontario St 1402 is a 1-bedroom 1-bathroom condo listed for sale at $499,999, which is $57,111 (10.3%) lower than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) 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 (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% 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 (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Insider Condos Inc.
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