555 Yonge St 406
Church-Yonge Corridor, Downtown Toronto, M4Y 3A6
FOR SALE
$480,000
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Property Description
This spacious 593 sq. ft one-bedroom apartment in downtown Toronto offers an exceptional living experience, with generous room sizes that set it apart from other one-bedroom units in the area. The oversized bedroom can easily accommodate two queen-size beds, along with additional furniture, making it perfect for those who need extra space or plan to share with a roommate. The living room is equally expansive, offering a comfortable space for relaxing or entertaining.The apartment benefits from a desirable south-facing exposure, providing natural light and picturesque views of the downtown skyline. Its location places you within walking distance to key Toronto landmarks such as Yonge Street, Yorkville, Bloor Street, Wellesley Station, and the University of Toronto. Whether you're a professional working downtown or a student at one of the nearby universities, this apartment offers an ideal base for urban living.Convenience is key heresteps away from public transit, including Wellesley Station, you have easy access to all the city's amenities. The bustling Eaton Centre is just a short walk away, and you're also close to major shopping districts, including the high-end boutiques of Yorkville. With top-tier hospitals, such as the University Health Network, close by, as well as numerous dining, shopping, and entertainment options along Yonge Street and beyond, this apartment is well-connected to everything that makes downtown Toronto one of the most dynamic places to live.Whether you're looking for a quiet home base or a place to experience all the excitement that the city has to offer, this apartment provides both comfort and convenience. The proximity to cultural landmarks like the Royal Ontario Museum, world-class theaters, and lively nightlife means you'll always have something to do. Plus, the regular festivals and events throughout the year foster a vibrant sense of community.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-17 | 2024-09-03 | 48 | $2,300 | - | Terminated |
| 2024-07-17 | 2024-09-03 | 48 | $499,999 | - | Terminated |
| 2023-07-13 | 2023-08-10 | 28 | $2,500 | $2,650 | Leased |
Nearby Intersections
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,003 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 9.97' x 17.78' | Combined W/Dining, Hardwood Floor, Window |
| Dining | Flat | 9.97' x 17.78' | Combined W/Living, Hardwood Floor |
| Kitchen | Flat | 12.76' x 10.10' | Breakfast Bar, Ceramic Floor |
| Br | Flat | 9.71' x 16.11' | Broadloom, Double Closet, Window |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
555 Yonge St 406 is a 1-bedroom 1-bathroom condo listed for sale at $480,000, which is $91,075 (15.9%) lower than the average sold price of $571,075 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $66 (0.0%) compared to the previous 30 day period (September 22 - October 21) and down $18,087 (3.1%) from the same time one year ago.Inventory Change
There were 1,248 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 22 - November 20), which is up 1.1% compared with the previous 30 day period (September 22 - October 21) and up 2.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($11,084) (1.9%) below asking price over the last 30 days (October 22 - November 20), which represents a $690 increase compared to the previous 30 day period (September 22 - October 21) and ($13,305) 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 22 - November 20) stood at 50.1%, up from 42.6% over the previous 30 days (September 22 - October 21) and up from 34.2% 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 22 - November 20), compared to 66 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group-Associates Realty Inc.
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