8 Cumberland St 1706
Annex, Downtown Toronto, M4W 1J5
FOR SALE
$1,198,000
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Property Description
Welcome To This Rare 2 Bedroom Unit With Parking Overlooking Yonge and Bloor St. This Bright and Spacious Unit Features Include Top Of The Line S/S Appliances With Quarts Countertop. Bright Open-Concept Living Space With Modern Engineered Hardwood Floors Throughout. A Beautiful Brand New Building That Offers A State Of The Art Gym, Stylish Party Room and Outdoor Garden.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-28 | 2024-11-29 | 32 | $4,250 | - | Terminated |
| 2024-10-23 | 2024-11-29 | 37 | $1,245,000 | - | Terminated |
| 2024-08-19 | 2024-10-25 | 67 | $4,100 | - | Terminated |
| 2024-08-23 | 2024-10-08 | 46 | $1,295,000 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$5,422 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (P3)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 22.18' x 10.63' | Hardwood Floor, Open Concept, Window |
| Dining | Flat | 22.18' x 10.63' | Hardwood Floor, Open Concept, Pot Lights |
| Kitchen | Flat | 22.18' x 10.63' | Hardwood Floor, Open Concept, Pot Lights |
| Prim Bdrm | Flat | 9.09' x 10.93' | Hardwood Floor, W/I Closet, 3 Pc Ensuite |
| 2nd Br | Flat | 10.50' x 10.93' | Hardwood Floor, Window, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
8 Cumberland St 1706 is a 2-bedroom 2-bathroom condo listed for sale at $1,198,000, which is $466,315 (63.7%) higher than the average sold price of $731,685 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $22,246 (3.0%) compared to the previous 30 day period (November 19 - December 18) and down $30,320 (4.0%) from the same time one year ago.Inventory Change
There were 779 2-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is down 6.4% compared with the previous 30 day period (November 19 - December 18) and up 35.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($21,191) (2.9%) below asking price over the last 30 days (December 19 - January 17), which represents a $4,232 decrease compared to the previous 30 day period (November 19 - December 18) and ($20,965) 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 (December 19 - January 17) stood at 38.0%, down from 58.2% over the previous 30 days (November 19 - December 18) and down from 48.1% 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 40 days when successfully sold over the last 30 days (December 19 - January 17), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group-Admiral Realty Inc.
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