87 Peter St 1712
Waterfront Communities C1, Downtown Toronto, M5V 0P1
FOR SALE
$589,000
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Property Description
87 Peter is a spectacular condominium that sets the standard for downtown living built by Menkes. It is in a prime location in the heart of Toronto's Entertainment district, steps from King, Spadina Streetcars and University Subway line. Close to the trendiest restaurants, Rogers, TIFF, David Pecaut Square, CN tower, groceries, banks, LCBO and public transits. 10 minutes walk to Financial District, Chinatown, Waterfront, Queen West and more. 87 Peter is well equipped to run its building and its amenities like the gym, sauna, yoga room, outdoor garden terrace, party room and pet spa with the high standards it was meant to be run. The unit, possessing floor to ceiling 9 feet windows and stylish rolling shades, allow for all the glorious Eastern exposure light to creep in through the neighbouring high-rise buildings through its large expansive windows, offering you a no-nonsense proper square bedroom with a big window. This open concept 1 bedroom unit features high-end finishes, plenty of natural light and brand new painting. 87 Peter boasts top-notch amenities providing you with the ultimate urban living experience.
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Extras
Modern kitchen with stone countertop. Built-In appliances including Fridge, Cooktop, oven, microwave, dishwasher and range. Stacked washer & dryer. All ELFs and existing window shades. (Brand new painting and roller shades in the bedroom.)
Nearby Intersections
King & Spadina (225)
Front & John (136)
Adelaide & John (81)
Peter & Adelaide (111)
Richmond & Peter (74)
King & Peter (144)
King & John (228)
Queen & Spadina (148)
Property Features
Arts Centre, Park, Public Transit, Waterfront
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,354 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
87 Peter St 1712 is a 1-bedroom 1-bathroom condo listed for sale at $589,000, which is $25,310 (4.5%) higher than the average sold price of $563,690 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $430 (0.1%) compared to the previous 30 day period (November 19 - December 18) and down $16,899 (2.9%) from the same time one year ago.Inventory Change
There were 894 1-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is down 1.4% compared with the previous 30 day period (November 19 - December 18) and up 39.5% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($13,252) (2.4%) below asking price over the last 30 days (December 19 - January 17), which represents a $1,023 decrease compared to the previous 30 day period (November 19 - December 18) and ($15,187) 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 (December 19 - January 17) stood at 38.0%, down from 53.5% over the previous 30 days (November 19 - December 18) and down from 54.6% 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 43 days when successfully sold over the last 30 days (December 19 - January 17), compared to 80 days before being removed from the market upon being suspended or terminated.Listing contracted with Realty Associates Inc.
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