89 McGill St 1306
Church-Yonge Corridor, Downtown Toronto, M5B 0B1
FOR SALE
$499,000
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Property Description
***Location, Location, Location*** Luxury Tridel condo, walking distance to Toronto Metro University (TMU) and TTC. Bright, spacious with floor to ceiling windows, 9ft ceiling, unobstructed sunny east view, open concept, modern kitchen with quartz kitchen countertops & built-in appliances. Great amenities with 24 hours concierge, bike storage room, pool, sauna and gym. Perfect opportunity for 1st time buyer, rate is coming down.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-03-25 | 2022-03-29 | 4 | $1,800 | $1,850 | Leased |
| 2021-03-05 | 2021-03-13 | 8 | $1,500 | $1,500 | Leased |
Property Features
Hospital, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
0-499
Taxes
$1,803 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Flat | 6.79' x 14.01' | Laminate, Quartz Counter, Stainless Steel Appl |
| Dining | Flat | 6.79' x 11.58' | Laminate, Combined W/Living, East View |
| Living | Flat | 6.79' x 11.58' | Laminate, Combined W/Dining, W/O To Balcony |
| Prim Bdrm | Flat | 9.09' x 8.99' | Laminate, 3 Pc Ensuite |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
89 McGill St 1306 is a 1-bedroom 1-bathroom condo listed for sale at $499,000, which is $72,075 (12.6%) 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 Norman Hill Realty Inc.
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