1040 The Queensway Ave 516

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1040 The Queensway Ave 516, Etobicoke
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1 + 1
BEDROOMS
1
BATHROOMS
1
KITCHENS
5
ROOMS
W4290733
MLSID
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Property Description
Welcome To Unit 516 At 1040 The Queensway! This Stunning 1+1 Bed, 1 Bath Condo Has Been Immaculately Updated Throughout! Sun-Filled & South Facing, This Condo Has Views Of Toronto's Downtown Skyline & Boasts An Open Concept Layout, A Massive 95Sf Balcony W/ Rare European Shutters ($8,000 Upgrade), Two Walk-Outs, Ss Appliances & Much More! This Was Truly Worth The Wait! Amenities Include Gym, Security Guard, Party Room, Visitor Parking & More!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2019-11-26 2019-12-02 6 $438,888 $508,000 Sold
Extras
Steps To Restaurants, Entertainment, Transit, Gardiner Expressway, Downtown & More! Maintenance Incl Heat, Water, Cac, Common Elements & Parking! Incl. Ss Fridge, Stove, Dishwasher, B/I Microwave, Washer, Dryer, Curtain Rods, All Elfs.
Property Features
Clear View, Hospital, Park, Public Transit, School
Property Details
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$1,748 (2018)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned
Garage Type
Undergrnd
Room Summary
RoomLevelSizeFeatures
KitchenMain9.51' x 14.76'Granite Counter, Slate Flooring, Stainless Steel Appl
DiningMain6.17' x 9.91'Laminate, Open Concept
LivingMain13.32' x 18.93'Laminate, W/O To Balcony
MasterMain8.60' x 8.99'Broadloom, Closet
BathroomMain4.99' x 7.41'4 Pc Bath, Tile Floor
Etobicoke Market Statistics
Etobicoke Price Trend
1040 The Queensway Ave 516 is a 1-bedroom 1-bathroom condo listed for sale at $419,900, which is $180,793 (30.1%) lower than the average sold price of $600,693 in the last 30 days (February 27 - March 27). During the last 30 days the average sold price for a 1 bedroom condo in Etobicoke increased by $3,634 (0.6%) compared to the previous 30 day period (January 28 - February 26) and down $14,192 (2.3%) from the same time one year ago.
Inventory Change
There were 1,396 1-bedroom condos listed in Etobicoke over the last 30 days (February 27 - March 27), which is up 25.0% compared with the previous 30 day period (January 28 - February 26) and up 29.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Etobicoke typically sold ($10,941) (1.8%) below asking price over the last 30 days (February 27 - March 27), which represents a $973 decrease compared to the previous 30 day period (January 28 - February 26) and ($8,010) 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 Etobicoke over the last 30 days (February 27 - March 27) stood at 45.7%, down from 48.2% over the previous 30 days (January 28 - February 26) and down from 64.9% 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 Etobicoke stood at 26 days when successfully sold over the last 30 days (February 27 - March 27), compared to 46 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sutton Group-Heritage Realty Inc., Brokerage
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