1980 Imperial Way 501

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1980 Imperial Way 501, Burlington
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2 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
8
ROOMS
W3734418
MLSID
Contact Us
Property Description
Great Investment Opportunity!!! New Owner Must Assume Lease!! Tenants 2 Yr. Lease End January 31/19. Spacious 2 Bed + Den, 1282 St "Courtland" Model In "Green Building", Parking. Lockers, Ss Fridge, Stove, B/1 Dishwasher, Otr Microwave, White Washer/Dryer, Ensuite Bath + Wic In Master, Den Or 3rd Br Or Dining Room, Granite Counter U/G Cabinetry, Sinks & Faucets, Window Coverings, Geo Thermal Heating/Cooling System -80 Solar Panel On Roof, Tenant Pay H
Listing History
List Date End Date Days Listed List Price Sold Price Status
2019-05-01 2019-05-29 28 $574,400 $560,000 Sold
2019-02-08 2019-04-29 80 $574,900 - Terminated
2018-12-01 2019-01-30 60 $579,900 - Terminated
Extras
Beautiful Views Of The Escarpment And Sunsets Every Day, Load Of Ships, Restaurants, Tansley Woods Community Centre, Millcroft Shopping Centre Across The Street, Bronte Creek Provincial Park, Walking Trails, Close To #407 & Qew
Property Features
Grnbelt/Conserv, Hospital, Level, Park, Place Of Worship, Public Transit
Property Details
Community
Property Type
Comm Element Condo, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$3,083 (2017)
Basement
None
Exterior
Brick, Stone
Heat Included
Yes
Heat Type
Radiant
Heat Source
Solar
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned
Garage Type
Undergrnd
Room Summary
RoomLevelSizeFeatures
KitchenFlat8.50' x 10.99'Double Sink
DiningFlat11.25' x 21.26'Hardwood Floor
LivingFlat11.25' x 21.26'Hardwood Floor
DenFlat9.25' x 12.50'French Doors
BrFlat9.25' x 12.40'Broadloom
MasterFlat11.25' x 17.59'Broadloom
Burlington Market Statistics
Burlington Price Trend
1980 Imperial Way 501 is a 2-bedroom 2-bathroom condo listed for sale at $499,900, which is $164,075 (24.7%) lower than the average sold price of $663,975 in the last 30 days (March 26 - April 24). During the last 30 days the average sold price for a 2 bedroom condo in Burlington declined by $51,103 (7.1%) compared to the previous 30 day period (February 25 - March 25) and down $10,131 (1.5%) from the same time one year ago.
Inventory Change
There were 78 2-bedroom condos listed in Burlington over the last 30 days (March 26 - April 24), which is up 81.4% compared with the previous 30 day period (February 25 - March 25) and up 66.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Burlington typically sold ($7,482) (1.1%) below asking price over the last 30 days (March 26 - April 24), which represents a $2,014 increase compared to the previous 30 day period (February 25 - March 25) and ($7,009) 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 Burlington over the last 30 days (March 26 - April 24) stood at 52.6%, down from 74.4% over the previous 30 days (February 25 - March 25) and down from 68.1% 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 Burlington stood at 21 days when successfully sold over the last 30 days (March 26 - April 24), compared to 53 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Real Estate Services Ltd., Brokerage
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