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510 Queen St E, Downtown Toronto
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1
BEDROOMS
3
BATHROOMS
2
KITCHENS
4
ROOMS
C4123421
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Property Description
Amazing Opportunity For Investors! 2 Storey Commercial-Residential In The Heart Of Cabbage Town Steps Away From The Trendy Canary District. Ttc At Your Door Steps Minutes Away From Leslieville, Riverside And The Beaches, Shops, Restaurants And Everything Else Queen Street Has To Offer. 2 Parking Spots Off The Laneway. Floor Plans/Inspection Available Upon Request. Survey, Exclude: Any Items Belonging To Tenants...
Property Details
Street
Property Type
Semi-Detached, 2-Storey
Lot Size
15' x 100'
Fronting
South
Taxes
$4,617 (2017)
Basement
Finished, Full
Exterior
Brick Front
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Other
Water
Other
Driveway
Lane
Garage Type
Other
Room Summary
RoomLevelSizeFeatures
Living2nd11.84' x 14.44'Skylight, Broadloom
Master2nd11.15' x 13.19'W/W Closet, Broadloom
Kitchen2nd7.38' x 9.48'
DiningGround10.76' x 23.79'Walk-Out
KitchenGround9.22' x 14.70'
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
510 Queen St E is a 1-bedroom 3-bathroom home listed for sale at $998,000, which is $76,286 (8.3%) higher than the average sold price of $921,714 in the last 30 days (March 25 - April 23). During the last 30 days the average sold price for a 1 bedroom home in Downtown Toronto declined by $377,739 (29.1%) compared to the previous 30 day period (February 24 - March 24) and down $233,120 (20.2%) from the same time one year ago.
Inventory Change
There were 9 1-bedroom homes listed in Downtown Toronto over the last 30 days (March 25 - April 23), which is up 12.5% compared with the previous 30 day period (February 24 - March 24) and down 10.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom homes in Downtown Toronto typically sold $202,485 (22.0%) above asking price over the last 30 days (March 25 - April 23), which represents a $102,172 increase compared to the previous 30 day period (February 24 - March 24) and $79,375 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 homes in Downtown Toronto over the last 30 days (March 25 - April 23) stood at 77.8%, up from 62.5% over the previous 30 days (February 24 - March 24) and down from 90.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 3-bathroom home in Downtown Toronto stood at 7 days when successfully sold over the last 30 days (March 25 - April 23), compared to 15 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Francis Group Realty, Brokerage
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