55 Wellesley St E 503

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55 Wellesley St E 503, Downtown Toronto
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2 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
5
ROOMS
C3252251
MLSID
Contact Us
Property Description
If You Haven't Found Your Summer Project Yet, Here Is An Easy One. Renovate Quickly And Sell For A Profit. Very Large (1306Sqft) Apartment. Great Layout With 2 Bedrooms On Opposite Ends. Lots Of Possibilities Here - Just Bring Your Ideas. Comes With 2 Parking. Fresh Paint & New Carpets Installed. Central Toronto Location - Steps To Subway, Church St, Yonge St, Queen's Park, University Of Toronto, And Toronto General Hospital.
Extras
Fridge, Stove, Dishwasher, All Fixtures
Property Features
Hospital, Library, Park, Public Transit, Rec Centre, School
Property Details
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$2,802 (2014)
Basement
None
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
2
Parking 1
Exclusive (B2-11)
Parking 2
Exclusive (B2-11)
Garage Type
Undergrnd
Room Summary
RoomLevelSizeFeatures
LivingFlat15.52' x 17.62'Broadloom, Combined W/Dining, Window
DiningFlat15.52' x 17.62'Broadloom, Combined W/Living, Window
KitchenFlat7.87' x 12.47'Tile Floor
DenFlat7.28' x 7.38'Broadloom, W/O To Balcony, East View
MasterFlat11.09' x 20.41'Broadloom, W/I Closet, 4 Pc Ensuite
2nd BrFlat9.68' x 12.80'Broadloom, Closet, Window
FoyerFlat6.36' x 8.43'Tile Floor, Closet
LaundryFlat4.95' x 5.12'
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Wellesley St E 503 is a 2-bedroom 2-bathroom condo listed for sale at $449,000, which is $339,398 (43.0%) lower than the average sold price of $788,398 in the last 30 days (March 10 - April 8). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $585 (0.1%) compared to the previous 30 day period (February 9 - March 9) and up $4,212 (0.5%) from the same time one year ago.
Inventory Change
There were 1,151 2-bedroom condos listed in Downtown Toronto over the last 30 days (March 10 - April 8), which is down 1.5% compared with the previous 30 day period (February 9 - March 9) and up 22.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($9,337) (1.2%) below asking price over the last 30 days (March 10 - April 8), which represents a $3,548 increase compared to the previous 30 day period (February 9 - March 9) and ($8,736) 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 Downtown Toronto over the last 30 days (March 10 - April 8) stood at 60.4%, up from 43.8% over the previous 30 days (February 9 - March 9) and down from 64.8% 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 Downtown Toronto stood at 24 days when successfully sold over the last 30 days (March 10 - April 8), compared to 56 days before being removed from the market upon being suspended or terminated.
Listing contracted with One Percent Realty Ltd., Brokerage
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