850 The Queensway Way

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850 The Queensway Way, Etobicoke
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2
BEDROOMS
2
BATHROOMS
1
KITCHENS
8 + 3
ROOMS
W3957593
MLSID
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Property Description
Retail Store And 2 Bedroom Rental Unit Above On Fastly Developing And Improving Queensway. 4-Car Parking In Rear And Pay Parking In Front. Separate Hydro Meters For Main And Second Floor. Main Floor Tenant Leaving August 1st.
Extras
Fridge, Stove.
Property Details
Property Type
Store W/Apt/Offc, 2-Storey
Lot Size
20' x 112'
Fronting
North
Taxes
$9,161 (2017)
Basement
Finished
Exterior
Brick Front
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
None
Etobicoke Market Statistics
Etobicoke Price Trend
850 The Queensway Way is a 2-bedroom 2-bathroom condo listed for sale at $1,149,000, which is $361,533 (45.9%) higher than the average sold price of $787,467 in the last 30 days (February 27 - March 27). During the last 30 days the average sold price for a 2 bedroom condo in Etobicoke increased by $17,669 (2.3%) compared to the previous 30 day period (January 28 - February 26) and down $17,878 (2.2%) from the same time one year ago.
Inventory Change
There were 1,231 2-bedroom condos listed in Etobicoke over the last 30 days (February 27 - March 27), which is up 16.4% compared with the previous 30 day period (January 28 - February 26) and up 22.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Etobicoke typically sold ($12,445) (1.6%) below asking price over the last 30 days (February 27 - March 27), which represents a $72 increase compared to the previous 30 day period (January 28 - February 26) and ($11,558) 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 Etobicoke over the last 30 days (February 27 - March 27) stood at 48.2%, up from 46.0% over the previous 30 days (January 28 - February 26) and down from 62.2% 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 Etobicoke stood at 27 days when successfully sold over the last 30 days (February 27 - March 27), compared to 54 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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