Ivory on Adelaide
1Listing for Salefor Sale
1Listing for Rentfor Rent
400 Adelaide St E
Ivory on Adelaide
400 Adelaide St Eexpand addresses list
    1Listing for Salefor Sale
    1Listing for Rentfor Rent
    Walk Score
    97
    Transit Score
    100
    Bike Score
    74
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    Above Average
    Property Type
    Condo
    Developer
    Plaza
    Condo Completion
    2015
    Property Management
    First Service Residential
    Unit Size Range
    507 - 1099 SQFT
    Number of Units
    357
    Number of Storeys
    22

    400 Adelaide St E, Toronto

    About this condo

    Condo Overview

    Ivory on Adelaide is located at 400 Adelaide Street East in one of the most treasured neighbourhoods in the city: the St. Lawrence Market area is widely regarded as the best preserved region in the GTA because the area is full of red brick Victorian factories and warehouses that have been revitalized into trendy Toronto lofts.

    Ivory condos beautifully contrast with these industrial buildings by offering a modern mid-rise in the region. It stands at 22 storeys, and it has 357 units that range from one-bedroom to three-bedroom units — plenty of options for those seeking Toronto condos for sale in this building.

    This building was designed by internationally renowned architects Hariri Pontarini, and it was built by Plaza — one of the most well respected developers in the Toronto real estate industry. This respect culminated in being named the 2018 High-Rise Builder of the Year by Tarion.

    The Suites

    This building is all about design, which is immediately apparent from its modern facade that seamlessly blends together concrete, steel and glass. This trend continues with the interior of the units, as these condos sport open concept floor plans, as well as world class fixtures and finishes.

    Every unit in this development has been equipped with a balcony or terrace, so you can rest easy knowing you have your own outdoor space. The floors are all engineered, and the kitchens are outfitted with granite countertops, undermount sinks and Whirlpool appliances. The spa inspired bathrooms have deep soaker tubs and marble vanity countertops.

    This building also has amazing amenities that are available to all residents. There is a comprehensive exercise room, as well as a swimming pool. There’s also concierge service, so you’ll always have that extra help when you need it.

    The Neighbourhood

    400 Adelaide East is located in the St. Lawrence neighbourhood, which is renowned for successfully holding onto the charm of Old Toronto. It’s also managed to add contemporary touches that provide the modern day conveniences on which we’ve come to rely.

    The neighbourhood is named after the St. Lawrence Market. This market is the go-to destination for foodies from all over the GTA. Its vendors have a seemingly endless supply of artisan preserves, cheeses, and cured meats. It’s also the home of Toronto’s famous Bacon Sandwiches. Make sure you visit on the weekend, because that’s when farmers from all over Southern Ontario come to sell their freshly picked produce.

    The prevalence of lofts in the area has given the neighbourhood the reputation for being a major arts centre in the city. This is further bolstered by the George Brown campus, making Ivory on Adelaide a great option for students, faculty, or art professionals. The newly established Studio District just east of here could also make it a tremendous home for one of the many film professionals in the city.

    The Distillery District is another nearby neighbourhood that adds more appeal to the Ivory condos. The Distillery District was once the old Gooderham and Worts whiskey distillery, but today it has been refurbished into an arts and entertainment district complete with a variety of restaurants and boutique shops. It has successfully kept its Victorian facades, however, complete with the cobblestone streets.

    Transportation

    400 Adelaide East is an incredibly central address because it’s in between Queen and King Streets. In addition to these being integral commercial thoroughfares, they are both equipped with streetcar lines that make travelling from east to west in downtown much easier.

    If you’re looking to use public transit for longer trips, King Station is only a short walk away. This is part of Line 1 Yonge-University, so thanks to the recent extension, riders can make it up to North York or even Vaughan. They can also transfer at Bloor-Yonge Station to easily travel to Etobicoke or Scarborough.

    Drivers will also find that this is a great starting point in the city, because it's incredibly close to both the Gardiner Expressway and the Don Valley Parkway. These arterial highways put all of Southern Ontario within reach, so everything is at your fingertips.

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    Amenities

    Rooftop Deck/Garden
    Party/Meeting Room
    Guest Suites
    Sauna
    Gym
    Underground Parking
    Games Room
    Visitor Parking
    Concierge

    Maintenance Fees Cover

    Maintenance fees include

    Water

    Owner / renter pays separately

    Hydro
    Heat
    Air Conditioning

    Past Sold & Rented Listings

    Stats, Trends & Rankings

    Price Per Square Foot
    Ivory on Adelaide vs The St. Lawrence Area

    $36.00
    More Expensive
    per SQFT compared to the neighbourhood average
    Ivory on Adelaide's Avg
    price per SQFT
    $1,002
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $966
    / SQFT

    Building Trends At Ivory on Adelaide

    Days on Market

    Units at Ivory on Adelaide spend an average of
    14
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    6%
    above
    the list price.

    Offer Competition

    Condos in this building have an

    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    5.7
    YEARS before being sold again

    Property Value

    1%
    Increase in property value within the past twelve months

    Price Ranking

    19th
    Highest price per SQFT out of 63 condos in the St. Lawrence area

    Sold Units

    21
    Units were Sold over the past twelve months

    Rented Units

    57
    Units were Rented over the past twelve months

    Best Value

    Ivory on Adelaide offers the
    ?
    best value out of 63 condos in the St. Lawrence neighbourhood

    Return on Investment

    Ivory on Adelaide has the
    ?
    highest ROI out of 63 condos in the St. Lawrence neighbourhood

    Rental Yield

    Ivory on Adelaide yields the
    ?
    highest rent prices out of 63 condos in the St. Lawrence neighbourhood

    High Demand

    Ivory on Adelaide is the
    ?
    most popular building out of 63 condos in the St. Lawrence neighbourhood

    Sales vs Rental Values For This Condo

    1 Bed510 - 700 SQFT
    Average Cost Per Sqft$978
    Sales Price Range$536,500 - $726,712
    Rental Price Range$1,600 - $2,200
    1 Bed + Den607 - 965 SQFT
    Average Cost Per Sqft$974
    Sales Price Range$632,000 - $756,000
    Rental Price Range$1,825 - $2,450
    2 Bed663 - 983 SQFT
    Average Cost Per Sqft$911
    Sales Price Range$680,000 - $935,000
    Rental Price Range$2,350 - $3,000

    How Often Are Units Listed?

    1 Bed507 - 1042 SQFT
    Average Sales Availability
    Every61Days
    Average Rental Availability
    Every17Days
    Ratio of Unit Type in Building34%
    1 Bed + Den605 - 965 SQFT
    Average Sales Availability
    Every35Days
    Average Rental Availability
    Every11Days
    Ratio of Unit Type in Building48%
    2 Bed624 - 1000 SQFT
    Average Sales Availability
    Every62Days
    Average Rental Availability
    Every37Days
    Ratio of Unit Type in Building20%
    2 Bed + Den
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building1%

    Maintenance Fees
    Ivory on Adelaide vs The St. Lawrence Area

    $0.17
    Less Expensive
    per SQFT compared to the neighbourhood average
    Ivory on Adelaide's Avg
    monthly maintenance
    fee per SQFT
    $0.62
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.79
    / SQFT

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