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For SaleDowntown CondosEst Sell Timeframe 16 Days
$599,000
1 Bed
1 Bath
0 Parking
540 SQFT
16 Days on Strata
Listing History
Unit Highlights
Property Type:
Soft Loft
Cost Per Sqft:
$1,109/sqft
Maintenance Fees:
$540/mth
Taxes:
$2,352 (2023)
Locker:
Owned
Outdoor Space:
Balcony
Exposure:
North
Possession Date:
May 1, 2024
Buyer's Market
Balanced
Seller's Market
Maintenance Fees
Included
Heat
Air Conditioning
Building Maintenance
Building Insurance
Excluded
Hydro
Water
Unit Details
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Fan Coil
- Ensuite Laundry
- No
Room Dimensions
Foyer
Laminate, Closet
5.68 x 7.84ft
Prim Bdrm
Laminate, Closet Organizers
8.04 x 9.15ft
Kitchen
Stainless Steel Appliances, Combined with Living, Walkout To Balcony
15.42 x 5.35ft
About this Listing
Experience the ultimate city lifestyle in this cozy 1-bedroom condo nestled in the heart of the Entertainment District. Designed with first-time homebuyers in mind, this spot offers both convenience and flair just steps from all the action. Dive into the vibrant urban scene with cool cafes, hot entertainment spots, and more right at your fingertips. With its well-kept vibe and perfect blend of comfort and accessibility, this place is a dream for those looking to dive into city living. Don't let this opportunity slip away to snag your own piece of prime real estate in the Entertainment District!
keller williams referred urban realtyMLS® #C8239446
Amenities
Rooftop Deck
Concierge
Bike Storage
BBQ
Media Room
Party Room
Nearby Amenities
9/10
Walkability
Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
10/10
Transit
Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
7/10
Bikeability
The bike lane starts to feel like a second home.
Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
24,225
Average Individual Income
$66,367
Average Household Size
3 persons
Average Age
0
Average Household Income
$109,098
Dominant Housing Type
High Rise Apartment
Population By Age
Household Income
Housing Types & Tenancy
High Rise Apartment
36%
Detached
33%
Semi Detached
21%
Low Rise Apartment
4%
Duplex
3%
Marital Status
Commute
Languages (Primary Language)
Other
71%
Mandarin
14%
Cantonese
9%
Tamil
2%
Arabic
1%
Tagalog
1%
Spanish
1%
Korean
1%
Education
University and Above
43%
High School
21%
College
15%
None
13%
University Below Batchelor
3%
Apprenticeship
2%
Major Field of Study
Business Management
25%
Architecture & Engineering
18%
Health & Related Fields
11%
Social Sciences
10%
Math & Computer Sciences
9%
Humanities
6%
Physical Sciences
5%
Education
4%
Visual & Performing Arts
3%
Personal, Protective & Transportation Services
2%
Price Trends
Building Trends At Downtown Condos
Days on Strata
Units at Downtown Condos spend an average of
39
Days on Strata
based on recent sales
List vs Selling Price
On average, these lofts sell for
5%
below
the list price.
Offer Competition
Lofts in this building have a
LOWchance of receiving
Multiple Offers
Turnover of Units
On average, each unit is owned for
6.8
YEARS before being sold againProperty Value
-1%
Decrease in property value within the past twelve months
Price Ranking
46th
Highest price per SQFT out of 98 condos in the King West area
Sold Units
2
Units were Sold over the past twelve months
Rented Units
14
Units were Rented over the past twelve months
Best Value Rank
Downtown Condos offers the best value out of 98 condos in the King West neighbourhood
?
Appreciation Rank
Downtown Condos has the highest ROI out of 98 condos in the King West neighbourhood
?
Rental Yield
Downtown Condos yields the highest rent prices out of 98 condos in the King West neighbourhood
?
High Demand
Downtown Condos is the most popular building out of 98 condos in the King West neighbourhood
?
Transaction Insights at 508 Wellington Street W
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed + Den | |
|---|---|---|---|---|---|---|
| Price Range | No Data | $825,000 | No Data | No Data | $995,000 | No Data |
| Avg. Cost Per Sqft | No Data | $1,067 | No Data | No Data | $954 | No Data |
| Price Range | No Data | $2,000 - $3,050 | No Data | $6,000 | No Data | No Data |
| Avg. Wait for Unit Availability | No Data | 73 Days | 913 Days | No Data | 482 Days | 1327 Days |
| Avg. Wait for Unit Availability | 317 Days | 30 Days | No Data | 383 Days | 273 Days | No Data |
| Ratio of Units in Building | 4% | 74% | 5% | 7% | 10% | 3% |
Maintenance Fees
Downtown Condos vs The King West Area
