pin_buy2-125 Petra Way
4Listings for Salefor Sale
1Listing for Rentfor Rent
building_buyThe Petra Way Condos
pin_buy2-125 Petra Wayexpand addresses list
    building_buyThe Petra Way Condos
    4Listings for Salefor Sale
    1Listing for Rentfor Rent
    Walkability
    3/10
    Transit
    Unknown
    Bikeability
    5/10
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    Above Average
    Property Type
    Condo
    Developer
    Unknown
    Condo Completion
    2004
    Property Management
    Newton Trelawney
    Unit Size Range
    799 - 1600 SQFT
    Number of Units
    240
    Number of Storeys
    3

    2-125 Petra Way, Toronto

    About this condo

    Condo Overview

    Located at 2-125 Petra Way, The Petra Way Condos is a 3-storey condo containing 240 units. These Durham Region condos were developed by a developer and completed in 2004. Units start at 799 square feet and can be as large as 1600 square feet. What makes a Pringle Creek condo for sale most appealing is all that the neighbourhood has to offer.

    The Suites

    On average, units at 2-125 Petra Way sell 11.01% above the list price, and units have a high chance of receiving multiple offers (aka a “bidding war”). The average cost per-square-foot in the condo (based on past 12 months of sales) is $565 and units sell with 7 days on market on average. Over the past 12 months, 24 have sold and 6 have have been rented here.

    The Neighbourhood

    Not everyone can claim the title of home chef, but those who live in this condo can leave the cooking to the professionals, and grab a bite at Wolfgang's on Brock, The Brock House and Starr Burger. Pringle Creek has plenty to offer coffee enthusiasts, with great cafes like Tim Hortons and Country Style.

    Grocery shopping is never a chore with stores such as M&M Food Market in the area.

    There are a number of banks within a short drive, including RBC Royal Bank for all your investment needs.

    Everyone can benefit from sunshine and Vitamin D, so you’ll love to know that Vanier Park, Hobbs Park and Sato Park are less than 16 minutes walking distance from 2-125 Petra Way.

    Enhance your personal style while living in the Pringle Creek neighbourhood by visiting Rossland Garden Shopping Centre and Whitby Town Square.

    The Petra Way Condos is a short drive away from Saint Matthew the Evangelist Catholic School, St. Bernard's Catholic Elementary School and Fallingbrook Public School, giving you plenty of choice for your child’s education. Families with older children will be happy to know that Father Leo J Austin Catholic Secondary School and Donald A Wilson SS can be reached by car in under 4 minutes.

    Those who call The Petra Way Condos home are a quick 5-minute drive from some of the best medical care in the city at Meadowglen Medical Clinic and Pharmacy, CAREforYOU Medical Centre and Durham Medical Centre (Durham Ultrasound).

    Transportation

    Transit users will need to trek a bit to Dundas St. @ Garden St., the nearest light transit stop.

    Have your heart set on this area but there’s nothing on the market? You’ll be pleased to know that 1-60 Alexis Way, 712 Rossland Rd E and 1-118 Sprucedale Way are all comparable condos in the area.

    1

    Listings For Rent

    Interested in receiving new listings for rent?

    Amenities

    Underground Parking
    Visitor Parking
    Bike Storage

    Maintenance Fees Cover

    Maintenance fees include

    None

    Owner / renter pays separately

    Hydro
    Heat
    Air Conditioning
    Water

    Past Sold & Rented Listings

    Stats, Trends & Rankings

    Price Per Square Foot
    The Petra Way Condos vs The Pringle Creek Area

    $53.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    The Petra Way Condos's Avg
    price per SQFT
    $629
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $682
    / SQFT

    Building Trends At The Petra Way Condos

    Days on Market

    Units at The Petra Way Condos spend an average of
    7
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    11%
    above
    the list price.

    Offer Competition

    Condos in this building have a

    HIGH
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    3.6
    YEARS before being sold again

    Property Value

    27%
    Increase in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 9 condos in the Pringle Creek area

    Sold Units

    24
    Units were Sold over the past twelve months

    Rented Units

    6
    Units were Rented over the past twelve months

    Best Value

    The Petra Way Condos offers the
    ?
    best value out of 9 condos in the Pringle Creek neighbourhood

    Return on Investment

    The Petra Way Condos has the
    ?
    highest ROI out of 9 condos in the Pringle Creek neighbourhood

    Rental Yield

    The Petra Way Condos yields the
    ?
    highest rent prices out of 9 condos in the Pringle Creek neighbourhood

    High Demand

    The Petra Way Condos is the
    ?
    most popular building out of 9 condos in the Pringle Creek neighbourhood

    Sales vs Rental Values For This Condo

    2 Bed935 - 1300 SQFT
    Average Cost Per Sqft$596
    Sales Price Range$570,000 - $738,000
    Rental Price Range$1,795 - $2,425
    2 Bed + Den1299 - 1339 SQFT
    Average Cost Per Sqft$542
    Sales Price Range$625,000 - $851,000
    Rental Price Range$1,700 - $1,700
    3 Bed1125 - 1516 SQFT
    Average Cost Per Sqft$537
    Sales Price Range$630,000 - $840,000
    Rental Price Range
    N/A
    3 Bed + Den1500 - 1500 SQFT
    Average Cost Per Sqft$396
    Sales Price Range$769,000 - $769,000
    Rental Price Range
    N/A

    How Often Are Units Listed?

    2 Bed900 - 1516 SQFT
    Average Sales Availability
    Every27Days
    Average Rental Availability
    Every100Days
    Ratio of Unit Type in Building60%
    2 Bed + Den950 - 1516 SQFT
    Average Sales Availability
    Every40Days
    Average Rental Availability
    Every114Days
    Ratio of Unit Type in Building24%
    3 Bed1049 - 1516 SQFT
    Average Sales Availability
    Every164Days
    Average Rental Availability
    Every485Days
    Ratio of Unit Type in Building15%
    3 Bed + Den1200 - 1500 SQFT
    Average Sales Availability
    Every505Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building3%

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