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    The Petra Way Condos
    by Unknown

    2-125 Petra Way

    0for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    3
    Number of Units:
    240
    Condo Completion:
    2004
    Condo Demand:
    High
    Unit Size Range:
    749 - 1,699 SQFT
    Unit Availability:
    High
    Property Management:
    Newton Trelawney

    Listing History for The Petra Way Condos

    Amenities

    Bike Storage
    Indoor Parking
    Visitor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 2-125 Petra WayThe Petra Way Condos

    The Petra Way Condos stands 3 storeys tall at 2-125 Petra Way and contains 240 units. This Durham Region condo was completed in 2004 by a developer. Suite sizes range from 749 square feet to 1699 square feet.

    The Suites

    We’ve aggregated a number of stats at 2-125 Petra Way. Here are some highlights: In the past 12 months, 22 units have sold, and 6 have been rented. Meanwhile, property values here have increased by 1.15%.

    Units at The Petra Way Condos have a high likelihood of receiving more than one offer, and on average they sell for 4.69% above the listed price. Suites here have an average cost per-square-foot of $559 based on sales over the past 12 months, and the median time a unit spends on the market is 12 days.

    The Neighbourhood

    Residents at The Petra Way Condos don’t have to drive more than 3 minutes to get to a variety of popular restaurants, including Wolfgang's on Brock, The Brock House and Starr Burger. In the mornings, become a regular at Tim Hortons, a quick 2-minute walk from The Petra Way Condos.

    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.

    Getting some fresh air is a breeze when you live at 2-125 Petra Way because excellent green spaces like Vanier Park, Hobbs Park and Sato Park are walkable in under 16 minutes.

    Those who love to shop will appreciate all the options nearby with Rossland Garden Shopping Centre and Whitby Town Square just 14 minutes from here.

    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. If you're open to commuting, a quick transit ride offers even more options, including Father Leo J Austin Catholic Secondary School and Donald A Wilson SS.

    Transportation

    Taking public transit? The nearest light transit stop is Dundas St. @ Garden St..

    There are several similar condos in the area, such as 1-60 Alexis Way, 712 Rossland Road E and 1-118 Sprucedale Way — all worth checking out.

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    Listings For Sale

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    Listings For Rent

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    Nearby Amenities

    3/10
    Walkability
    A sight of a grocery store is as rare as a unicorn sighting.
    Unknown
    Transit
    5/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    3,222
    Average Individual Income
    $76,360
    Average Household Size
    0 persons
    Average Age
    9
    Average Household Income
    $121,106
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    76%
    Low Rise Apartment
    13%
    High Rise Apartment
    4%
    Duplex
    3%
    Semi Detached
    2%
    Marital Status
    Commute
    Languages
    English
    88%
    Mandarin
    1%
    Indigenous Language
    6%
    Cantonese
    2%
    Other
    3%
    Education
    High School
    30%
    Apprenticeship
    7%
    University and Above
    23%
    College
    21%
    University Below Batchelor
    3%
    None
    13%
    Major Field of Study
    Personal, Protective & Transportation Services
    7%
    Health & Related Fields
    11%
    Architecture & Engineering
    26%
    Humanities
    6%
    Physical Sciences
    3%
    Math & Computer Sciences
    2%
    Social Sciences
    11%
    Education
    6%
    Visual & Performing Arts
    5%
    Agriculture & Natural Resources
    2%
    Business Management
    17%

    Price Trends

    Building Trends At The Petra Way Condos

    Days on Strata

    Units at The Petra Way Condos spend an average of
    12
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    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
    2
    YEARS before being sold again

    Property Value

    2%
    Increase in property value within the past twelve months

    Price Ranking

    3rd
    Highest price per SQFT out of 11 condos in the Pringle Creek area

    Sold Units

    22
    Units were Sold over the past twelve months

    Rented Units

    6
    Units were Rented over the past twelve months

    Best Value Rank

    The Petra Way Condos offers the
    ?
    best value out of 11 condos in the Pringle Creek neighbourhood

    Appreciation Rank

    The Petra Way Condos has the
    ?
    highest ROI out of 11 condos in the Pringle Creek neighbourhood

    Rental Yield

    The Petra Way Condos yields the
    ?
    highest rent prices out of 11 condos in the Pringle Creek neighbourhood

    High Demand

    The Petra Way Condos is the
    ?
    most popular building out of 11 condos in the Pringle Creek neighbourhood

    Transaction Insights at 2-125 Petra Way

    2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$555,000 - $650,100$545,000 - $697,000$565,000 - $653,000$750,000
    Avg. Cost Per Sqft$587$517$510$483
    Avg. Wait for Unit Availability15 Days23 Days107 Days212 Days
    Ratio of Units in Building58%27%13%4%

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