Condo Market Analysis in Distillery District Toronto
Distillery District Toronto is a capital city present Ontario province in Canada. Toronto is one of the amazing and greatest cities in the world to establish your business. So, if you have a good business sense then you should prefer Toronto.
Living in Toronto, especially anywhere near downtown, can be very affordable. Rents here are also very affordable. The other standard expenses monthly in the city such as transit, groceries and phone plans are also cheap.
But the amazing thing is that you need not to live in a rented house. You can buy an affordable condominium here and enjoy a quality of life here.
Real Estate Market Outlook and Average Housing Price of Toronto
Toronto is one of the most affordable cities in Canada. This affordability is due to their houses which are available at very reasonable rates. That’s why the real estate market of Toronto is very competitive.
Real estate market of Toronto is dependent on its various construction styles. Homes are quite affordable here but their rates are dependent on construction styles. Different construction styles which are most popular in Toronto are townhomes, condominiums, semi-detached and detached homes.
Townhomes are a type of terraced housing. Semi-detached homes are isolated constructed houses while one side is still attached. Detached homes are fully isolated from their neighboring walls. The last one, condominiums, are the complex residential properties with multiple housing units in which each unit is owned individually.
Condo Market Analysis in Distillery District Toronto
Among all the construction houses in Toronto, the most affordable ones are condominiums. These are available with different numbers of bedrooms in different areas of the city.
The average sold price in Distillery District Toronto is $1.1M. This sold out price here represents a monthly change of around 5.6 percent, quaternary change of 5 percent and 1.7 percent yearly change in real estate prices.
The average housing price in Toronto is $1,076,025 as indicated by MLS statistics. Distillery District Toronto has 4433 new listings in the last twenty eight days. As of today, the housing data of Toronto represents the median days on the real estate market for a house is twenty one days.
As of today, one bedroom condominium is available at the rate of $627K. This price was $641K about three months ago. Similarly, a two bedroom condominium apartment is available for sale at $888K. This price was $862K about three months ago.
In the same way a three bedroom condominium apartment is available for sale at an average cost of only $987K. This price was $895K about three months ago.
From these real estate prices of condos, it can easily be predicted that these are the most affordable ones in the Distillery District Toronto.
A one bedroom and one bathroom condominium are available for sale at 65 SCADDING AVE, TORONTO. This around 700-790 sq ft condominium can be yours by paying $649,900.
Another one bedroom and one bathroom condominium are available for sale at 12 BONNYCASTLE ST, Toronto. This beautiful condominium is around 699-690 sq ft. The cost of this condominium is $749,900.
