You need to know! SOLD STATS about your Etobicoke Condos!

On our website, Etobicokeforsale.com under the Condo heading is a drop-down list of each Condo building in Etobicoke, for instance, 15-25-35 Viking Lane the Tridel complex south of Dundas at the Six Points. On each building we have the current condos for sale and below that, we show a chart that indicates all of the Recent Sold Statistics for 2018. The chart looks like this.

Statistics & Counts
FieldCountMean
(Average)
MedianModeLowHigh
List Price 36 $533,789 $519,000 $489,900 $389,995 $750,000
Original Price 36 $534,900 $519,000 $449,900 $389,995 $750,000
Sold Price 36 $534,039 $527,250 $480,000 $390,000 $720,000
%Difference 36 100 100 100 96 110
Taxes 36 $2,303 $2,158 $1,950 $1,665.70 $3,402.53
Bedrooms 36 2 2 2 1 3
Washrooms 36 2 2 2 1 3
Days on Market 35 15 13 5 1 45
* Calculations are performed excluding zero and null values
FieldValueCount
Area Toronto 36
Community Islington-City Centre West 36
Municip Toronto 36
LSC Sld 36
Type Comm Element Condo 1
  Condo Apt 34
  Condo Townhouse 1
Style 2-Storey 1
 T    

The chart tells you 36 units have sold since January 1 2018.  The average, high and low price. The taxes are there for you to compare. How many days did it take to sell factoring most condo units have Conditional sales for your lawyer to review the Status Certificate detailing information like how much money the Condo has in its reserve and if there are any outstanding court cases among other pertinent details. So the SOLD price here is very close to the asking. Let us see how this compares to another complex Westlake Condos 2196-2200 Lake Shore Blvd West at Parklawn three-building complex on the north east corner. 

   

 Westlake Condos 

Statistics & Counts
FieldCountMean
(Average)
MedianModeLowHigh
List Price 80 $537,041 $489,400 $449,000 $398,000 $899,900
Original Price 80 $536,603 $489,850 $599,900 $398,000 $899,900
Sold Price 80 $540,258 $488,750 $475,000 $410,000 $895,000
%Difference 80 101 99 99 91 115
Taxes 80 $2,190 $2,019 $1,757 $1,520.13 $4,581.90
Bedrooms 80 1 1 1 1 3
Washrooms 80 1 1 1 1 3
Days on Market 78 22 16 2 1 120
* Calculations are performed excluding zero and null values
FieldValueCount
Area Toronto 80
Community Mimico 80
Municip Toronto 80
LSC Sld 80
Type Comm Element Condo 2
  Condo Apt 76
  Condo Townhouse 2
Style 2-Storey 1
  Apartment 77
  Multi-Level 2

Westlake has sold 80 units at an average of $540,000 which is higher than the list and original price. This indicates multiple offers are fueling above asking price SOLDS. They are based upon 1 bedroom units as opposed to 2 bedroom units at 15-25-35 Viking Lane. The taxes are lower in Westlake but dollar per square foot appears to be substantially higher when you figure in the size of your unit or the unit you are about to purchase. 1 bedrrom units tend to be approx 600 square feet two units depending upon the Condo run 7-800 in newer complexes in Etobicoke. 

There are many factors that will weigh in the decision process , like location, amenities and unit features that will add or take away your value but never the less these are important statistics you should be aware of. If you would like some more info on a unit you are looking to buy or invest in or just need to know what your Condo is now worth, feel free to contact us by text, phone or email. We are here to help!

 

 

 

Leave a Comment