South Riverdale Toronto Condos - 2016 4th Quarter Report E01

Including: Condominium Apartments and Condo townhouses

In the fourth quarter of the year eleven condominium townhouses and thirty seven apartments were sold in South Riverdale.

Condo apartments and lofts

Thirteen of the condo apartments were lofts, and the average sale price for these was $638,923. That price ranged from the low of $400,000 for a small (under 600 sq.ft.) unit in the Garment Factory (233 Carlaw), to $870,000 for a huge (over 1,600 sq.ft.) live-work space with 14-feet ceiling heights in the Wrigley Lofts (245 Carlaw).

Lofts sold between 97% and 119% of the asking price. The highest percentage was paid for a one bedroom plus office unit in Broadview Lofts, which sold for approximately $840 per square foot. The lowest percentage was paid for the Wrigley Lofts large unit, and that space sold for approximately $550 per square foot, and for a 2-level unit in Printing Factory, which sold for just over $600 per squarre foot.

Twenty four regular condos sold at an average price of $489,429, ranging from $250,000 for a studio (under 500 sq.ft., no separate bedroom) in The Carlaw, the new building at the corner of Carlaw and Dundas, to $760,000 for a 2-bedroom approximately 950 sq.ft. unit in Sync - a boutique building on Queen west of Broadview. The average ratio of selling to listing price was 102%, with the lowest of 96% for a mid-size 2 bedroom unit in Flatiron and the highest 117% was paid for the highest sale in Sync.

Out of the 37 condo sales eleven sold below asking, eleven received full listing price, and fifteen sold above asking. Three units received bully offers.

Condominium townhouses

Eleven condo townhouses sold at an average of $792,370. Selling prices ranged from $344,000 for a small (under 600 sq.ft.) unit in Riverside Towns on Broadview to $1,420,000 for a 3-storey 2170 sq.ft. townhouse in the St. Leslieville Church Lofts complex on Jones Avenue.

Two townhouses were sold below asking, three received full listing price, and six sold above asking. The highest percentage of listing price, 119%, was received for a 2-storey seven year old townhouse on Dundas with nearly 900 sq.ft. of living space and parking. Lowest, 95%, was received for a 3-storey 1880 sq.ft. unit in St. Leslieville Church Lofts complex.

Only one townhouse was sold with a bully offer

Condominium Apartments

Wrigley lofts at 245 Carlaw Avenue are true hard live-work loft spaces with high ceilings and original factory windows South Riverdale Toronto   2016     2015   Difference
Condo Sales   37     51   - 27.4%
Condos Average Price   $514,162     $437,995   + 17.4%
New Listings   34     77   - 55.8%
Active Listings   9     91   - 90.1%
% of Sales Price to Listing Price   102.7%     100.0%   + 2.7%
Days on Market   10     17   - 7


  Sales Average Price Days on Market % Sold Price / List Price
Flats 24 $489,429 9 102.0%
Lofts 13 $638,923 12 103.0%

Condo Townhouses

Recently built townhouses in Torontos South Riverdale have clear modern lines South Riverdale Toronto   2016     2015   Difference
Townhouse Sales   11     8   + 37.5%
Average Price   $792,370     $537,892   + 47.3%
New Listings   12     11   + 9.1%
Active Listings   9     15   - 40.0%
% of Sales Price to Listing Price   103.4%     99.7%   + 3.7%
Days on Market   29     22   + 7
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