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              For Sale 13 Days On Site

              #2001 38 Elm St

              near Bay & Dundas
              $629,000 1+0bdr • 1ba • 1kit • 700-799sf
              Average Income
              $68,779
              Population Age
              34 y/old
              School Score
              5.55/10
              Price Index Change 1y
              +3.66%
              Price Index Change 3y
              +19.65%
              Rent Index Change 1y
              -10.24%
              Rent Index Change 3y
              +3.43%

              Condo Apt • Apartment #2001 • 19 Level

              #2001 38 Elm St, Bay Street Corridor, Toronto
              • Rooms and Bathrooms 1+0 bedr, 1 bath
              • Kitchens 1
              • area 700-799
              • garage 0.0 Undergrnd
              • exposure Nw
              • age 16-30
              • locker Owned
              • possession

                Immediate

              $629,000

              $1,996.93
              Tax yr: 2020

              $622.47/m

              CALCULATED NUMBERS:

              $2360.00

              calculator

              $2167

              3

              98 Walker's Paradise

              98 Rider's Paradise

              90 Biker's Paradise

              5.55/10

              Location Details
              • Toronto

              • Toronto

              • Bay Street Corridor

              • Bay & Dundas

              • M5G2K5

              Listing Details Provided By
              Property Details Provided By Toronto Real Estate Board
              Listing Brokerage

              ROYAL LEPAGE SIGNATURE REALTY, BROKERAGE

              Property Overview
              Live In Luxury! Welcome To The Prestigious Minto Plaza In The Heart Of Downtown Toronto! This 1 Bedroom/1 Bathroom Unit Has Been Tastefully Updated And Features Laminate Flooring, Extra Large Master Bedroom, Spacious Washroom With Whirlpool Tub + Separate Stand Up Shower And Open Concept, Bright Living/Dining Area. Ideal Unit For A First Time Buyer With All Inclusive Maintenance Fees, Located Steps To Ryerson University, Yonge St. Shops, Eaton Centre And Ttc.
              Extras: All Appliances: Fridge, Stove, Range Hood, Dishwasher, Washer/Dryer. All Elf's And Window Coverings. Unit Includes A Locker On P3.
              Video tour available. Click to watch.
              Rooms details
              Living
              • Flat Level
              • Laminate
              • Combined W/Dining
              • Broadloom
              • Size 6.28x3.67
              Dining
              • Flat Level
              • Laminate
              • Combined W/Living
              • Broadloom
              • Size 6.28x3.67
              Kitchen
              • Flat Level
              • Marble Floor
              • Breakfast Bar
              • Modern Kitchen
              • Size 2.36x1.77
              Master
              • Flat Level
              • Broadloom
              • 4 Pc Ensuite
              • W/I Closet
              • Size 3.35x3.96
              Basement
              • None
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              • Listing added to site: 2020-09-17 00:22:15
              • Last updated: 2020-09-17 00:22:14
              • Photos updated: 2020-09-16
              • Contract date: 0000-00-00
              • Input date: 0000-00-00
              • Expiry date: 0000-00-00
              • Closed date: 0000-00-00
              • Condition expiry date: 0000-00-00
              • Extension entry date: 0000-00-00
              • Sold date: 0000-00-00
              • Suspended date: 0000-00-00
              • Terminated date: 0000-00-00
              • Unavailable date: 0000-00-00
              • Condition:
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              Travel Times, Streetview, Walkscore
              Listing Overview

              General:

              2001 38 Elm St is a condo apt apartment, located in Bay Street Corridor of city of Toronto, Toronto region, near Bay & Dundas, and has been available for sale on CondosDirect since 2020-09-17. This unit is located at level 19 of the building and has North-West exposure of Elm St. Condo registry office is MTCC, corporation number 933.

              Lot Size and Living Area:

              2001 38 Elm St has 4+0 rooms in total, including 1+0 bedroms, 1 baths and 1 kitchen. Please find this condo rooms details on this page above.
              Living area of this condo unit is within the range of 700-799 square feet. 38 Elm St building was built appriximately 16-30 years ago.
              0.0 parking space(s) are and located undergrnd at level . The locker is owned. An ensuite laundry is available at the unit.

              Heating and Cooling:

              The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

              Listing Features:


              AIDA has also found the following features: Open Concept, Attn 1st Time Buyers, and possible sellers motivation indicators such as Listing Ad says Motivated Seller.

              Price & Cost Overview

              General:

              2001 38 Elm St condo apt is listed for $629,000. Property tax for year 2020 was $1,997. And the monthly maintenance fee was $622.

              Comparative Market Analysis:

              There are similar 1+0 bedr condo apt recently sold for an average Time Adjusted Selling Price of $547,983.
              Visit a customized Comparative Market Analysis page for more details.

              Mortgage and Other Expenses:

              Your monthly mortgage payments will be $2,360, and total expenses, including the mortgage, property tax and maintenance, fee around $2,578, assuming $629,000 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
              Use our Mortgage and Investment Calculator, customized especially for 2001 38 Elm St, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

              Location Overview

              General:

              Bay Street Corridor, where 38 Elm St is located, has $881,068 Home Price Index, and $2,534 Home Rent Index. Average household income at dissemination area of 38 Elm St is $68,779, and average polulation age is 34 years old.
              Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,041,213, and average Home Rent Index $2,585.

              Similar Properties & Community Details:

              There are similar to 2001 38 Elm St 1 bedr condo apt condos listed For Sale and For Rent in city of Toronto.
              Learn about the prices of Recently Sold Condos and Recently Rented Condos near 38 Elm St.
              You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Bay Street Corridor neighborhood in city of Toronto.

              Schools:

              There are at least 2 school(s) located near 38 Elm St, or schools, which boundaries this address belongs to with an average School Score 5.55 out of 10. Here are more details about these schools:
              1. Church Street Junior Public School (Grades JK-06), Public, Elementary, ranked as Average.
              2. Jarvis Collegiate Institute (Grades 09-12), Public, Secondary, ranked as Average.
              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Walkscore, Transitscore, and Bikescore:

              With Walkscore, Transitscore, and Bikescore of 98, 98, and 90 accordingly, location of 38 Elm St overall can be described as Walker's Paradise, Rider's Paradise, and Biker's Paradise.

              Bay Street Corridor, Toronto Sales & Rent History Powered by AIDA
              Disclaimer

              All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

              City of Toronto Condos MOI (Months of Inventory)
              Last month sales statistics:
              It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (99 days).
              Sellers are not likely to negotiate the price, but it is easier to sell your own property.
              Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
              How often similar homes sell?
              You may expect 19 to 23 properties like that to be sold in Bay Street Corridor during the next 30 days.
              Seasonal sales fluctuation is showing -11% inventory decline comparing to the average annual number, which is equvalent to 23.67 properties sold per month, and 6% increase comparing to the last six months.
              How soon it can be sold?
              This property has been on the market for 13 days, which is 8 days less than the recent sales average, and can be sold at any time if the price is right, or negotiable by the seller.
              Seasonal sales fluctuation is showing -7% D.O.M. decrease comparing to the average annual number, which is equvalent to 22 D.O.M., and 21% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
              At what price it can be sold?
              Similar properties currently sell very close to its asking price in Bay Street Corridor.
              The selling to asking price ratio is declining in Bay Street Corridor.
              This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
              Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS C4915300 Comparative Market Analysis
              2001 38 Elm St Investor's Outlook Powered by AIDA

              Compare Home Price Index and Home Rent Index performance over the last year and last 3 years in Bay Street Corridor, Toronto, to the City of Toronto for the projects listed on our site.

              Comparative analysis of location's Walkscore, Transitscore, Bikescore and Schoolscore.

              Price Index 1y

              Price Index change was +3.66% comparig to the City of Toronto average of +12.075%

              Price Index 3y

              Price Index change was +19.65% comparig to the City of Toronto average of +4.97%

              Rent Index 1y

              Rent Index change was -10.24% comparig to the City of Toronto average of -5.25%

              Rent Index 3y

              Rent Index change was +19.65% comparig to the City of Toronto average of +4.97%

              Walkscore

              Walkscore 98 out of 100 means Walker's Paradise

              Transitscore

              Transitscore 98 out of 100 means Rider's Paradise

              Bikescore

              No sufficient data available

              Schoolscore

              Schoolscore is 5.55 out of maximum 10 points

              Mortgage & Payments

              Calculate your Mortgage Payments, Total monthly payments including Property tax and Condo Fee (where available), Mortgage Amortization, and Investment forecast with our Investment Simulator Tool.

              Mortgage & Payments Calculator
              Property Financing Details
              Land Transfer Tax & Closing Expenses
              Downpayment Details
              Use in monthly payment calculation:
              Mortgage & Financing Details

              Assuming Fixed Rate, Monthly Payments

              (Mortg interest rate. Ex: 3.0)

              (Mortgage duration Ex: 25)

              (Borrowing rate Ex: 3.5)

              Save mortgage settings to your profile for automated mortgage calculation on all listings. Account login required.

              Mortgage & Payments Summary

              Schools and Ratings

              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Demographics & Housing Statistics

              $9,700 Cashback
              $649,900
              1+1br 1ba 600-699sf

              Prop Tax

              $2,122

              Condo Fee

              $472

              Exposure

              W

              Mortg/m

              $ calculator

              WalkScore

              90

              Compare$679,677

              $10,800 Cashback
              $719,000
              1+1br 1ba 600-699sf

              Prop Tax

              $2,578

              Condo Fee

              $540

              Exposure

              N

              Mortg/m

              $ calculator

              WalkScore

              84

              Compare$681,474

              $8,200 Cashback
              $549,900
              1+1br 1ba 500-599sf

              Prop Tax

              $1,916

              Condo Fee

              $386

              Exposure

              E

              Mortg/m

              $ calculator

              WalkScore

              52

              Compare$528,415

              $8,400 Cashback
              $558,000
              1+1br 1ba 600-699sf

              Prop Tax

              $2,003

              Condo Fee

              $483

              Exposure

              Ne

              Mortg/m

              $ calculator

              WalkScore

              51

              Compare n/a

              $10,500 Cashback
              $699,900
              1+1br 2ba 600-699sf

              Prop Tax

              $2,704

              Condo Fee

              $622

              Exposure

              W

              Mortg/m

              $ calculator

              WalkScore

              93

              Compare$766,910

              $9,000 Cashback
              $599,000
              1+1br 1ba 500-599sf

              Prop Tax

              $2,272

              Condo Fee

              $406

              Exposure

              E

              Mortg/m

              $ calculator

              WalkScore

              90

              Compare$655,782

              $9,000 Cashback
              $599,000
              1+1br 2ba 600-699sf

              Prop Tax

              $n/a

              Condo Fee

              $442

              Exposure

              E

              Mortg/m

              $ calculator

              WalkScore

              86

              Compare n/a

              $10,300 Cashback
              $689,999
              1+1br 2ba 700-799sf

              Prop Tax

              $n/a

              Condo Fee

              $439

              Exposure

              W

              Mortg/m

              $ calculator

              WalkScore

              92

              Compare n/a

              $9,400 Cashback
              $624,900
              1+1br 1ba 600-699sf

              Prop Tax

              $2,524

              Condo Fee

              $489

              Exposure

              N

              Mortg/m

              $ calculator

              WalkScore

              85

              Compare$663,823

              $9,900 Cashback
              $662,500
              1+1br 1ba 600-699sf

              Prop Tax

              $2,422

              Condo Fee

              $498

              Exposure

              Ne

              Mortg/m

              $ calculator

              WalkScore

              76

              Compare n/a

              $10,200 Cashback
              $682,000
              1+1br 2ba 900-999sf

              Prop Tax

              $2,494

              Condo Fee

              $495

              Exposure

              W

              Mortg/m

              $ calculator

              WalkScore

              74

              Compare n/a

              $9,000 Cashback
              $599,000
              1+1br 1ba 600-699sf

              Prop Tax

              $2,314

              Condo Fee

              $460

              Exposure

              Sw

              Mortg/m

              $ calculator

              WalkScore

              85

              Compare$700,775