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            AIDA

            Real Estate Artificial Intelligence Digital Assistant

            Disclaimer

            AIDA (Artificial Intelligence Digital Assistant) is currently in BETA version, and is available at no charge for a limited time.

            Some features are limited, with full access granted only to our clients and real estate agents representing ITRealty.

            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.

            AIDA's CMA is taking into account real estate market fluctuations for given type properties in the city and neighborhood, so sometimes CMA may significately vary from the prices properties are listed at.

            Please check below on the page for what AIDA is not including into the CMA.

            Comparative Market Analysis for MLS# C4604161

            Price -$30000
            $1,038,888
            2br 2ba 900-999sf

            Prop Tax

            $4,018

            Condo Fee

            $678

            Exposure

            Ne

            Mortg/m

            $ calculator

            WalkScore

            99

            Compare$1,100,877

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            Property Details Provided By
            Property Details Provided By Toronto Real Estate Board
            Listed By

            RIGHT AT HOME REALTY INC., BROKERAGE

            Learn more about this property:
            MLS# C4604161 Listing Details
            Among all comparable properties sold in condo located at 224 King Street West in Waterfront Communities C1 in Toronto from Jan 2017 to Nov 2019, after adjusting selling prices according to market conditions at the time of sale, AIDA has calculated that:
            Minimum Price Adjusted was:

            $1,059,049

            Maximum Price Adjusted was:

            $1,161,172

            AIDA's ESTIMATE (based on 3 properties)
            AIDA's Comparative Market Analysis is based on comparable properties sales data adjusted according to the monthly fluctuations of the local real estate market, and is equivalent to:

            $XXX,XXX

            Which makes the Asking Price ($1,038,888) less than AIDA's Appraised Value by:

            $XX,XXX

            Or, in percentage equivalent, by:

            XX%

            Notes
            • Condo lockers are not taken into account.
            • Upgrades and quality of renovation are not taken into account.

            Comparables

            AIDA found 3 comparable properties sold in condo located at 224 King Street West in Waterfront Communities C1 in Toronto from Jan 2017 to Nov 2019

            Use the table's first column checkboxes to exclude/include properties into evaluation. The numbers above will automatically get recalculated accordingly.

            Sold onFloorUnit#AddressExpSQFTBed • BathGar SpacesMaintTaxSold PriceTime Adj %Time Adj Price
            2017-02-03***1703224 King St WNe900-9992+0 • 21.0$640$4,197$860,00035.02%***
            2017-05-01***2003224 King St WNe900-9992+0 • 21.0$640$4,197$871,00021.59%***
            2019-03-08***1103224 King St WNe900-9992+0 • 21.0$671$4,061$1,025,0005.68%***

            Waterfront Communities C1, Toronto Sales History More

            Waterfront Communities C1, Toronto: Overall Sales Statistics for Condos
            Neighborhood Sales Statistics
            Neighborhood Rent Statistics
            Waterfront Communities C1, Toronto: Detailed Sales & Rent Statistics for Condos
            1003 224 King Street West Property & Location AIDA Analytics
            Listing Details

            General:

            1003 224 King Street West is a condo apt apartment, located in Waterfront Communities C1 of city of Toronto, Toronto region, near University & King St.W., and has been available for sale on ITRealty since 2019-10-10. This unit is located at level 10 of the building and has North-East exposure of King W St. Condo registry office is TSCP, corporation number 2489.

            Lot Size and Living Area:

            1003 224 King Street West has 5+0 rooms in total, including 2+0 bedroms, 2 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 900-999 square feet.
            1.0 parking space(s) are exclusive and located undergrnd at level Lvl C . The locker is exclusiv. This condo has an ensuite laundry.

            Heating and Cooling:

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

            Listing Features:


            AIDA has also found the following features: Open Concept, Price Change, AIDA Recommended, and possible sellers motivation indicators such as Reduced Asking Price, Listing Ad says Motivated Seller.

            Price & Cost Details

            General:

            1003 224 King Street West condo apt is listed for $1,038,888. Property tax for year 2019 was $4,018. And the monthly maintenance fee was $679.

            Comparative Market Analysis:

            There are similar 2+0 bedr condo apt recently sold for an average Time Adjusted Selling Price of $1,100,877.
            Visit a customized Comparative Market Analysis page for more details.

            Mortgage and Other Expenses:

            Your monthly mortgage payments will be $3,898, and total expenses, including the mortgage, property tax and maintenance, fee around $4,289, assuming $1,038,888 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
            Use our Mortgage and Investment Calculator, customized especially for 1003 224 King Street West, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

            Buyer Cashback:

            You may be eligible for a Buyer Cashback up to $10,400 if you buy this condo apt with ITRealty.
            Check if you qualify.

            Location Details

            General:

            Waterfront Communities C1, where 224 King Street West is located, has $738,244 Home Price Index, and $2,643 Home Rent Index. Average household income at dissemination area of 224 King Street West is $77,568, and average polulation age is 33 years old.
            Average Home Price Index among 142 evaluated neighborhoods in city of Toronto is $956,898, and average Home Rent Index $2,645.

            Similar Properties & Community Details:

            There are similar to 1003 224 King Street West 2 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 224 King Street West.
            You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Waterfront Communities C1 neighborhood in city of Toronto.

            Walkscore, Transitscore, and Bikescore:

            With Walkscore, Transitscore, and Bikescore of 99, 100, and 92 accordingly, location of 224 King Street West overall can be described as Walker's Paradise, Rider's Paradise, and Biker's Paradise.

            1003 224 King Street West Listings History AIDA Analytics
            Waterfront Communities C1, Toronto AIDA Analytics
            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 (38 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 43 to 52 properties like that to be sold in Waterfront Communities C1 during the next 30 days.
            Seasonal sales fluctuation is showing 26% inventory increase comparing to the average annual number, which is equvalent to 37.5 properties sold per month, and 3% increase comparing to the last six months.
            How soon it can be sold?
            This property has been on the market for 42 days, which is 84% longer than it takes a similar home in Waterfront Communities C1 to sell, which is noticeably longer than recent sales average.
            Please note that asking price was reduced 23 days ago by -$30,000, which is a minor price reduction and may not generate enough interest.
            Seasonal sales fluctuation is showing 9% D.O.M. increase comparing to the average annual number, which is equvalent to 20 D.O.M., and 6% 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 at 1.35% below its asking price in Waterfront Communities C1.
            The selling to asking price ratio is slighyly declining, but this housing type demand remains stable in Waterfront Communities C1.
            Considering the fact that this property has already been on the market for 42 days, which is -84% longer than average number of days it takes a home to sell in Waterfront Communities C1 (22.8), but taking into account recent price drop by -$30,000, this home may get sold at or near it's new price.
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS C4604161 Comparative Market Analysis

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