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            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# C4637480

            $9,900 Cashback
            $988,000
            2+1br 2ba 1000-1199sf

            Prop Tax

            $3,365

            Condo Fee

            $955

            Exposure

            Sw

            Mortg/m

            $ calculator

            WalkScore

            99

            Compare$901,423

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

            SOHO CLASSIC REALTY LTD., BROKERAGE

            Learn more about this property:
            MLS# C4637480 Listing Details
            Among all comparable properties sold in condo located at 24 Wellesley Street West in Bay Street Corridor in Toronto from Jan 2017 to Dec 2019, after adjusting selling prices according to market conditions at the time of sale, AIDA has calculated that:
            Minimum Price Adjusted was:

            $791,996

            Maximum Price Adjusted was:

            $1,043,540

            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 ($988,000) more 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 24 Wellesley Street West in Bay Street Corridor in Toronto from Jan 2017 to Dec 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
            2017-04-08***270324 Wellesley St WSw1000-11992+0 • 21.0$810$3,337$765,00013.56%***
            2018-03-04***181124 Wellesley St WSe1000-11992+0 • 21.0$904$3,550$863,50020.85%***
            2018-06-09***22124 Wellesley St WS1000-11992+0 • 21.0$823$3,190$760,0004.21%***

            Bay Street Corridor, Toronto Sales History More

            Bay Street Corridor, Toronto: Overall Sales Statistics for Condos
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Sales Statistics
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Rent Statistics
            Bay Street Corridor, Toronto: Detailed Sales & Rent Statistics for Condos
            1311 24 Wellesley Street West Property & Location Overview Powered by AIDA
            Listing Overview

            General:

            1311 24 Wellesley Street West is a condo apt apartment, located in Bay Street Corridor of city of Toronto, Toronto region, near Bay / Wellesley, and has been available for sale on ITRealty since 2019-11-19. This unit is located at level 13 of the building and has South-West exposure of Wellesley W St. Condo registry office is MTCC, corporation number 972.

            Lot Size and Living Area:

            1311 24 Wellesley Street West has 4+1 rooms in total, including 2+1 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 1000-1199 square feet.
            1.0 parking space(s) are owned and located undergrnd at level P3 . 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 possible sellers motivation indicators: Flexible Possession.

            Price & Cost Overview

            General:

            1311 24 Wellesley Street West condo apt is listed for $988,000. Property tax for year 2019 was $3,366. And the monthly maintenance fee was $956.

            Comparative Market Analysis:

            There are similar 2+1 bedr condo apt recently sold for an average Time Adjusted Selling Price of $901,423.
            Visit a customized Comparative Market Analysis page for more details.

            Mortgage and Other Expenses:

            Your monthly mortgage payments will be $3,707, and total expenses, including the mortgage, property tax and maintenance, fee around $4,067, assuming $988,000 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
            Use our Mortgage and Investment Calculator, customized especially for 1311 24 Wellesley 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 $9,900 if you buy this condo apt with ITRealty.
            Check if you qualify.

            Location Overview

            General:

            Bay Street Corridor, where 24 Wellesley Street West is located, has $849,661 Home Price Index, and $2,814 Home Rent Index. Average household income at dissemination area of 24 Wellesley Street West is $45,248, and average polulation age is 34 years old.
            Average Home Price Index among 142 evaluated neighborhoods in city of Toronto is $959,934, and average Home Rent Index $2,638.

            Similar Properties & Community Details:

            There are similar to 1311 24 Wellesley 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 24 Wellesley Street West.
            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.

            Walkscore, Transitscore, and Bikescore:

            With Walkscore, Transitscore, and Bikescore of 99, 100, and 74 accordingly, location of 24 Wellesley Street West overall can be described as Walker's Paradise, Rider's Paradise, and Very Bikeable.

            1311 24 Wellesley Street West Listings History Powered By AIDA
            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 (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 17 to 21 properties like that to be sold in Bay Street Corridor during the next 30 days.
            Seasonal sales fluctuation is showing 8% inventory increase comparing to the average annual number, which is equvalent to 17.67 properties sold per month, and -13% decline comparing to the last six months.
            How soon it can be sold?
            This property has been on the market for 20 days, which is 11 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 5% D.O.M. increase comparing to the average annual number, which is equvalent to 29 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 1.51% below 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 C4637480 Comparative Market Analysis

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