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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# W4914827

            $1,900
            1br 1ba 500-599sf

            Water

            Y

            Heating

            Y

            Hydro

            N

            Parking

            Y

            Laundry

            In Area

            WalkScore

            24

            TransitScore

            31

            Compare$1,858

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

            AIMHOME REALTY INC., BROKERAGE

            Learn more about this property:
            MLS# W4914827 Listing Details
            Among all comparable properties rented in condo located at 2490 Old Bronte Road in Palermo West in Oakville from Jan 2017 to Sep 2020, after adjusting rental rates accordin to market conditions at the time of sale, AIDA has calculated that:
            Minimum Rent Adjusted was:

            $1,691

            Maximum Rent Adjusted was:

            $1,951

            AIDA's ESTIMATE (based on 5 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 ($1,900) 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 5 comparable properties rented out in condo located at 2490 Old Bronte Road in Palermo West in Oakville from Jan 2017 to Sep 2020

            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 SpacesSold PriceTime Adj %Time Adj Price
            2017-05-05***1102490 Old Bronte RdW500-5991+0 • 11.0$1,30030.04%***
            2017-05-05***2202490 Old Bronte RdW500-5991+0 • 11.0$1,50030.04%***
            2017-08-24***7212490 Old Bronte RdW500-5991+0 • 11.0$1,55021.35%***
            2017-10-23***8162490 Old Bronte RdW500-5991+0 • 11.0$1,60017.28%***
            2019-04-10***8172490 Old Bronte RdW500-5991+0 • 11.0$1,7756.56%***

            Palermo West, Oakville Sales History More

            Palermo West, Oakville: Overall Sales Statistics for Condos
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Sales Statistics
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Rent Statistics
            Palermo West, Oakville: Detailed Sales & Rent Statistics for Condos
            Listing Overview

            General:

            625 2490 Old Bronte Road is a condo apt apartment, located in Palermo West of city of Oakville, Halton region, near Dundas/ Bronte Rd, and has been available for lease on ITRealty since 2020-09-16. This unit is located at level 6 of the building and has South-East exposure of Old Bronte Rd. Condo registry office is HSCC, corporation number 680.

            Lot Size and Living Area:

            625 2490 Old Bronte Road 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 500-599 square feet. 2490 Old Bronte Road building was built appriximately 0-5 years ago. The locker is owned. in area laundry is located on main level.

            Heating and Cooling:

            The condo heat source is Other, the heat type is Fan Coil and air-conditioning is Central Air.

            Listing Features:

            This condo is featuring Hospital, Library, Park, Public Transit, Rec Centre, School Bus Route at, or near the property.
            AIDA has also found the following features: Open Concept, Currently Leased, and possible sellers motivation indicators such as Listing Ad says Motivated Seller.

            Price & Cost Overview

            General:

            625 2490 Old Bronte Road condo apt is listed for $1,900.

            Comparative Market Analysis:

            There are similar 1+0 bedr condo apt recently sold for an average Time Adjusted Selling Price of $1,858.
            Visit a customized Comparative Market Analysis page for more details.

            Location Overview

            General:

            Palermo West, where 2490 Old Bronte Road is located, has $935,879 Home Price Index, and $2,560 Home Rent Index. Average household income at dissemination area of 2490 Old Bronte Road is $140,117, and average polulation age is 36 years old.
            Average Home Price Index among 14 evaluated neighborhoods in city of Oakville is $1,167,140, and average Home Rent Index $3,124.

            Similar Properties & Community Details:

            There are similar to 625 2490 Old Bronte Road 1 bedr condo apt condos listed For Sale and For Rent in city of Oakville.
            Learn about the prices of Recently Sold Condos and Recently Rented Condos near 2490 Old Bronte Road.
            You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Palermo West neighborhood in city of Oakville.

            Walkscore, Transitscore, and Bikescore:

            With Walkscore, Transitscore, and Bikescore of 24, 31, and 72 accordingly, location of 2490 Old Bronte Road overall can be described as Car-Dependent, Some Transit, and Very Bikeable.

            625 2490 Old Bronte Road Listings History Powered By AIDA
            Palermo West, Oakville 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 Oakville 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 (57 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 get rented?
            You may expect 2 to 3 properties like that to be sold in Palermo West during the next 30 days.
            Seasonal sales fluctuation is showing -22% inventory decline comparing to the average annual number, which is equvalent to 3.42 properties sold per month, and -6% decline comparing to the last six months.
            How soon it can be sold?
            This property has been on the market for 11 days, which is 2 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 -13% D.O.M. decrease comparing to the average annual number, which is equvalent to 15 D.O.M., and -10% decrease comparing to the last six months indicating growing demand for this type of properties within this price range.
            At what price it can be sold?
            Similar properties currently sell very close to its asking price in Palermo West.
            The selling to asking price ratio is not changing, as this housing type demand remains stable in Palermo West.
            This property has been on the market for less than average number of days it takes a home to sell in Palermo West (13.3) .
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS W4914827 Comparative Market Analysis

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