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

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            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# C4914968

            $9,700 Cashback
            $649,500
            1br 1ba 500-599sf

            Prop Tax

            $2,128

            Condo Fee

            $383

            Exposure

            E

            Mortg/m

            $ calculator

            WalkScore

            92

            Compare$615,837

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

            RE/MAX METROPOLIS REALTY, BROKERAGE

            Learn more about this property:
            MLS# C4914968 Listing Details
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            Please try another property, or contact us for manual home price evaluation.

            Listing Overview

            General:

            605 51 Lower Simcoe Street is a condo apt apartment, located in Waterfront Communities C1 of city of Toronto, Toronto region, near Lower Simcoe / Bremner Blvd, and has been available for sale on ITRealty since 2020-09-16. This unit is located at level 5 of the building and has East exposure of Lower Simcoe St. Condo registry office is TSCC, corporation number 1928.

            Lot Size and Living Area:

            605 51 Lower Simcoe Street 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.
            1.0 parking space(s) are owned and located undergrnd at level D-12 . 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: Waterfront/Near a Lake, Swimming Pool, and possible sellers motivation indicators such as Listing Ad says Motivated Seller.

            Price & Cost Overview

            General:

            605 51 Lower Simcoe Street condo apt is listed for $649,500. Property tax for year 2020 was $2,129. And the monthly maintenance fee was $384.

            Comparative Market Analysis:

            There are similar 1+0 bedr condo apt recently sold for an average Time Adjusted Selling Price of $615,837.
            Visit a customized Comparative Market Analysis page for more details.

            Mortgage and Other Expenses:

            Your monthly mortgage payments will be $2,437, and total expenses, including the mortgage, property tax and maintenance, fee around $2,646, assuming $649,500 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
            Use our Mortgage and Investment Calculator, customized especially for 605 51 Lower Simcoe Street, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

            Buyer Cashback:

            You may be eligible for a Buyer Cashback up to $9,700 if you buy this condo apt with ITRealty.
            Check if you qualify.

            Location Overview

            General:

            Waterfront Communities C1, where 51 Lower Simcoe Street is located, has $793,177 Home Price Index, and $2,477 Home Rent Index. Average household income at dissemination area of 51 Lower Simcoe Street is $76,851, and average polulation age is 30 years old.
            Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,040,620, and average Home Rent Index $2,587.

            Similar Properties & Community Details:

            There are similar to 605 51 Lower Simcoe Street 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 51 Lower Simcoe Street.
            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 92, 100, and 87 accordingly, location of 51 Lower Simcoe Street overall can be described as Walker's Paradise, Rider's Paradise, and Very Bikeable.

            605 51 Lower Simcoe Street Listings History Powered By AIDA
            Waterfront Communities C1, 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 (98 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 104 to 128 properties like that to be sold in Waterfront Communities C1 during the next 30 days.
            Seasonal sales fluctuation is showing 20% inventory increase comparing to the average annual number, which is equvalent to 96.33 properties sold per month, and 29% increase comparing to the last six months.
            How soon it can be sold?
            This property has been on the market for 10 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 8% D.O.M. increase comparing to the average annual number, which is equvalent to 17 D.O.M., and 11% 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 Waterfront Communities C1.
            The selling to asking price ratio is declining in Waterfront Communities C1.
            This property has been on the market for less than average number of days it takes a home to sell in Waterfront Communities C1 (18.3) .
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS C4914968 Comparative Market Analysis

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