KENSINGTON MARKET REAL ESTATE ACTIVITYfrom JANUARY 1 2016Neighbourhood, College-Dundas, Spadina-Bathurst

Patricia Katz, Broker with Sutton Group-Associates
Direct: 416-879-2094
patriciakatzrealestate@gmail.com

KENSINGTON MARKET LOFTS on BALDWIN & NASSAU
IN 2016

 

Solds in 160 Baldwin St.

• 3rd floor, 1 bedroom:                   sold $550,000
• 3rd floor, 1 bedroom + den          sold $739,000
• 4th floor, 2 bedroom:                   sold $649,500

Solds in 21 Nassau St.

• 2 bedroom townhouse, main street level:                            sold $700,000
• 2 bedroom townhouse, main street level:                            sold $810,000
• 1 bedroom townhouse, main street level:                            sold $600,000

Currently for sale in Kensington Market Lofts as of Sept. 2016

• 21 Nassau 2nd floor, 1 bedroom:  for sale @ $384,900 POS
• 21 Nassau 2nd floor 1 bedroom:   for sale @ $440000

UNIT currently for sale @ 297 College St 

• 6
  th floor, 1 bedroom: for sale @ $399,000

LOFTS in Market currently available for rent in 2016 

• Baldwin 4th floor: 1 bedroom      available for $3095/month
• Baldwin 4th floor: 1 bedroom      available for $3395/month

LOFTS Leased in Baldwin & Nassau in 2016

• Baldwin 5th floor: 1 bedroom     leased for $2020/month
• Baldwin 4th floor: 2 bedrooms    leased for $3200/mo

UNITS Leased on College St. in 2016

• 335 College bahelor                            leased for $1300/mo
• 335 College bachelor                          leased for $1400/mo
• 297 College, 10 floor 1+1 bedroom      leased for $1800/mo
• 297 College, 11th floor 1+1 bedroom   leased for 1850/mo

UNITS currently available for rent in 2016 on College St.

• 297 College - 0 - 499 sq ft          available @ /mo
• 297 College - 500 - 599 sq ft     all available @ $1750/mo
• 335 College - up to 499 sq ft     all available from $1400 - $1600/mo
• 335 College - 500 - 599 sq ft     all available @ $1800/mom

UNITS Leased on Oxford St. in 2016

• 2nd floor, 2 bedroom     leased for $1975/mo
• 3rd floor, 2 bedroom      leased for $1800/mo
• 5th floor   1 bedroom     leased for $1975/mo

• Patricia @ patriciakatzrealestate@gmail.com
• Direct: 416-879-2094

Some analysts predict condo prices to rise because:

• limit in supply of resale & new inventory listings
• low interest rates
• Greenbelt surrounding GTA limits new housing construction (like Manhattan on an island)
• freehold houses are unafordable for first time buyers
• some condos are experiencing bidding wars
• condo developers charging $40,000 - $60,000 for 1 parking spot
• some new condos are not allowing buyers of studio and 1 bedroom condos to purchase parking unless some are remaining from purchases of larger units
• government wants developers to increase space for bicycles and extra storage
• condo selling prices have increased in Toronto over the year by 10%
• new condos averaging $700/sq ft
• many buyers now accepting idea of condo maintenance fees as maintenance costs of houses, especially older ones, are steadily increasing

The Toronto Real Estate Board Reports the following in the GTA: 
"Similar to the low-rise freehold market segments for houses, the growth in condo sales is outstripping growth in condo listings this year. Sellers' market conditions exist for condominium apartments in many parts of the GTA including Toronto's downtown core. This is why we are seeing average price growth above the rate of inflation". Jason Mercer, TREB's Director of Market Analysis.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
FREEHOLD SOLDS IN 2016

• Augusta Ave. semi mixed use:       sold $1,080,000
• Dundas St. W. townhouse:             sold $738,000
• Hickory St. semi:                            sold $915,000
• Kensington Ave. attached:             sold $1,068,000
• Lippincott St., towhouse:               sold $720,000
• Nassau St. attached:                       sold $935,000
• Nassau St. semi:                              sold $1,020,600
• Nassau St. attached:                       sold $1,088,000
• Nassau St. detached:                      sold $1,268,000
• Nassau St. semi:                              sold $1,390,000
• Oxford St. townhouse:                   sold $1,200,000
• Oxford St. townhouse:                   sold $1,300,000

PROPERTIES CURRENTLY FOR SALE in 2016:

• Augusta Ave. commercial/residential:    asking $1,299,000
• Augusta Ave. commercial/residential:    asking $2,389,000
• Augusta Ave. commercial                        asking $1,750,000
• Baldwin Ave. store & apt:                       asking $2,199,999
• Dundas St. W. attached:                          asking $699,999
• Dundas St. W. attached:                          asking $879,900
• Nassau St. redevelopment site:               asking $2,438,888
• Oxford St. duplex:                                   asking $1,599,000

RENTALS CURRENTLY AVAILABLE

• Oxford St., main floor:                        asking $2750/mo

SPACES LEASED:

• Lippincott St.:  $1400 - $2650

for detailed information, contact Patricia 

Direct: 416-879-2094

patriciakatzrealestate@gmail.com