Toronto Real Estate News: The Weir Team takes a look at property values and average selling prices for condos at 35 Balmuto Street, The Uptown Condominium Residences
The Weir Team has had years of wonderful success in Bloor Yorkville real estate. Cameron Weir and Scott Hanton continue to be proud owners of condos in this increasingly exciting and valuable neighbourhood, just steps from Yonge Bloor subway station.
Property values of resale condos in this area of downtown Toronto are clearly of paramount importance as it certainly would be to owners and investors at The Uptown Residences, 35 Balmuto Street. The last few years have seen a sporadic increase and decrease in average selling prices as you’ll see below.
When you’re looking to sell or purchase a condo on Balmuto Street or in the Yonge and Bloor neighbourhood, make sure to call Scott or Cameron. Our years of experience is exactly what you’ll need.
Here’s a look at some recent condos we’ve sold in the Bloor-Yorkville area:
Some of our more favourite transactions occurred helping buyers, sellers, landlords, tenants and investors on the dramatically changed Balmuto Street.
Balmuto Street has undergone tremendous change with the arrival of two very different condo towers. Just steps from the Manulife Centre and all the best of Yorkville and Bloor Street’s so-called Mink Mile of shopping, resale condos on Balmuto Street have done very well.
35 Balmuto is home to 248 suites on 48 levels. There is a wealth of variety in floor plans at this prestigious address. The amenities and huge gym are fabulous and enjoyed by all residents.
Let’s zero in and take a closer look at actual selling prices and property values, year-over-year at 35 Balmuto Street. These are average selling prices, excluding storage lockers and using comparable resale condo suites with similar square footage.
2015 – 20 condos sold at 35 Balmuto Street, The Uptown Residences
2014 – 33 condos sold at 35 Balmuto Street
2013 – 39 condos sold at 35 Balmuto Street
2012 – 21 condos sold at 35 Balmuto Street
2015 – 1 bedroom, no parking ($417,063)
2014 – 1 bedroom, no parking ($419,500)
2013 – 1 bedroom, no parking ($417,150)
2012 – 1 bedroom, no parking ($392,833)
2015 – 1 bedroom plus den, no parking ($527,950)
2014 – 1 bedroom plus den, no parking ($511,900)
2013 – 1 bedroom plus den, no parking ($506,083)
2012 – 1 bedroom plus den, no parking ($509,167)
2015 – 2 bedrooms, 2 bathrooms, with parking ($643,500)
2014 – 2 bedrooms, 2 bathrooms with parking ($651,173)
2013 – 2 bedrooms, 2 bathrooms with parking ($636,417)
2012 – 2 bedrooms, 2 bathrooms with parking ($663,556)
Remember there are all sorts of factors that determine the value of your specific suite. The numbers above are only general averages. Let us know if you’d like to see specifics on exposure, views, level, locker, square footage, etc.
For superior service and terrific real estate results make sure to contact Scott Hanton or Cameron Weir to find out just how profitable we can make your move on Balmuto Street or with any Bloor Yorkville real estate. Whether pre-construction or resale condos, The Weir Team loves being the first and best choice for many real estate sellers and buyers. We have years of experience and a very long list of very happy clients.
Written by Scott Hanton, real estate broker for The Weir Team