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    Toronto / Downtown / Corktown - Toronto

    1510 - 50 Power St

    For SaleHome Power + Adelaide Condos
    5.0
    $629,000
    2 Beds
    2 Bath
    0 Parking
    637 SQFT
    12 Days on Strata

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Property Type:
    Condo
    Maintenance Fees:
    $449/mth
    Taxes:
    $2,682 (2024)
    Cost Per Sqft:
    $987/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    East
    Possession Date:
    February 28, 2025
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    No Data
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Combined with Living, Open Concept
    20.08 x 10.5ft
    Kitchen
    Built-in Appliances, Quartz Counter, Backsplash
    20.08 x 10.5ft
    Prim Bdrm
    Laminate, 3 Piece Ensuite, Double Closet
    10.6 x 8.27ft

    About this Listing

    The Perfect opportunity in Downtown Toronto! Bright and modern, this 2-bedroom, 2-bathroom unit features stunning floor-to-ceiling windows and a well-designed layout. Currently tenanted at $3,000/month until October 1st, this is a fantastic investment opportunity with immediate rental income. Whether you're an investor looking for steady cash flow or a future end-user, this unit offers incredible value. Enjoy access to premium amenities, including an artists workspace, fitness and yoga studio, event room with a caterers kitchen, meeting room and lounge, games room, outdoor pool, steam rooms, community garden, outdoor grills, and a cozy fireplace. Located in one of Torontos most vibrant neighbourhoods, with TTC at your doorstep. Buyer must assume the existing tenancy until completion on October 1st, 2025.

    strata real estateMLS® #C11985966

    Amenities

    Indoor Parking
    Bike Storage
    Media Room
    Rec Room
    Gym Room
    Games Room

    Explore Neighbourhood

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    9/10
    Bikeability
    Pedal paradise! You might as well have wheels for feet.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    11,959
    Average Individual Income
    $60,766
    Average Household Size
    3 persons
    Average Age
    44
    Average Household Income
    $102,581
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    26%
    35 - 49
    19%
    50 - 64
    18%
    65+
    18%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    25%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    2%
    Housing Types & Tenancy
    High Rise Apartment
    47%
    Detached
    33%
    Semi Detached
    10%
    Duplex
    5%
    Low Rise Apartment
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    10%
    Cantonese
    9%
    Arabic
    2%
    Tagalog
    2%
    Telugu
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    40%
    High School
    23%
    College
    15%
    None
    14%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    22%
    Health & Related Fields
    11%
    Math & Computer Sciences
    10%
    Social Sciences
    9%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    Home Power + Adelaide Condos vs The Corktown - Toronto Area

    Building Trends At Home Power + Adelaide Condos

    Days on Strata

    Units at Home Power + Adelaide Condos spend an average of
    45
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Corktown - Toronto

    Turnover of Units

    On average, each unit is owned for
    4.8
    YEARS before being sold again

    Property Value

    -8%
    Decrease in property value within the past twelve months

    Price Ranking

    12th
    Highest price per SQFT out of 19 condos in the Corktown - Toronto area

    Sold Units

    22
    Units were Sold over the past twelve months

    Rented Units

    113
    Units were Rented over the past twelve months

    Best Value Rank

    Home Power + Adelaide Condos offers the
    ?
    best value out of 19 condos in the Corktown - Toronto neighbourhood

    Appreciation Rank

    Home Power + Adelaide Condos has the
    ?
    highest ROI out of 19 condos in the Corktown - Toronto neighbourhood

    Rental Yield

    Home Power + Adelaide Condos yields the
    ?
    highest rent prices out of 19 condos in the Corktown - Toronto neighbourhood

    High Demand

    Home Power + Adelaide Condos is the
    ?
    most popular building out of 19 condos in the Corktown - Toronto neighbourhood

    Transaction Insights at 48 Power Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo Data$455,000 - $560,000$540,000 - $558,000$580,000 - $860,000$830,000$878,000 - $1,100,000No Data
    Avg. Cost Per SqftNo Data$955$881$1,009$1,010$907No Data
    Avg. Wait for Unit AvailabilityNo Data65 Days92 Days43 Days108 Days105 DaysNo Data
    Ratio of Units in Building1%17%23%39%14%8%3%

    Transactions vs Inventory

    Total number of units listed and sold in Corktown - Toronto