1510 - 50 Power St

$599,0002 bds2 ba0 pk638 sqft

For SaleHome Power + Adelaide Condos

4.7

42 Days on Strata

$599,000

Price Cut: $629,000

2 Beds

2 Bath

0 Parking

638 SQFT

Listing History

Property Type:

Condo

Maintenance Fees:

$449/mth

Taxes:

$2,682 (2024)

Cost Per Sqft:

$939/sqft

Locker:

None

Outdoor Space:

Balcony

Exposure:

East

Possession Date:

February 28, 2025

Laundry:

Main

About this Listing

ATTENTION INVESTORS & FIRST-TIME BUYERS! This modern 1+Den at 50 Power St is a cash flow machine , leased for $3,000/month! Priced aggressively at $599,000 to generate interest. Schedule your showing today before it's gone! 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.

ExtrasIncludes all Chattels and Fixtures, Including Stove, Dishwasher, Microwave, Oven, Fridge and all Lighting.

strata real estateMLS® #C11985966

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

Amenities

Rec Room

Media Room

Concierge

Outdoor Pool

Bike Storage

Games Room

Gym Room

Party Room

Indoor Parking

Rooftop Deck

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

Primary

Laminate, 3 Piece Ensuite, Double Closet

10.6 x 8.27ft

Buyer's Market

Balanced

Seller's Market

Similar Listings

Explore Corktown - Toronto

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.

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

Average Household Income

$102,581

Dominant Housing Type

High Rise Apartment

Population By Age

0 - 14

14%

15 - 19

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+

$125,000+

Housing Types & Tenancy

High Rise Apartment

47%

Detached

33%

Semi Detached

10%

Duplex

Low Rise Apartment

Marital Status

Commute

Languages (Primary Language)

Other

74%

Mandarin

10%

Cantonese

Arabic

Tagalog

Telugu

Hindi

Spanish

Education

University and Above

40%

High School

23%

College

15%

None

14%

Apprenticeship

University Below Batchelor

Major Field of Study

Business Management

25%

Architecture & Engineering

22%

Health & Related Fields

11%

Math & Computer Sciences

10%

Social Sciences

Physical Sciences

Humanities

Education

Visual & Performing Arts

Personal, Protective & Transportation Services

Agriculture & Natural Resources

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

Days on Strata

based on recent sales

List vs Selling Price

On average, these condos sell for

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

-7%

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

Units were Sold over the past twelve months

Rented Units

115

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 Home Power + Adelaide Condos

	Studio	1 Bed	1 Bed + Den	2 Bed	2 Bed + Den	3 Bed	3 Bed + Den
Price Range	No Data	$455,000 - $560,000	$540,000 - $558,000	$580,000 - $860,000	No Data	$878,000 - $1,100,000	No Data
Avg. Cost Per Sqft	No Data	$956	$884	$1,013	No Data	$908	No Data
Price Range	No Data	$2,000 - $2,300	$2,100 - $2,500	$2,400 - $3,500	$2,900 - $4,200	$3,750 - $4,500	$3,050 - $3,800
Avg. Wait for Unit Availability	No Data	65 Days	92 Days	43 Days	108 Days	105 Days	No Data
Avg. Wait for Unit Availability	No Data	14 Days	10 Days	6 Days	20 Days	43 Days	70 Days
Ratio of Units in Building	1%	16%	23%	39%	13%	8%	3%