440 Central Ave.
440 Central Avenue
Units46
Floors7
Built1973
Registered as condos1986
Average MLS Selling Price 2022, 1 bedroomSample size (1) too small to report
Average MLS Selling Price 2022, 2 bedroomSample size (1) too small to report
Average MLS Selling Price 2021, 1 bedroom$227,500 (based on 2 MLS sales)
Average MLS Selling Price 2021, 2 bedroomSample size (1) too small to report
Average MLS Selling Price 2020, 1 bedroom$194,000 (based on 3 MLS sales)
Average MLS Selling Price 2020, 2 bedroomSample size (1) too small to report
Average MLS Selling Price 2019, 1 bedroom$177,300 (based on 3 MLS sales)
Average MLS Selling Price 2019, 2 bedroom$170,300 (based on 6 MLS sales)
* Premiums for higher floors
* Premiums for some floor plans (e.g. corner units, larger floor plan, or more windows)
Details:
There is a good reason why this address has the word central in it! A five-minute stroll will put you in Victoria Park feeding the squirrels or taking in one of the many summer festivals there.
Brown brick on the main floor and recently painted upper brick in the colour of beige. A blue coloured covered side entranceway. There are medical offices on the main level and a four storey building attached to it in the eastern side. This building features a party room and a rooftop patio. There are nine units per floor on the second to sixth floor and one unit on the seventh floor. Laundry room is on the 4th level and a locker room on the fifth floor. A mix of one and two bedroom units. Known one bedroom sizes are 481; 627 and 687 square feet and two bedroom units are 621; 700; 800 and 810 square feet. There are window air conditioner sleeves. Two known prices for condo fees in 2022 are $618 per month for a one-bedroom unit and $714 for a two-bedroom unit. The condo fees include things like heat, hydro, roof, doors, windows, water and exterior maintenance. In the past, this building had a number of special assessments. Assigned parking and visitors parking.
It could be said that some people do not like to live in buildings which have mixed residential/medical/commercial uses because of traffic flows into and out of the building during business hours. The additional concern some people may have about condo fees with an older building like this is that going forward, additional special assessments may also be added to the already high condo fees.
In this neighbourhood, 39% of the population is between 20 - 29 and 29% between 30 - 44. Only 8% of the population is 65+. 22% own; 78% rent. Apartments make up 86% of the structural type. 79% of the neighbourhood was built before 1990. 41% of the adult population have university degrees and 89% of the population has English as their dominant language.
Property Manager
Village 519-439-2227