172 Eighth St 507

FOR SALE
$429,000
172 Eighth St 507, Collingwood
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
172 Eighth St 507
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
7
ROOMS
S11919037
MLSID
Contact Us
Property Description
The Galleries is on of Collingwood's most sought after condo developments. It offers much more than most other developments in the town, including: a live-in manager; underground parking; overnight guest suite; community room and library; fitness centre with sauna; guest parking; in building mail boxes; storage unit; landscaped grounds and inviting lobby area and outdoor sitting areas. Unit 507 has 2 spacious bedrooms, open concept living, dining and kitchen areas and a large south facing balcony. The condo has a separate laundry room. The condo fees include the heating and air conditioning costs, water charges and a dedicated underground parking spot. The town bus route is conveniently located nearby. The Galleries is a wonderful place to call home!
Property Features
Public Transit, School
Property Details
Street
Community
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$2,816 (2024)
Basement
None
Exterior
Stucco/Plaster
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Exclusive
Garage Type
Underground
Collingwood Market Statistics
Collingwood Price Trend
172 Eighth St 507 is a 2-bedroom 1-bathroom condo listed for sale at $429,000, which is $79,000 (22.6%) higher than the average sold price of $350,000 in the last 30 days (December 15 - January 13). During the last 30 days the average sold price for a 2 bedroom condo in Collingwood declined by $49,900 (12.5%) compared to the previous 30 day period (November 15 - December 14) and down $585,000 (62.6%) from the same time one year ago.
Inventory Change
There were 8 2-bedroom condos listed in Collingwood over the last 30 days (December 15 - January 13), which is down 88.1% compared with the previous 30 day period (November 15 - December 14) and up 166.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Collingwood typically sold ($6,550) (1.9%) below asking price over the last 30 days (December 15 - January 13), which represents a $2,450 increase compared to the previous 30 day period (November 15 - December 14) and ($60,000) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in Collingwood over the last 30 days (December 15 - January 13) stood at 250.0%, up from 22.4% over the previous 30 days (November 15 - December 14) and up from 33.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Collingwood stood at 49 days when successfully sold over the last 30 days (December 15 - January 13), compared to 91 days before being removed from the market upon being suspended or terminated.
Listing contracted with Engel & Volkers Toronto Central
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