7 Erie Ave 506
Brantford, N3S 2E7
FOR SALE
$399,000
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Property Description
We are thrilled to announce the availability of the Grand Bell boutique condo building in the heart of Brantford, offering a prime location overlooking the Grand River. This modern open concept layout is just a short distance from Laurier University and a newly constructed Plaza featuring popular brand stores like Tim Hortons, Dollarama, Freshco Grocery Store, the Beer Store, and various restaurants. The neighborhood is rapidly developing with exciting facilities on the horizon. Residents can indulge in a range of building amenities including a gym, garden, and visitor parking. Whether you're an end user or an investor, this condo presents a fantastic opportunity at an unbeatable price. Don't miss out on the chance to be a part of this vibrant community!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-12 | 2024-09-19 | 69 | $489,900 | - | Terminated |
| 2022-09-27 | 2022-12-20 | 84 | $2,050 | - | Terminated |
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$3,015 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Fan Coil
Heat Source
Other
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Owned
Garage Type
Surface
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Brantford Market Statistics
Brantford Price Trend
7 Erie Ave 506 is a 2-bedroom 2-bathroom condo listed for sale at $399,000, which is $41,000 (9.3%) lower than the average sold price of $440,000 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 2 bedroom condo in Brantford increased by $60,000 (15.8%) compared to the previous 30 day period (September 24 - October 23) and up $100,000 (29.4%) from the same time one year ago.Inventory Change
There were 3 2-bedroom condos listed in Brantford over the last 30 days (October 24 - November 22), which is down 50.0% compared with the previous 30 day period (September 24 - October 23) and up 50.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Brantford typically sold ($39,000) (8.9%) below asking price over the last 30 days (October 24 - November 22), which represents a $29,050 decrease compared to the previous 30 day period (September 24 - October 23) and $100 less 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 Brantford over the last 30 days (October 24 - November 22) stood at 33.3%, down from 33.3% over the previous 30 days (September 24 - October 23) and down from 150.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Brantford stood at 49 days when successfully sold over the last 30 days (October 24 - November 22), compared to 44 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Gold Realty Inc.
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