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Listing data is provided under license from the Toronto Regional Real Estate Board (TRREB). TRREB assumes no responsibility for the accuracy of the information contained herein. Data is updated periodically and may not reflect the most current market activity. Not intended to solicit buyers or sellers currently under contract. MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

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Home/No. 31 Condos/Black Velvet

Black Velvet

Available

$1,173,900

$1,734/sq ft · Resale avg $353/sqft

2 Bed·2.0 Bath·677 sq ft·North·$1,734/sq ft

Bedrooms

2 Bed

Bathrooms

2.0

Size

677 sq ft

Exposure

North

Prev: Sangria3 / 3
Black Velvet Floor Plan at No. 31 Condos - 677 sq.ft
Click to enlarge

Floor Range: 13-23 | Unit Number: 07

Floor Range: 24-41 | Unit Number: 04

Price History

$918K$985K$1.1M$1.1M$1.2MNov 19Oct 23Oct 25

Launch Price

$917,900

$1,356/sq ft

Nov 1, 2019

Current Price

$1,173,900

$1,734/sq ft

▲$256,000 (+27.9%)

Comparable Listings Nearby

Beta

Similar 2 Bed condo units nearby

For Sale4 listings
35 Parliament Street, Unit 314For SaleStrong Match

$599,900

35 Parliament Street, Unit 314

2 Bed2 Bath600-699 sqft
<0.1 km·53d on mkt
35 Parliament Street, Unit 601For SaleStrong Match

$669,000

35 Parliament Street, Unit 601

2 Bed2 Bath700-799 sqft
<0.1 km·45d on mkt
35 Parliament Street, Unit 2308For SaleStrong Match

$986,000

35 Parliament Street, Unit 2308

2 Bed2 Bath700-799 sqft
<0.1 km·52d on mkt
155 Merchants' Wharf, Unit 523For SaleGood Match

$949,000

155 Merchants' Wharf, Unit 523

2 Bed2 Bath800-899 sqft
0.3 km·58d on mkt
For Rent5 listings
155 Merchants' Wharf, Unit 425For LeaseGood Match

$3,850/mo

155 Merchants' Wharf, Unit 425

2 Bed2 Bath800-899 sqft
0.3 km·10d on mkt
155 Merchants' Wharf, Unit 525For LeaseGood Match

$3,750/mo

155 Merchants' Wharf, Unit 525

2 Bed2 Bath800-899 sqft
0.3 km·10d on mkt
155 Merchants' Wharf, Unit 1227For LeaseGood Match

$3,800/mo

155 Merchants' Wharf, Unit 1227

2 Bed2 Bath800-899 sqft
0.3 km·13d on mkt
155 Merchants' Wharf, Unit 1027For LeaseGood Match

$3,900/mo

155 Merchants' Wharf, Unit 1027

2 Bed2 Bath800-899 sqft
0.3 km·19d on mkt
155 Merchants' Wharf, Unit 827For LeaseGood Match

$3,700/mo

155 Merchants' Wharf, Unit 827

2 Bed2 Bath800-899 sqft
0.3 km·40d on mkt

Deposit Structure

Deposit breakdown for this unit priced at $1,173,900

(16% + 2.5%) $5,000.00 On Signing Balance to 5% - 30 days 5% - Jan 1, 2025 2% - Jan 1, 2026 2% - Jan 1, 2027 2% - Jan 1, 2028 2.5% - Occupancy

MilestoneRateAmountCumulativeDue Date
$5,000.00 On Signing$5,000.00$5,000$5,000On Signing
Balance to 5% - 30 daysBalance to 5%$53,695$58,695Jun 2, 2026
5% - Jan 1, 20255%$58,695$117,390Mar 25, 57469
2% - Jan 1, 20262%$23,478$140,868Aug 10, 57496
2% - Jan 1, 20272%$23,478$164,346Dec 28, 57523
2% - Jan 1, 20282%$23,478$187,824May 15, 57551
2.5% - Occupancy2.5%$29,348$217,172At Occupancy
Total Deposit18.5%$217,172

677 sq ft × $0.67/sq ft = $454/mo

Add-ons

Monthly Mortgage (P&I)$4,978
Property Tax (est.)$636
Maintenance Fees$454
Total Monthly Cost$6,068
Est. Rental IncomeBeta−$2,775
Net Monthly Cost−$3,293

Down payment: $234,780 (20%) · Mortgage: $939,120

Estimates only. Property tax rate: 0.65%. Actual rates may vary. Consult a mortgage professional for accurate figures.

Rental estimate based on median of nearby comparable units (beta).

Building Market

For Sale
$353/sqft
1on MLS
202 avg DOM
$124K
Developer
$1,674/sqft
21available
$920K–$1.7M
For Rent
$3.75/sqft
1on MLS
136 avg DOM
$2K

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