116-24 Grosvenor Lane

116-24 Grosvenor Lane is a condo located in Kew Gardens, Richmond Hill. The building was first built in 2005 and is 19 years old. The lot that the building was built on is 80 feet wide and 200 feet long. The official lot area is listed as 19,503 square feet. In total, 116-24 Grosvenor Lane has a total floor area of 84,143 square feet. Of that, 56,411 square feet are used for residential purposes. About 27,732 square feet of the building are used for commercial purposes. There are a total of 63 units. Of those, 59 are residential units. There are 4 commercial units. 116-24 Grosvenor Lane has a total of 17 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For those who love to work out, there is a fitness center. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 179 closings on record, of which we have matching data for 17 listings. In the past 3 years, a listing in this building will typically remain on the market for about 215 days and tend to sell below the original asking price of $549,000 by 5.38%. Meaning, listings tend to sell at a median of $635 price per square foot. The transaction that took the longest to complete was unit 3A, listed on Aug 08, 2018 for $610,000. This particular unit ultimately sold 334 days later for $530,000. The most recent transaction was for unit 12D, which was first advertised on Feb 13, 2023, sold for $570,000 on Oct 17, 2023. Fun fact, the oldest transaction we have on record took place on Jun 30, 1992. See the full transaction history for 116-24 Grosvenor Lane below.

Kew Gardens, where 116-24 Grosvenor Lane is located, has a median asking price of $666,880 for condo buildings. Meanwhile, the building itself has a median asking price of $549,000. For interested buyers, that means the building's median asking price is around 0.18% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 4 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $695,000. It is a 3 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $518,000. It is a 2 bedroom and 1 bathroom unit. A breakdown of active listings shows no studio, no one-bedroom, 2 two-bedroom, 2 three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $587,500. Active units for sale at 116-24 Grosvenor Lane are mostly 2.5-bedroom apartments Active units for sale at 116-24 Grosvenor Lane have a median count of 2.5 bedrooms and have a median count of 1.5 bathrooms.