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Annex condo buyer pays $87,100 bonus Add to ...

190 ST. GEORGE ST., NO. 601, TORONTO

ASKING PRICE $689,900

SELLING PRICE $777,000

TAXES $3,893 (2013)

DAYS ON THE MARKET Six

LISTING AGENT David P. Fenster, Royal LePage Real Estate Services Ltd.

The Action: Several suites in this popular Annex building have been sold in bidding wars and this two-bedroom corner unit went the same way, changing hands for $87,100 over the asking price.

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What They Got: This 12-storey condominium was one of the very first built in the Annex in the early 1970s. Each of the residential floors is comprised of six units: all four corners are two-bedroom suites with wraparound terraces and the inside suites being one-bedroom suites with cantilevered balconies.

Hardwood floors lie beneath the broadloom in this 1,084-square-foot suite designed with a combined living and dining room with walkouts to a wraparound balcony that is also accessible from the larger bedroom.

Wet stations consist of an eat-in kitchen, two renovated bathrooms and laundry facilities.

A locker and parking complete this unit, which owes $1,023 monthly for utilities, cable and common gym.

The Agent’s Take: “The building is a very low-key, boutique-type building, and the wraparound terraces are a huge attraction for serious buyers, as well as the cantilevered balconies,” notes Mr. Fenster who sells most units in the building and also resides there.

“The floor-to-ceiling windows [illuminated] the light all day and also allow for the magnificent views from all suites.”

Buyers also liked having some commercial outlets in this mid-rise and more nearby. “The complex is located in the heart of the Annex, steps to two subway lines, Yorkville at your door with all its restaurants and shops,” Mr. Fenster says.

“It’s steps to the University of Toronto and adjacent to Bloor Street West and its multicultural shops.”

Editor's Note: Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale prices that are publicly available from government sources. While we try to publish Done Deals as soon as possible after the transaction has occurred, long closings can cause delays.

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