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Done Deal, 37 Grosvenor St., Toronto
Done Deal, 37 Grosvenor St., Toronto

Buyers undeterred by building repairs Add to ...

37 GROSVENOR ST., NO. 2310, TORONTO

ASKING PRICE $428,800

SELLING PRICE $422,000

TAXES $1,757 (2011)

DAYS ON THE MARKET Fourteen

LISTING AGENT Christopher Kowal, Royal LePage Urban Realty

The Action: About two dozen buyers signed up for private showings of this one-bedroom plus den suite, despite the fact that all the building’s balconies were closed off for repairs after some glass panes had shattered.

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What They Got: On the 23rd floor of the Murano high-rise, which was built a few years ago, this south-facing unit was outfitted with luxury appointments, such as nine-foot ceilings, wood floors, granite kitchen counters and stainless steel appliances.

Like other models above and below it, this place was laid out with open living, dining and cooking areas, as well as a balcony more than 21 feet wide and four feet deep off the bedroom.

The unit comes with a four-piece bathroom, stacked laundry machines and a locker, but no parking. However, there are guest suites and visitor parking on site.

Monthly fees are $315, including the cost of water and heating, along with the upkeep of a gym, running track and indoor pool with a retractable roof, as well as a library and party, media, billiards and massage rooms.

THE AGENT’S TAKE: “It’s close to the hospitals, U of T, the Financial District and Bloor Street shopping. It’s very centrally located,” says agent Christopher Kowal, who decluttered and rearranged the suite furnishings to entice buyers to venture inside.

“After staging, we still managed to get a fantastic price for this place even with the bad media press the place was getting.”

Other highlights include a modern floor plan. “It wasn’t a large unit – it’s only 620-square-feet – but it was very efficiently laid out,” says Mr. Kowal. “When my clients bought it, he had the builder enclose the den… with a barn door. That can function as a second bedroom, so it also helped bring the price up.”

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