1029 KING ST. W., NO. 829, TORONTO
ASKING PRICE $349,900
SELLING PRICE $345,000
TAXES $2,436 (2011)
DAYS ON THE MARKET 16
LISTING AGENT Boris Kholodov, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division
The Action: This one-bedroom penthouse in King West was explored by more than 30 groups, including some who made low-ball offers before a deal was finally secured for $345,000.
What They Got: On the south side of a nine-year-old mid-rise, called Electra Lofts, this 770-square-foot suite has two floors of loft-like living space plus a rooftop terrace above.
The main floor displays wood floors in the open kitchen and dining area, as well as double height windows and a Juliet balcony off the living space.
Less glamorous, but essential features include a walk-in closet in the carpeted bedroom on the second floor, a four-piece bathroom and en suite laundry facilities, plus a locker and underground parking.
There is a monthly fee of $470, which includes utility costs and operation of fitness and recreation rooms.
The Agent’s Take: “This is a very interesting property because it’s located at the top of that section of the building, which means it offers access to a private terrace on the roof, which few properties in the city in this price range have,” says agent Boris Kholodov.
“It’s a no frills building without many amenities, which keeps the maintenance fees affordable, which is what today’s buyer generally prefers.”
