60 HOMEWOOD AVE. NO. 309, TORONTO
ASKING PRICE $304,000
SELLING PRICE $300,000
PREVIOUS SELLING PRICE $226,000 (2006); $116,000 (1998); $98,500 (1994)
TAXES $1,802 (2011)
DAYS ON THE MARKET 37
CO-OP AGENTS Irene Kaushansky and Philip Brown, Keller Williams Advantage Realty
The Action: Earlier this year, suites in L’Esprite residence downtown sold rather quickly, but a lull in activity over the summer allowed agents Irene Kaushansky and Philip Brown to negotiate the price of this one-bedroom plus solarium suite down to $300,000 for the new owner.
What They Got: On the third floor of an established low-rise building, this roughly 730-square-foot unit was outfitted with ceramic floors in the foyer and kitchen, reclaimed hardwood flooring in the remaining rooms and custom wood blinds in the solarium and adjacent living and dining area.
Conveniences include laundry facilities, new kitchen appliances and bathroom fixtures, plus a locker and parking.
There is a monthly fee of $493 that covers the cost of utilities and operation of amenities, like a gym, indoor pool and rooftop tennis court and track.
The Agent’s Take: “[The buyers]were looking for an affordable, yet big condo within walking distance to their workplace at Yonge and Gerrard,” agent Philip Brown says.
“For that whole area, to find anything even around the $300,000 mark is pretty rare, so we saw an opportunity – because this had been on the market for a few weeks – to go in and be a little more aggressive with an offer than the market normally allows.”