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How much would you pay for a Bay Street condo with poor views? Add to ...

BAY AND BLOOR

1055 Bay St., No. 1213, Toronto

ASKING PRICE $259,900

SELLING PRICE $259,900

PREVIOUS SELLING PRICE $155,000 (2006); $81,000 (1994)

TAXES $1,512 (2011)

DAYS ON THE MARKET 17

LISTING AGENT Boris Kholodov, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

THE ACTION: This one-bedroom suite at the Polo Club was originally listed at $274,900, but the view-deadening presence of a nearby office building likely keep most buyers away. So the following week, the price was dropped to $259,900 and the highest of two bids registered simultaneously was accepted.

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WHAT THEY GOT: On the 12th floor of a two-tower highrise community built in the late 1980s, this 461-square-foot suite features ceramic tile floors and backsplashes for easy cleaning in the kitchen and broadloom carpeting for comfort in the master bedroom and combined living and dining area.

A three-piece bathroom and five appliances, including laundry machines, round out the unit, which also comes with a locker, parking and monthly fees of $338 that covers the cost of utilities, cable and recreational facilities.

Urban amenities in the vicinity range from Yorkville boutiques, bistros and galleries to hospitals and university campus grounds.

THE AGENT’S TAKE: “This is likely the smallest unit with the most undesirable view in this building,” says agent Boris Kholodov. “So what it does offer is the right location and the right carrying cost for a first-time buyer that is looking for a compact suite close to work and all the amenities nearby.”

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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