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Large Humber Bay penthouse goes for under $1-million Add to ...

2287 LAKE SHORE BLVD. W., NO. 1502, TORONTO

ASKING PRICE $1,099,000

SELLING PRICE $962,000

PREVIOUS SELLING PRICE $999,900 (2005); $610,000 (1999); $495,327 (1995)

TAXES $7,357 (2012)

DAYS ON THE MARKET 60

LISTING AGENT Mara Bossio, Royal LePage Real Estate Services Ltd.

The Action: Given the size of the Grand Harbour community across from Humber Bay Park on the waterfront, identical suites are often listed simultaneously. For instance, this lower penthouse with five terraces sold in two months versus a renovated penthouse that took several years and a drastic price drop.

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What They Got: This lower penthouse has a 3,430-square-foot plan with hardwood floors, crown mouldings, southwest-facing windows and walkouts to terraces from the living and dining rooms, eat-in kitchen, fireside family room and larger of two bedrooms, which also has a gas fireplace and the largest of three bathrooms.

Conveniences entail ensuite laundry facilities, a locker and two parking spots, plus monthly fees of $3,129 to pay for utilities, cable, concierge and amenities in the three-tower community, ranging from a car wash to an indoor pool.

The Agent’s Take: “[To acquire] 3,430 square feet for under $1-million is unheard of and it’s on one level with five terraces, including a huge terrace off the kitchen,” according to agent Mara Bossio.

“The layout of this particular suite is superb … [with] the bedrooms in a wing separated from the living quarters.”

Buyers also loved the lifestyle associated with the location. “We are on the lake, Martin Goodman Trail and three yacht clubs: Mimico, Etobicoke and Humber sailing school,” says Ms. Bossio, who also resides in the complex.

“Grand Harbour – the furthest development west on the Park Lawn/Lake Shore strata – overlooks the yacht clubs and many residents’ own boats.”

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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