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Liberty Village condo works a pricing strategy Add to ...

43 HANNA AVE., NO. 330, TORONTO

ASKING PRICE $479,900

SELLING PRICE $469,000

PREVIOUS SELLING PRICE $265,505 (2009)

TAXES $2,856 (2013)

DAYS ON THE MARKET 16

LISTING AGENT Anil Khera, Royal LePage West Realty Group Ltd.

The Action: In the Toy Factory Lofts, adjacent to the Liberty Market Village, this one-bedroom plus den loft was priced under $500,000 to lure buyers away from other units listed. A deal was negotiated by the second week once three dozen visitors surveyed the space.

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What They Got: A 817-square-foot section of a former toy factory was converted into an urban condominium with 13-foot ceilings, exposed brick walls and expansive windows along the open living and dining area.

Toward the unit’s centre is a modern Scavolini kitchen with Caesarstone and granite counters and laminate floors, as well as a den and master bedroom.

Supporting elements include a five-piece bathroom, laundry machines, exterior locker and parking on the same level.

Monthly fees of $285 pay for water, heating and a 24-hour concierge, plus a rooftop deck, fitness and party facilities.

The Agent’s Take: “Conversions like the Toy Factory Lofts are pretty special … you can’t replace the post and beams you get in these old building, they have so much charm,” says agent Anil Khera.

“Some updates – like the kitchen, bathroom and flooring – were done at the time of purchase, but in the den [the sellers] put in a built-in desk and shelving unit, so that was a nice feature.”

This loft’s location was ideal in many respects. “It’s a west-facing unit, but you could see south at the right angle, so it was super bright,” Mr. Khera states.

“[With the building] being on the west side of the residential part of Liberty Village is the best part of the area as it’s the least congested and you’re close to the farmers’ market that’s there in the summer.”

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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