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New unit on a new Toronto park sells for asking price Add to ...

549 KING ST. E., NO. 406, TORONTO

ASKING PRICE $249,900

SELLING PRICE $245,000

PREVIOUS SELLING PRICE $163,617 (2011)

TAXES $1,570 (2013)

DAYS ON THE MARKET 13

LISTING AGENT Robin Pope, Pope Real Estate Ltd.

THE ACTION: About a dozen showings were granted for this one-bedroom suite in the Corktown District complex just down the street from a new 18-acre park, called Corktown Common. Given the absence of comparable suites vacant, this one sold relatively fast within two weeks.

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WHAT THEY GOT: In a unique compound made up of four newer mid-rise buildings, this fourth- floor suite was given a 466-square-foot plan with loft-style characteristics, such as ten-foot ceilings, polished concrete floors and an open living, dining and cooking area along a wall of windows.

Supporting elements include one bathroom and en suite laundry facilities. Monthly dues of $265 pays for use of water, a rooftop garden, gym, media and party rooms spread throughout the complex.

THE AGENT’S TAKE: “The biggest selling feature is that the neighbourhood is going through a huge gentrification,” says agent Robin Pope, who also praises on-site attractions. “[Owners] have access to the amenities in the larger building, but only for the residents here in this building is a really nice roof terrace.”

Like other units, this one has an urban edge. “It has polished concrete floors, large warehouse windows and ten-foot ceilings, which are nice features for a small little space,” Mr. Pope notes.

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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