Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Newer Toronto condo sells $29,900 under asking Add to ...

500 SHERBOURNE ST., NO. 1910, TORONTO

ASKING PRICE $549,900

SELLING PRICE $520,000

TAXES $2,904 (2012)

DAYS ON THE MARKET 30

LISTING AGENT Julie Kinnear, Royal LePage Real Estate Services Ltd.

The Action: In an area of St. James Town undergoing revitalization, a two-year-old condominium community offered several units for sale late this summer, including some sold by the builder and others by residents.

More Related to this Story

This two-bedroom, corner suite fell into the latter category, so tours were conducted via a public open house and private appointment.

What They Got: On the 19th floor of a 34-storey highrise, this 978-square-foot suite features modern luxuries with nine-foot ceilings, laminate floors and full-height windows throughout, including a large dining area off the kitchen with a granite-topped island, porcelain floors and stainless steel appliances.

The dining area is conveniently situated between a north-facing bedroom and a northwest-facing living room with access to a 45-square-foot balcony and a west-facing master suite with one of two bathrooms.

Other benefits consist of stacked laundry machines, a locker and parking, plus monthly fees of $477 for heating and water costs, 24-hour concierge, guest suites, rooftop deck, fitness, games and business centres.

The Agent’s Take: “It’s on the large size for your average condo, with two full bedrooms and two full baths,” says agent Julie Kinnear, who notes newer units are usually much smaller than this.

“It had a separate living room that was really big, really comfortable and really nice. It was a really cool and unusual layout. I have never seen a layout exactly like that before.”

Buyers were also fans of the amenities and services in the energy-efficient development. “It was quite a modern building and definitely luxurious,” adds Ms. Kinnear.

“It had good security – for example you had to use your fob to use the elevator – and it had a gorgeous, spectacular lobby.”

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.

 

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories