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Rock-bottom entry to a popular Toronto neighbourhood Add to ...

80 CHARLES ST. E., NO. 306, TORONTO

ASKING PRICE $288,000

SELLING PRICE $283,000

TAXES $1,388 (2012)

DAYS ON THE MARKET 17

LISTING AGENTS Cameron Weir and Scott Hanton, Keller Williams Advantage Realty

The Action: Last year, agents Cameron Weir and Scott Hanton sold a couple units in the Waldorf Astoria Lofts.

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This one-bedroom suite was purchased in less than the 21-day average in the eight-storey mid-rise, once 20 groups paraded through the open house and another 15 conducted private tours.

What They Got: The former Waldorf Astoria hotel was built in in the 1960s, but three decades later was converted to house residential condominiums, like this 494-square-foot unit.

Monthly fees of $327 pay for utilities, on-site gym and rooftop deck.

Aside from a renovated bathroom and kitchen with tile floors, a breakfast bar and stainless-steel appliances, this third floor has a typical plan with laminate floors, crown mouldings and pot lights in the master suite and entertaining area, which has a walk-in closet and electric fireplace respectively, plus provisions for a Bose sound system and stacked laundry facilities.

The Agent’s Take: “It’s located at Church and Charles, so you’re a skip and a hop to the subway,” says Mr. Weir, who adds that newly built units nearby are much more expensive.

“At $283,000, to get into that area for that price point – and to have a finished and renovated place – is pretty good.”

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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