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Second-round bid takes Bohemian penthouse Add to ...

1171 QUEEN ST., W., PH 02, TORONTO

ASKING PRICE $879,000

SELLING PRICE $901,000

TAXES $7,064 (2014)

DAYS ON THE MARKET Four

LISTING AGENTS Nancy Jo Biderman and Adeana Axler, Harvey Kalles Real Estate Ltd.

The Action: Fewer than 10 shoppers made their way through this three-bedroom corner penthouse at the Bohemian Embassy before an offer was registered on the third day. Once agent Nancy Jo Biderman informed other visitors, one countered with a stronger bid that was accepted the next morning.

What They Got: On the top floor of a modern, 19-storey building, this 1,640-square-foot suite has 10-foot ceilings, hardwood floors and walls of north and east-facing windows, plus a 350-square-foot terrace accessible from the master bedroom and open living and dining area.

The sellers swapped out some builder’s finishes for upgrades, such as stainless steel appliances, granite counters and a large kitchen peninsula.

Three bathrooms, a locker and parking come with the unit, along with monthly fees of $1,054 for water and heating costs, concierge, fitness, media and party rooms.

The Agent’s Take: “It’s the only three-bedroom and three-bathroom [unit in the building], plus my clients bought a second parking spot,” says Ms. Biderman.

“It has a gourmet kitchen that is larger than most kitchens you’d ever see. It’s more like a home-sized kitchen at Avenue Road and Lawrence.”

Its downtown address won over most buyers. “We got two offers within four days of listing it, and it sold so much over asking, which shows this [unit] will retain its value in the building and in the area,” says Ms. Biderman.

“The gentrification of the area is happening by leaps and bounds.”

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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