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Summerhill condo’s rarity sparks quick two-day sale Add to ...

20 SCRIVENER SQUARE, NO. 815, TORONTO

ASKING PRICE $625,000

SELLING PRICE $625,000

TAXES $3,663 (2013)

DAYS ON THE MARKET Two

LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty Inc.

The Action: In an average year, about a dozen units are posted for sale at Thornwood One, but only a couple are smaller models such as this two-bedroom residence. Nearly 20 shoppers took a spin inside and two negotiated with the seller to produce an acceptable offer.

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What They Got: This 815-square-foot unit is a modern, open-concept space with a kitchen island and built-in appliances along one wall by the entrance and an entertainment area along a wall of windows and sliding glass door to a south-facing balcony.

Hardwood floors run throughout, including a master bedroom with a walk-in closet and semi-ensuite bathroom.

A parking spot and a locker come with the unit that owes monthly fees of $551 for water and heating, 24-hour concierge, valet parking, gym, party room and rooftop terrace.

The Agent’s Take: “The turnover in this building is quite low, so there are always buyers waiting in queue for small spaces typically under $1-million since there are a lot of larger units in the building,” agent Christopher Bibby said.

“This one was facing south into a courtyard where there’s landscaping and a fountain, so it’s the quieter side of the building.”

The more than decade-old mid-rise is also a popular destination. “There are no other buildings in the area, so if you want to be at Yonge/Summerhill/Rosedale, this is your only option,” Mr. Bibby said.

“The building backs onto a park with a path going down into the ravine, so … you still have the tranquillity of living in a neighbourhood, but all the conveniences of being two blocks away from the subway, shops that have undergone major renovations in the last few years, restaurants, cafes and grocery stores.”

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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