100 QUEBEC AVE., NO. 501, TORONTO
ASKING PRICE $499,000
SELLING PRICE $551,000
TAXES $3,044 (2013)
DAYS ON THE MARKET Eight
LISTING AGENT Dino Capocci, Royal LePage Real Estate Services Ltd.
The Action: This High Park high-rise has been the focus of much buyer interest recently. Agent Dino Capocci sold several suites, including one picked up for $651,000 and another for $605,000 – roughly $132,000 and $106,000 over their respective asking prices – in the past few months.
This March, this three-bedroom corner suite in need of updates was priced under $500,000, which brought in about 200 open house guests and 40 visitors mid-week before a deal was signed on the best of three offers.
What They Got: Mature trees and private tennis courts can be seen from the southeast-facing windows surrounding this fifth-floor suite. There are three balconies, including one off the living and dining area, a second off a bedroom and a third shared between the master suite and eat-in kitchen. The are two full bathrooms and laundry facilities, plus a locker and parking.
Monthly fees of $774 pays for utilities and cable, a gym, pool and party room.
The Agent’s Take: “It’s in an excellent school district, it’s in High Park and it’s affordable,” says agent Dino Capocci, who fielded inquiries from families to empty nesters.
“People are realizing [this building] has bigger units than new condos in Toronto, so they’re getting more space for the dollar and they’re willing to pay for it.”
For instance, there are wait lists for three-bedroom units like this one. “It’s a corner unit, which are rare in there,” Mr. Capocci notes. “Only corner units get three balconies, the rest of the units in the middle of the building have one.”
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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