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Suite at 832 Bay St., Toronto. (Stirling Inc.)
Suite at 832 Bay St., Toronto. (Stirling Inc.)

Three competing offers for a corner suite on Bay Street Add to ...

832 BAY ST., NO. 2703, TORONTO

ASKING PRICE

$575,000

SELLING PRICE

$577,000

TAXES

Not yet assessed

DAYS ON THE MARKET

13

LISTING AGENT

Boris Kholodov, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The Action: A makeover of this standard two-bedroom corner suite left buyers with a strong visual impression over other units in the newly completed high-rise, Burano, and surrounding condominiums. As a result, three out of 20 visitors tabled competing offers around the end of April.

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What They Got: On the 27th floor of an Italian-inspired residence incorporating the façade of a historic car dealership at its base, this 843-square-foot condo centres on an open living and dining area surrounded by sliding balcony doors and floor-to-ceiling windows facing north and west.

Modern amenities range from stylish hardwood floors and a granite-topped kitchen peninsula to practical ensuite laundry machines and two full bathrooms, including one off the master bedroom.

A locker and parking completes the suite, which pays $532 in monthly fees for concierge services, a gym, media and party rooms and a rooftop garden and pool. Hydro is extra.

The Agent’s Take: “There were about 100 other units listed in the same price bracket on the Bay Street corridor, which is quite normal,” says agent Boris Kholodov. “This is a tower of glass atop the historic Addison on Bay building, so this has a very interesting statement architecturally for Bay Street.”

The striking style of this suite also spoke to buyers.

“It was professionally staged, which demonstrated to buyers how functional this layout is,” adds Mr. Kholodov. “It’s very common for a unit that is well presented, well-staged and in the right location and right building to generate interest for multiple offers simultaneously.”

 

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