1177 YONGE ST., NO. 701, TORONTO
ASKING PRICE $649,000
SELLING PRICE $676,000
PREVIOUS SELLING PRICES $475,000 (2003); $455,000 (2002)
TAXES $3,588 (2011)
DAYS ON THE MARKET Two
LISTING AGENT Elli Davis, Royal LePage Real Estate Services Ltd
The Action: Few suites are listed for sale at The Ports, so when the opportunity presents itself, they sell quickly like this two-bedroom penthouse, which was purchased in a bidding war after just two dozen showings in two days.
What They Got: On the top floor of a seven-storey building, this 1,361-square-foot unit features large south-facing windows and hardwood floors in most areas, including a living room with a wood burning fireplace and a dining area with sliding doors to a 100-square-foot balcony, as well as granite floors and stainless steel appliances in the sky lit kitchen.
Other assets include a carpeted master suite with a walk-in closet and entry to one of two full bathrooms, a full sized laundry room, in addition to two lockers and two parking spots.
Utilities are not included in a monthly fee of $1,101, which covers recreation facilities and visitor parking.
The Agent’s Take: “It's a penthouse that had skylights, so it was very bright and had a gorgeous view down Yonge Street, so you can see the CN Tower,” agent Elli Davis said. “It did need some updating, thus the price was more affordable than some of the newer condominium buildings in Toronto.”
Residents of this roughly 30-year-old building also have easy access to desirable amenities. “The building offers 24-hour security, a tennis court, barbecues and tables in the park area on the east side of the building,” adds Ms. Davis. “Its in a residential area, but it’s on the subway line and steps to shops, so it’s well located.”