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Done Deal, 225 Sackville St., unit 1709, Toronto
Done Deal, 225 Sackville St., unit 1709, Toronto

Bully bids for Regent Park suite help set new price record Add to ...

225 SACKVILLE ST., No. 1709, TORONTO

ASKING PRICE $509,900

SELLING PRICE $575,000

PREVIOUS SELLING PRICE $384,576 (2012)

TAXES $2,635 (2016)

DAYS ON THE MARKET Three

LISTING AGENT Rizwan Malik, Sotheby’s International Realty Canada

The Action: Earlier this year, the Paintbox building at Sackville and Dundas Streets had several suites available for sale, including this two-bedroom corner unit. The sellers vacated the home from 9 a.m. to 9 p.m. for several days to allow for nearly 80 showings. Their reward was a flood of offers.

“The first day, we started receiving bully offers, so I had almost six bully offers on the property before the offer presentation date,” agent Rizwan Malik says. “[The sale] is the highest price recorded for the building for any unit type and it’s not even the largest unit.”

What They Got: A few years ago, the Daniels Corp. helped kick off the redevelopment of Regent Park with this high-rise development, now home to an arts centre, restaurant and hundreds of modern units. Across the street is a large park and the new Regent Park Aquatic Centre.

The two-bedroom, two-bathroom plan is fairly standard with laminate floors, expansive windows and sliding balcony doors off open living, dining and cooking quarters.

Laundry facilities, a locker and parking round out the unit. Each month $581 pays for water, heating, concierge, fitness, games, guest and party rooms.

The Agent’s Take: “The neighbourhood is still in transition and often has a negative stigma associated with it,” Mr. Malik notes. “This unit, coupled with the way that it showed with the furnishings … and the way it was marketed, really helped set a new bar for Regent Park.”

 

 

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