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Done Deal, 2727 Yonge St., unit 515, Toronto
Done Deal, 2727 Yonge St., unit 515, Toronto

Rejected pre-emptive offers wins Lawrence Park Condo Add to ...

2727 YONGE ST., No. 515, TORONTO

ASKING PRICE $1,195,000

SELLING PRICE $1,313,000

PREVIOUS SELLING PRICE $480,677 (1998)

TAXES $5,426 (2015)

DAYS ON THE MARKET Zero

LISTING AGENTS Honey Moore, Royal LePage Real Estate Services Ltd., and Andrea Stark, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The Action: The day it hit the market this spring, about a dozen buyers toured this two-bedroom-plus-den suite at the Residences of Lawrence Park. Before the day was done, a pre-emptive offer had been made. The sellers refused that first offer, but the scheduled offer date was moved up and, although two other bidders came forward, the first offer was still the best of the three.

What They Got: On the upper portion of a mixed-use mid-rise, this 1,879-square-foot unit features several public and private quarters. At its centre is a kitchen with a breakfast area and open dining area, as well as living and fireside family rooms with walkouts to a balcony.

Closer to the entrance is a laundry room, den and one of two bedrooms. The master is the one with a sitting room, walk-in closet and six-piece bathroom, which is twice the size of the other bathroom.

A locker and two-car parking come with the unit, along with monthly fees of $1,544 to cover water, concierge, guest suites, gym, pool, party room and rooftop deck.

The Agent’s Take: “The building is about 20 years old and has aged beautifully,” agent Honey Moore says. “There is some commercial space on the ground floor and the condos are built around a circular atrium.”

This particular unit earned a premium largely based on its east-facing exposure. “Units in the building are selling like hotcakes, especially the larger-size units, which face the back of the building and not Yonge Street,” Ms. Moore adds.

 

 

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