88 PARK LAWN RD., NO. 316, TORONTO
ASKING PRICE $449,900
SELLING PRICE $445,000
TAXES $3,191 (2013)
DAYS ON THE MARKET Nine
LISTING AGENT Michele Pedro, Brad J. Lamb Realty Inc.
The Action: This summer, several owners in the new South Beach Condos + Lofts complex were unloading their suites, creating fierce competition for this tenanted, two-bedroom-plus-den unit. Once the price was dropped under $450,000, one buyer stepped up to negotiate a deal.
What They Got: A few years ago, Amexon Development Corp. completed a modern high-rise filled with commercial space and upscale suites, such as this third-floor corner model with a 970-square-foot plan.
The layout is open-concept with a combined living and dining area with dark hardwood floors, walls of southwest-facing windows and sliding doors to a 237-square-foot terrace, plus a U-shaped kitchen with pot lights, granite counters and stainless steel appliances.
Enclosed areas include a den and two bedrooms, including one with a walk-in closet and one of two full bathrooms.
The unit comes with a locker and parking, along with monthly dues of $465 for water and heating.
The Agent's Take: "It's not too far from downtown and if you compared it to a unit downtown price-wise, you wouldn't get as much space [as this]," agent Michele Pedro notes. "It was a corner unit with wraparound windows."
The building is also an attraction for its style, services and recreational facilities, ranging from a squash court to a dog-wash station. "It's called South Beach condo, so they've modelled it with a Miami feel and everything is extravagant," Ms. Pedro notes.
"It has really great amenities, like an indoor and outdoor pool, a huge gym where they do classes, a basketball court and a spa."
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.