Skip to main content

The Globe and Mail

King West seller rewarded after holding out for better offer

31 NIAGARA ST., TORONTO

ASKING PRICE $649,000

SELLING PRICE $640,000

Story continues below advertisement

TAXES $3,760 (2013)

DAYS ON THE MARKET 74

LISTING AGENTS Mark, Jeff, Norah and Paul Oulahen and Vinay Lakhani, Re/Max Realtron Realty Inc.

The Action: Tridel's Reve building is primarily a collection of modern suites, but this one-bedroom-plus-den residence has its own ground-level entrance, which appealed to 30 shoppers who booked private showings.

Though initial offers were inadequate, the sellers held out for a better offer and accepted one just $9,000 shy of the $649,000 list price.

What They Got: The main entrance into a roughly two-year-old mid-rise is situated off Front Street, but across the rear are a pair of two-storey units with street-level entry from Niagara Street, which is lined with trees and street parking.

Through the front door of this 1,190-square-foot unit is an open living and dining area and a U-shaped kitchen with stainless steel appliances, Caesarstone quartz counters and hardwood floors.

Story continues below advertisement

A floating staircase with glass panels leads up to a master suite with a walk-in closet, balcony and the larger of two bathrooms, as well as an open den and door to a corridor to access the rooftop deck, guest, fitness and party rooms and this unit's parking spot.

Monthly fees are $787, plus utilities.

The Agent's Take: "There are only two townhome units. All the other units are one and two-bedrooms [suites]," says agent Mark Oulahen. "It's a very unique offering because it's over 1,100 square feet and it's a one-bedroom townhouse."

This unit – previously a showroom – also has distinguishing traits indoors and out. "They're not like any other units in the building with a really high-end kitchen. They really dolled them up more than the regular condos," says Mr. Oulahen.

"When you're sitting in your living room, you can look out of your windows, which are huge and tall, and look across to the park. And when you buy groceries, you can park in front of your condo, which is a really rare thing."

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.

Story continues below advertisement

Report an error
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨