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Strategic pricing helps Liberty Village condo sale

50 LYNN WILLIAMS ST., NO. 511, TORONTO

ASKING PRICE $319,900

SELLING PRICE $315,000

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TAXES $1,874 (2011)

DAYS ON THE MARKET 16

LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty Inc.

The Action: Located in the Battery Park residence in Liberty Village, this one-bedroom suite was due to be listed simultaneously with an identical unit, so it was priced competitively in the low $300,000s. As a result, more than 30 buyers immediately arranged private showings and an offer was presented after two weeks of exposure.

What They Got: Situated in the first high-rise completed in a three-tower complex built by Monarch Group, this 650-square-foot suite has an urban flavour with tile flooring in the U-shaped kitchen and laminate floors in a master suite with a walk-in closet and open living and dining areas with sliding balcony doors.

This six-year-old unit was also provided with a four-piece bathroom and six appliances – including laundry machines – a locker down the corridor and underground parking.

Monthly fees of $362 cover water and heating costs, a round the clock concierge and upkeep of a gym, pool and party room.

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Just down the street there are trendy eateries, shops and 24-hour supermarket, as well as a walkway to a GO train station.

The Agent's Take: "This is probably the [most] sought after condominium building in Liberty Village, based on the facilities, management and floor plans," says agent Christopher Bibby. "There are shared amenities within the complex, like a movie theatre and virtual golf centre in one of the other buildings."

Being in an established building also has its perks. "This one-bedroom unit is 650 square feet, but now you have builders trying to put two bedrooms into almost the same space," Mr. Bibby explains.

The master suite "is huge, with a large walk-in closet, which is something you don't typically see in one-bedroom spaces, and … you could fit a king-sized bed [and still have] enough space on both sides for side tables or a dresser."

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.

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