369 Sorauren Ave., No. 316, Toronto
ASKING PRICE $309,900
SELLING PRICE $298,000
PREVIOUS SELLING PRICE $244,432 (2007)
TAXES $1,417 (2009)
DAYS ON THE MARKET 42
LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty Inc.
THE ACTION: To drum up attention for this one-bedroom suite, an agents-only open house was arranged and the price reduced from $309,900 to $299,900.
WHAT THEY GOT: Less than four years ago, this 535-square-foot suite was constructed in the Robert Watson Lofts development with loft-like features.
The open living and dining area has ten-foot ceilings, full-height windows and sliding doors to a 175-square-foot south-facing balcony that can also be reached from the master suite.
Stylish finishes include concrete floors and exposed ductwork throughout, granite kitchen counters and stainless-steel appliances, including a gas stove.
The unit comes with a four-piece bathroom, en suite laundry machines, a locker and parking.
The monthly fee of $301 covers heating costs and upkeep of amenities like the recreation and party rooms.
THE AGENT'S TAKE: "It was a complete package for a first-time buyer," says agent Christopher Bibby. "Not every unit in the building has a full-sized balcony and comes with parking and a locker as well."
Furthermore, the midrise residence is steps from park, public transit, restaurants and galleries. "This is definitely the premier building in that neighbourhood to live in," says Mr. Bibby. "It's walking distance to Roncesvalles … and everybody takes advantage of the Sorauren [farmer's] market next door."