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High Park condo gets five bids, $132,000 over asking price Add to ...




PREVIOUS SELLING PRICE $370,500 (2009); $200,000 (1996)

TAXES $3,077 (2012)


LISTING AGENT Dino Capocci, Royal LePage Real Estate Services Ltd.

The Action: In a high-rise complex north of High Park, a three-bedroom corner suite set a record sale price of $537,000, so agent Dino Capocci listed this three-bedroom version at $519,000 earlier this winter.

Nearly 30 showings were booked prior to the offer date, which concluded with five competing bids and one deal signed for $132,000 more than the asking price.

What They Got: About four years ago, the seller’s spouse – the principal interior designer at Robby Lynn Young and Associates – extensively remodelled this second floor corner suite with a more open layout, two updated bathrooms and hardwood floors, among other things.

Additional luxuries include balconies off the living and dining area and two bedrooms, as well as a laundry room, a storage locker and two-car parking.

Monthly fees of $774 cover utilities, cable and amenities, such as a party room, gym, outdoor pool and tennis court.

The Agent’s Take: “Bigger condos will be in higher demand as the years pass, especially with all the new condos being so small and, in my opinion, cheaply built,” says Mr. Capocci, who adds that units like his are rarely vacant.

“The three-bedroom units that sell for $500,000 are original, they don’t have the opened up walls and custom paint, but we opened it up, put in granite counters that were very modern and new bathrooms.” Everything was new, even the closets had custom organizers put in.”

Outdoor assets also increased his unit’s value. “[Buyers] loved that this has three balconies and they all face green space … so it felt like you still had a yard,” Mr. Capocci adds.

“[Plus] you’re just a walk to the subway, which I think is so important.”

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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