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Older condo building on Don River has space bonus Add to ...




TAXES $1,353 (2013)


LISTING AGENT Nutan Brown, Royal LePage West Realty Group Ltd.

The Action: Late last year, a high-rise on the banks of the Don River had a few units for sale, so this three-bedroom suite was aggressively priced in the low $200,000s. Eight buyers moved through the space before one negotiated a deal.

What They Got: This lower-level unit was built in the 1970s, so to combat signs of aging, it was given a new coat of paint and new light fixtures throughout, as well as tile floors and appliances in the kitchen, which also houses a pantry and laundry facilities.

Social affairs can be carried out in the open living and dining areas with parquet floors and a walkout to a roughly 120-square-foot balcony, while privacy is provided in three bedrooms, including a master suite with a walk-in closet and smaller of two bathrooms.

A locker and parking are allocated to the unit, which has monthly fees of $645 for utilities, cable, security and use of an indoor pool and gym.

The Agent’s Take: “The older buildings always have much larger principal rooms and bedrooms, so the square footage was pretty substantial for a three-bedroom condo, so the per square foot value was terrific,” states agent Nutan Brown, who adds that this building is well maintained.

“Sometimes when it’s an older building, the price point of purchase might be low, but the condo fees are really high, but in this case, they were pretty manageable.”

This unit’s connection to the outdoors was another asset. “This would be one of the largest units and one with a pretty spectacular view of Flemingdon Park and even the Don Valley at a distance,” Ms. Brown said.

“[Plus, the sellers] had a huge balcony, so they had a lot of furniture and pots to grow small trees and shrubs in.”

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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