318 KING ST. E., NO. 1302, TORONTO
ASKING PRICE $484,900
SELLING PRICE $475,000
TAXES Not available
DAYS ON THE MARKET Six
LISTING AGENT Frank Lardi, Brad J. Lamb Realty Inc.
The Action: In the brand new King East building in the Furniture District, units with one bedroom and a den tend to move more quickly than larger two-bedroom suites. So this one-bedroom plus den unit was scooped up within days this spring.
What They Got: Local realtor and developer Brad Lamb designed a modern building with upscale details, like those in this roughly 790-square-foot unit with floor-to-ceiling windows, exposed concrete ceilings, hardwood floors, stone counters and stainless steel appliances.
The layout is open concept with areas for a den and living and dining area against sliding doors to a 126-square-foot balcony.
A kitchen, two full bathrooms and laundry facilities complete the wet stations of this suite, which also has parking and monthly fees of $500 for water, concierge, meeting, event and guest rooms.
The Agent's Take: "It's a very attractive looking building," says agent Frank Lardi.
"It's in a neighbourhood that's popular today, but still up-and-coming, so there's a lot of room to see growth in equity over time: The Globe and Mail head office is going up very close by and there are several new condo projects going in, including the Canary District."
The developer is also known to favour high-quality form and function as standards. "The layout is very strong and very usable – there's a large living and dining space, which people gravitate towards," Mr. Lardi notes.
"And it has two bathrooms, which is unusual for a one-bedroom plus den, and it has a large balcony with a gas line, which is also unusual in condos since only a select number of buildings in the city offer that."