169 John St., No. 905, Toronto
Asking price: $637,900
Selling price: $600,000
Previous selling price: $415,788 (2007)
Taxes: $3,735 (2009)
Days on the market: 57
Listing agent: Harman Atkins, HomeLife/Cimerman Real Estate Ltd.
The initial asking price for this two-bedroom suite deterred some buyers from submitting an offer, though many recognized its downtown location would warrant a premium.
"It's a high demand neighbourhood," says agent Harman Atkins, highlighting the proximity of popular boutiques, restaurants and pubs on Queen Street West, as well as theatres, night clubs and major event venues.
"It's a stone throw's to all the best shopping and entertainment that neighbourhood offers."
The relatively new 11-storey residence, called One Six Nine Lofts, is also quite popular with just 45 units.
"A lot of people find that preferable to some of the typical high-rise developments."
This 1,250-square-foot unit is larger than most, situated on the ninth floor with an open concept layout, sliding bedrooms doors and exposed concrete ceilings 10 feet above.
The kitchen overlooks a spacious living and dining area with floor-to-ceiling windows and one of two walkouts to a 145-square-foot balcony.
"It's very conducive for entertaining lots of people," the agent says.
Two full bathrooms, including the master ensuite, and stacked laundry machines complete the space.
The unit also comes with monthly fee of $560 and a parking spot on a key-operated hydraulic lift in the garage.
"It's not very often you see that in the city," Mr. Atkins says. "It's almost like a James Bond movie."