8 GLADSTONE AVE., NO. 703, TORONTO
ASKING PRICE $799,000
SELLING PRICE $780,000
PREVIOUS SELLING PRICE $653,894 (2013)
TAXES Not available
DAYS ON THE MARKET 14
LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty Inc.
The Action: In a new boutique mid-rise across from the Gladstone Hotel, this two-bedroom corner penthouse was professionally staged to woo style-savvy buyers. Nearly half of the dozen visitors contemplated whether to make an offer, but one formally registered a bid signed off at $780,000.
What They Got: At the top of the second addition to a three-building development with street-level retailers and pedestrian-friendly walkways, this 1,120-square-foot suite was designed with two levels of living space and an 800-square-foot terrace with south and eastern exposures.
A wall of windows and sliding patio doors brighten the living and dining areas, which had a space the builder left empty for the original owners to install custom cabinetry and built-in appliances, including a gas stove.
The second floor is divided for laundry facilities and two bedrooms, including one containing the largest of three bathrooms.
Conveniences on lower levels include a locker and parking, as well as a party room that is covered by monthly fees of $618. Hydro is extra.
The Agent's Take: "Nothing in either of the buildings – 2 and 8 Gladstone – had gone for sale in this size," says agent Christopher Bibby. "It was a two-level unit with two bedrooms and three bathrooms, so it really felt like a home."
Even the outdoor space was substantial in size and scope. "It has an 800-square-foot terrace, which is larger than most backyards in the city, and you had an unobstructed view into the downtown core," Mr. Bibby said.
"That whole pocket is low-rise retail and mid-rise boutique buildings, so you don't have any high-rises in the neighbourhood."
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.