766 King St. West, unit 209, Toronto
Asking price: $829,900
Selling price: $825,000
Previous selling prices: $465,000 (2010); $327,000 (2005); $250,000 (2000)
Taxes: $3,209 (2018)
Days on the market: Six
Listing agent: Edwin Brdlik, Toronto Lofts Realty Corp.
In early December, this two-bedroom suite at Tecumseth Lofts had about 50 visitors through its doors, but the price was adjusted to push a buyer to make an offer.
“It was originally priced at $839,900 and reduced to $829,900, because the market has softening and slowing down, particularly in this price range,” agent Edwin Brdlik said.
“There’s just not as much pressure on the market any more.”
What they got
In a 19-year-old building with 28 single- and multi-level lofts, this nearly 1,000-square-foot unit offers a two-storey plan with 10-foot ceilings in the bedrooms upstairs.
The main floor is open concept with the living and dining area by the sliding doors to a terrace and an L-shaped kitchen tucked in a corner with a granite-topped island, maple cabinetry and stainless steel appliances.
Additional assets include two bathrooms and laundry facilities, plus surface parking. Monthly maintenance fees of $678 covers water costs.
The agent’s take
“To be on King Street West and have a two-level, almost 1,000-square-foot unit with parking for that price – given what the market has been doing as of late – it’s still a pretty good deal,” Mr. Brdlik said.
“It also has a nice outdoor terrace with a gas [hookup], nobody above, and it’s on the north side of the building, which is the quiet side versus fronting onto King.”
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