Skip to main content

Toronto Real Estate Buyer pays extra $157,500 to push past other bidders for Moss Park condo unit

Keller Williams Realty Solutions

320 Richmond St. E., No. 1103, Toronto

Asking price: $650,000

Selling price: $807,500

Story continues below advertisement

Previous selling prices: $465,000 (2015); $445,000 (Oct. 2012)

Taxes: $2,831 (2018)

Days on the market: Eight

Listing agent: Louis Chaffringeon, Keller Williams Realty Solutions

The action

The buyer outbid other shoppers with a $157,500 markup to secure a deal mid-March.

Keller Williams Realty Solutions

Based on the record of previous sales early this year, this two-bedroom corner suite at the Modern building on Richmond was priced at $650,000 in anticipation of buyers pushing it upwards of $750,000 on the offer date. But one shopper went further, trumping other shoppers with a $157,500 markup to secure a deal mid-March.

“In this market, people don’t really want to compete, even for a nice unit, so as soon as they hear there are more than four offers, so they don’t show up,” said agent Louis Chaffringeon, who was still left with several bidders.

“There was nothing for sale at that time in the building. … So we sold for a bit above $1,000 per square foot, which was a first for the building.”

Story continues below advertisement

What they got

Monthly fees of $557 are allocated for the cost of water, a gym, party room and terrace with a pool.

Keller Williams Realty Solutions

At the southeast corner of a seven-year-old building, this 11th-floor suite has window wall on two sides of the open living area, as well as access to the balcony.

Hidden away are two bathrooms and laundry facilities.

Monthly fees of $557 are allocated for the cost of water, a gym, party room and terrace with a pool. The unit also comes with a storage locker and parking.

The agent’s take

This 11th-floor suite is located at the southeast corner of a seven-year-old building.

Keller Williams Realty Solutions

“It’s one of the nicest newer condos in that area … and it has a striking design and a very wide rooftop terrace with gorgeous views of the downtown skyline,” Mr. Chaffringeon said.

“It’s a gorgeous southeast corner unit with lots of windows, so you have light all day long and two good sized bedrooms, which is ideal for a single person who has company for a week or a couple who want to have a kid.”

Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

Report an error Editorial code of conduct

For sale in this area

View similar listings below. Clicking on the map will take you to the listings below.

Open this photo in gallery: Gallery photo 1
628800.00
#207 -16 YONGE ST, Toronto, Ontario
PURPLEBRICKS
Bedrooms
1
Bathrooms
1
Building Type
Condo/Strata
Property Type
Single Family
Fall In Love W/Soaring 11 Foot Ceilings! Very Practical Layout W/ No Wasted Space.Parking On Same Level As Unit, Never Use The Elevator...Ever! Large Master Bedroom W/ His/Her Closets. Ensuite Bathroom W/ Dual Access Through Main Living Area. Ensuite Laundry. Kitchen W/ Granite Counter.Amenities Include:Gym,Pool,Squash Court.All Utilities Included In Maintenance. Includes Locker Extras Elf's,Fridge,Stove,Dishwasher,Washer/Dryer (id:31729)
Listing ID C4445294
Salesperson RANDALL WEESE
Brokerage PURPLEBRICKS
Open this photo in gallery: Gallery photo 1
688000.00
#703 -70 TEMPERANCE ST, Toronto, Ontario
HOMELIFE BEST-SELLER REALTY INC.
Bedrooms
2
Bathrooms
1
Building Type
Condo/Strata
Property Type
Single Family
Built Year 2016, 661 Sq Ft, 9 Feet Ceiling, Bright Corner Unit, Den With Sliding Glass Doors For 2nd Bedrm, In The Financial District. Brand New Flooring And Freshly Painted!!! View Of City Hall From Balcony, Large Locker Room On Same Floor. Unique Amenities In Building. Walking Distance To First Canadian Place, Tsx, City Hall, Eaton Centre, Tor.Bd Of Trade, Steps To Two Subway Lines. Location Location Location, Move In Condition! Https://Vimeo.Com/337927344**** EXTRAS **** B/I Dishwasher, Stove, Fridge, Microwave Oven, Stacked Washer And Dryer, Under Counter Wine Cooler, All Electric Light Fixtures. Virtual Tour Link: Https://Vimeo.Com/337927344 (id:31729)
Listing ID C4458594
Salesperson QUE HIM WONG
Brokerage HOMELIFE BEST-SELLER REALTY INC.
Open this photo in gallery: Gallery photo 1
568000.00
#509 -22 LEADER LANE, Toronto, Ontario
RE/MAX HALLMARK REALTY LTD.
Bedrooms
1
Bathrooms
1
Building Type
Condo/Strata
Property Type
Single Family
Enjoy The Grand Lobby, Restaurants & Bar Right Downstairs. One Of Only A Few Suites With A Balcony! Well Laid-Out Functional Floor Plan W. No Wasted Space. Luxurious Finishes Incl. 10' Smooth Ceiling, Crown Molding, Wood Floor, Spa Inspired Bathroom & Stunning Kitchen. Steps To The Financial & Entertainment Districts, Ttc & Universities.**** EXTRAS **** Unit Comes With A Locker/Storage Unit. Concierge, Room Service, Cleaning, Dry Cleaning. Laundry In Suite. Professional Grade Appliances Included! Offers Anytime!!! (id:31729)
Listing ID C4414299
Salesperson HARRY CHARILAOU
Brokerage RE/MAX HALLMARK REALTY LTD.
Open this photo in gallery: Gallery photo 1
640000.00
#531 -155 DALHOUSIE ST, Toronto, Ontario
ROYAL LEPAGE MEADOWTOWNE REALTY
Bedrooms
1
Bathrooms
1
Building Type
Condo/Strata
Property Type
Single Family
The Merchandise Building, Stylish, Authentic, Hard Loft Convention, 12 Ft Concrete Ceiling, Tall Kitchen Cabinets With Granite, With Stainless Steel Appliances. Unique Features Include: Lots Of Storage Compartment, Exotic Bathtub With Etched Rooftop. Guest Suites Include In Suite Laundry, Gym, Basketball Court And Salt Water Pool.**** EXTRAS **** Perfect Location, Steps From Ryerson University, Dundas Square, Financial District. Includes: Front Load Washer & Dryer, Parking On 2nd Floor. (id:31729)
Listing ID C4449515
Salesperson HEYAM TAJI
Brokerage ROYAL LEPAGE MEADOWTOWNE REALTY
Open this photo in gallery: Gallery photo 1
1149900.00
#510 -1080 BAY ST, Toronto, Ontario
RE/MAX REAL ESTATE CENTRE INC.
Bedrooms
2
Bathrooms
2
Building Type
Condo/Strata
Property Type
Single Family
**In The Heart Of Toronto** 2 Bedrooms** 2 Washrooms**1 Parking**1 Locker**U Condominiums' Suite**9 Feet Ceiling** 2 Balconies** Abundance Of Natural Light Through Expansive Wide Windows**Kitchens Feature A Generous Island For More Storage** Corian Backsplash** Pre- Finished Engineered 5"" Wide Wood Flooring** Energy-Star Appliances**In-Suite Stacked Washer And Dryer**Walk To A Kaleidoscope Of Trendy Cafes And Fine Restaurants**24 Hour Concierge,**** EXTRAS **** Steps From World-Class Shopping Along Bloor Street, Yorkville And Hazelton Avenues And In The Very Heart Of Canada's Financial District. Walk To A Kaleidoscope Of Trendy Cafes And Fine Restaurants, Ttc @ The Doorstep. (id:31729)
Listing ID C4468856
Salesperson IRSHAD A. KHAN
Brokerage RE/MAX REAL ESTATE CENTRE INC.
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Discussion loading ...

Cannabis pro newsletter