36 Lisgar St., No. 216, Toronto
Asking price: $668,000 (September, 2022)
Selling price: $660,000 (September, 2022)
Taxes: $2,363 (2022)
Days on the market: 17
Listing agents: Meray Mansour and Mary Jo Vradis, Rare Real Estate
Agent Meray Mansour worried buyers might avoid this seven-year-old unit for reasons beyond her control, such as rising interest rates and the building’s past entanglement in lawsuits over unfinished construction years ago.
“Since the building has been in better shape, units are selling faster, but because of all the fear in the market, everything is taking longer to sell, so I assumed we’d be on the market for at least three weeks to a month,” Ms. Mansour said.
“There was a unit much nicer than ours on a floor higher that sold for a bit more, but the agent told me it had sold and fallen through three times.”
To better her chances of a sale Ms. Mansour had the roughly 900-square-foot unit professionally staged and priced strategically at $668,000. Six potential buyers toured the space and one ultimately delivered an offer $8,000 short of the amount the sellers requested.
“The [condos] that are selling are really presented well and priced well,” Ms. Mansour said.
“For $660,000, it’s great value for that location at Queen and Dufferin.”
What they got
This two-bedroom suite is in the Edge on Triangle Park building down the street from the popular Drake Hotel. It has floor-to-ceiling windows and sliding balcony doors in the kitchen and primary bedroom.
There are two, four-piece bathrooms and laundry facilities.
Monthly fees of $774 pay for water, heating and concierge.
The property closes November 30.
The agent’s take
“A lot of units in the building are long and narrow, but this is more of a square, so it has a wider and much nicer layout,” Ms. Mansour said.
“It had a balcony, narrow, but long. And in condos, people are really wanting that outdoor space.”