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Royal LePage Signature Realty

209 Fort York Blvd., No. 760, Toronto

Asking price: $579,000

Selling price: $581,500

Previous selling price: $249,326 (2011)

Taxes: $2,022 (2019)

Days on the market: 10

Listing agent: Luke Fraser, Royal LePage Signature Realty

The action

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The Neptune building is part of a master-planned community on the site of the former Molson brewery near Toronto's waterfront.Royal LePage Signature Realty

Early this year, properties downtown were commonly priced below market value and listed for a short time to drum up multiple offers on a pre-set date. That strategy was not employed for this one-bedroom-plus-den suite at the Neptune building, yet it still attracted four offers in less than two weeks in late April.

“This unit we ended up selling for about $1,011 per square foot, which had not been done in the Fort York area before. You can find units for about $800 to $950 per square foot on the higher end,” agent Luke Fraser said.

“There was an awesome connection of great presentation with staging and painting, and there was a pair of buyers who had finally found something they had been looking for.”

What they got

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The kitchen area has granite counters and stainless steel appliances.Royal LePage Signature Realty

The Neptune building is one of several in a master-planned community of multiple high-rises built on the site of the former Molson brewery between Fort York and Coronation Park.

This 575-square-foot unit is less than 10 years old, with an open living room, a south-facing balcony and an adjacent cooking space with granite counters, stainless steel appliances and a den off to the side.

Ensuite laundry facilities, a locker and parking are included.

Monthly fees of $454 pay for water, heating, concierge and maintenance of common areas.

The agent’s take

“I liked the open layout … [because] there wasn’t a lot of wasted space,” Mr. Fraser said.

“It had a cool view facing the courtyard and a bit of the lake as well. And it was always a bright unit.”

The building also provides the benefit of a partnership with Airbnb and on-site pool, fitness, media and party rooms. “It’s got five-star amenities,” Mr. Fraser said. “And it has lots of visitor parking, which is a very underrated amenity.”

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