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Toronto Real Estate Distillery District condo sells for just under asking price

Royal LePage Estate Realty/Royal LePage Estate Realty

39 Parliament St., No. 317, Toronto

Asking price: $699,000

Selling price: $695,000

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Previous selling price: $365,000 (2012); $164,141 (2000)

Taxes: $2,418 (2018)

Days on the market: 10

Co-op agent: Mary Jo Vradis, Royal LePage Estate Realty

The action

The building is just steps from the galleries, restaurants and boutiques of the Distillery District.

Royal LePage Estate Realty/Royal LePage Estate Realty

Late last year, clients of agent Mary Jo Vradis wanted to downsize to a downtown property priced less than $700,000. They inspected two dozen candidates in various neighbourhoods, which made it easy to recognize the value of this one-bedroom-plus-den suite in the Distillery District.

“Very few [units in the area were vacant] over the last year and there wasn’t a lot to compare it to,” Ms. Vradis said. “We happened to be in a multiple[-offer situation] for it, but it was meant to be.”

What they got

The suite feels bright and airy, with a balcony off the living room and picture windows in the den and bedroom.

Royal LePage Estate Realty/Royal LePage Estate Realty

On the south side of a roughly 20-year-old mid-rise – just steps from galleries, boutiques and bistros – this 910-square-foot suite feels bright and airy with a balcony off the living room and picture windows in the den and bedroom.

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Nestled further back off the foyer is the kitchen, an open dining area and a laundry closet with new appliances.

Parking is included. Monthly fees of $573 cover everything from utilities to upkeep of an 11th-floor party room and rooftop deck.

The agent’s take

“It’s right in the heart of the Distillery District, so the location was amazing, and the building was well maintained,” Ms. Vradis said.

“It was an open-concept kind of space, but for the purchaser, it was perfectly fine.”

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