King West condo bought on-budget for under $500,000

18 Stafford St., No. 310, Toronto

Asking price: $469,000

Selling price: $469,000

Previous selling prices: $255,500 (2008); $124,895 (2004)

Taxes: $1,960 (2017)

Days on the market: Seven

Co-op agents: Pierre Carapetian and Rebecca Dunlop, Re/Max Hallmark Pierre Carapetian Group Realty

THE ACTION

Over the period of a couple of months, a couple of first-time buyers with a half a million-dollar budget looked at almost two dozen properties in their preferred area somewhere south of College Street and between the Don River and Dufferin Street. By March, they picked this one-bedroom suite near Stanley Park.

This 650-square-foot unit has an open living and dining area.

WHAT THEY GOT

This 650-square-foot unit with an open living and dining area is among the smaller units in its roughly 14-year-old building. The hardwood and ceramic floors are new and the interiors get plenty of natural light from full height windows and sliding balcony doors.

Cooking facilities are provided in a U-shaped kitchen and the unit comes with stacked laundry machines. A storage locker is also provided.

Monthly fees of $319 cover water and the use of recreational amenities and a rooftop terrace.

THE AGENT’S TAKE

“It’s close to a park, has easy access to the highway and you’re on the outskirts of King West and a block away from Queen West,” Ms. Dunlop said.

“So it had everything [the buyers] wanted. The location was ideal and the price was ideal.”