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Re/Max Hallmark Realty Ltd.

530 Lolita Gardens, No. 709, Mississauga

Asking price: $399,900 (March, 2021)

Selling price: $461,000 (March, 2021)

Previous selling price: $320,000 (March, 2019)

Taxes: $1,383 (2020)

Days on the market: six

Listing agent: Jenelle Cameron, Re/Max Hallmark Realty Ltd.

The action

This three-bedroom condo was one of several units that sold in mid-March at or over their asking prices in a 44-year-old high-rise near the Cooksville GO transit station and Square One Mall. There were more than a dozen bids, with the accepted offer coming in $61,100 above the $399,900 price.

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This seventh floor suite had had several recent updates.Re/Max Hallmark Realty Ltd.

“The condo market was all of a sudden getting really strong and we got some looser restrictions, so there was a two-week window that was the best time to sell,” said agent Jenelle Cameron.

“We expected we’d get a few offers, but we got more than I thought. It really showed nicely for that building.”

What they got

This seventh floor suite had had several recent updates, with new laminate and tile flooring, a sleek four-piece bathroom and a remodelled kitchen.

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The remodelled kitchen has an open dining area.Re/Max Hallmark Realty Ltd.

The dining area and adjacent living room feel open and airy with large windows and sliding balcony doors.

“[My clients] had done quite a bit of renovating in the unit and they even tried to make the balcony look pretty with lights and flooring.”

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Bedrooms are pretty spacious.Re/Max Hallmark Realty Ltd.

The unit comes with parking. Monthly fees of $798 cover utilities, cable, and use of an indoor pool and tennis court.

The agent’s take

“They have two [unit] styles – the three-bedroom and two-bedroom – and they’re spacious, but the problem for some people is it does not have ensuite laundry, which is why the price is so low,” said Ms. Cameron.

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Re/Max Hallmark Realty Ltd.

But the building’s location stood in its favour. “It’s pretty central, close to transit and highways,” Ms. Cameron said.

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