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Re/Max Hallmark Realty Ltd.

170 Sumach St., No. 821, Toronto

Asking price: $439,000

Selling price: $518,000

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Previous selling prices: $352,000 (2017); $231,844 (2014)

Taxes: $1,566 (2019)

Days on the market: Seven

Listing agent: Linda Ing-Gilbert, Re/Max Hallmark Realty Ltd.

The action

One Park Place has street-level shops.

Re/Max Hallmark Realty Ltd.

Earlier this summer, a unit at the One Park Place building sold for roughly $470,000, so agent Linda Ing-Gilbert wagered that this one-bedroom suite would attract house hunters priced at $439,000. She never expected more than 120 shoppers would pass through the 466-square-foot space over the course of a week.

“I was hesitant to bring it out in the summer because typically August is a slow time. It’s like selling ice cream in December,” Ms. Ing-Gilbert said.

“We were standing elbow to elbow at the open house – there were a lot of people – then that generated 11 offers. I was pretty stunned by it too, because there was another unit for sale in the building that’s slightly smaller and it’s still sitting there.”

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What they got

One Park Place was built about five years ago and has street-level shops and an extensive collection of recreational amenities, including a squash court.

Floor-to-ceiling windows in the bedroom of this northwest-facing unit overlook the Pam McConnell Aquatic Centre. There is a balcony off the living and dining area.

In recent years, the seller had installed upgraded wood floors, quartz kitchen counters and a waterfall edge-style island with breakfast bar seating and a built-in wine rack.

The unit comes with laundry appliances. Water and heating costs are included in monthly fees of $349.

The agent’s take

“The unit is fully upgraded – it’s not basic builder,” Ms. Ing-Gilbert said.

“There’s a lot of construction happening right there right now, so a lot of other units that may be up for sale – or were – are looking out onto construction for the next few years. But this one looked out onto the rooftop of the aquatics centre and park.”

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