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Sotheby’s International Realty Canada

15 Merchants’ Wharf, No. 238, Toronto

Asking price: $599,000

Selling price: $619,000

Taxes: $2,460 (2019)

Days on the market: Seven

Listing agent: Kimmé Myles, Sotheby’s International Realty Canada

The action

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The unit is the first completed building in a master-planned community in Toronto's East Bayfront.Sotheby’s International Realty Canada

When it first hit the market, this one-bedroom suite at Aqualina at Bayside failed to entice many buyers. But a price drop convinced several parties to make their offers in October.

“We had it listed it at a higher price for about five days," agent Kimmé Myles said, "so we pulled that listing and relisted it at a lower price, under the $600,000 mark.”

“Once we did that, I knew we’d have more activity, and that’s exactly what happened.”

What they got

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The kitchen features sleek two-toned cabinetry.Sotheby’s International Realty Canada

In the first building completed within a master-planned community by Tridel, this 639-square-foot unit is extremely modern with ten-foot ceilings, wide plank floors and sliding doors to a Juliet balcony off the principal room.

The central kitchen features sleek, two-toned cabinetry, quartz counters, a custom island and stainless steel appliances.

Monthly fees of $436 pay for water, 24-hour concierge, a dog wash station, fitness facilities and a rooftop deck with an infinity pool.

The agent’s take

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The building has a rooftop deck with an infinity pool.Sotheby’s International Realty Canada

“It’s one of the last areas along the waterfront to be developed, and there’s been a lot of media attention because of Sidewalk Labs,” Ms. Myles said.

“Plus, this unit was so unique. It’s on the second floor, it had 10-foot ceilings and it’s a really elegant and sophisticated space.”

This unit also has a front-row seat to amenities, such as Sherbourne Common. “In the wintertime, there’s a skating rink, and in the summer, there are all sorts of water features,” Ms. Myles said.

“It also has a view of the lake and you can see the CN Tower, so it’s a stunning view.”

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