900 Mount Pleasant Rd., No. 508, Toronto
Asking price: $888,000 (September, 2023)
Previous asking price: $998,000 (September, 2023)
Selling price: $918,000 (October, 2023)
Previous selling price: $329,554 (January, 2009)
Taxes: $3,924 (2023)
Property days on market: 22
Listing agent: Belinda Lelli, Royal LePage Real Estate Services Ltd.
This two-bedroom suite with a den came to market in September along with three other almost identical units in a 14-year-old high-rise near Sherwood Park. Though it presented well, visitors to the property, including three repeat guests, failed to break the ice with an offer.
“We had it listed like everybody else at $998,000, but the difference compared to [the] other units is it was all painted and professionally staged, so it looked really nice,” said agent Belinda Lelli.
“I encouraged my client to pivot and try a new strategy, seeing that none of the suites were moving. We in fact had the most showings – 13 in all – but no offers.”
The seller agreed to an eye-catching new price of $888,000, which quickly resulted in seven new tours being booked. Days before the date set aside for reviewing offers, one buyer sealed the deal at $918,000.
“[It] started a little lower, but they came up,” said Ms. Lelli.
“Some units were still on the market because everyone is stubborn.”
What they got
This roughly 1,000-square-foot unit has an open, modern design with nine-foot ceilings, south-facing windows, and a balcony accessible from the primary bedroom and living room.
There’s hardwood flooring in the enclosed den and granite countertops in the U-shaped kitchen.
There are two full bathrooms and stacked laundry machines.
The unit includes a storage locker and parking. Monthly fees of $944 cover water, heating, cable and internet, as well as the use of recreational facilities.
The agent’s take
“Its size is a luxury,” said Ms. Lelli. “It feels like a nice, small bungalow; it’s really well laid out.”
“It’s a really nice neighbourhood. You can literally walk across the street to Sherwood Park, and everyone is there with their kids and dogs.”