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Royal LePage Real Estate Services Ltd.

38 Avoca Ave., No. 1403, Toronto

Asking price: $1,645,000

Selling price: $1,850,000

Story continues below advertisement

Previous selling prices: $855,000 (2005); $590,000 (Sept 1998); $422,699 (April 1998)

Taxes: $6,720 (2018)

Days on the market: Two

Listing agent: Elli Davis, Royal LePage Real Estate Services Ltd.

The action

According to agent, Elli Davis, there is often a lengthy period between vacancies of large units at the Residences of Avoca Vale abutting David A. Balfour Park. So as soon as this two-bedroom corner suite overlooking the 50-acre park was listed in January, one buyer gave the seller a large financial incentive to hand over ownership.

“Supply is very limited of larger units with excellent views,” Ms. Davis said. “Even if someone was looking in other buildings as well, they don’t come up that often.”

What they got

This 1,645-square-foot suite is positioned in the south east corner of a 21-year-old high-rise, so there are picture windows in each room, including the breakfast area in the kitchen. A balcony is also situated off a living room with hardwood floors and a gas fireplace.

Story continues below advertisement

Additional luxuries range from three bathrooms and ensuite laundry machines to a locker and parking spot downstairs.

Monthly fees of $1,474 pay for utilities, cable costs and 24-hour concierge, as well as maintenance of a courtyard, fitness and recreation amenities.

The agent’s take

"It’s a very in desirable building because it’s at Yonge and St. Clair, but this [unit] in particular has unobstructed, south-east views of the city and ravine,” Ms. Davis said.

Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

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