60 Bathurst St., No. 213, Toronto
Asking price: $600,000 (March, 2021)
Selling price: $723,000 (March, 2021)
Previous selling price: $560,000 (March, 2018); $445,000 (May, 2016); $345,000 (December, 2009)
Taxes: $2,051 (2021)
Days on the market: four
Listing agent: Louis Chaffringeon, Re/Max Hallmark Realty Ltd.
The owners saw the lack of a balcony at this downtown one-bedroom condo as a major drawback with buyers chaffing for outdoor space in pandemic Toronto, so they decided to spend a bit sprucing up the interior. Despite the drawbacks of trying to find appropriate fittings with limited access to stores, they received 10 pre-emptive offers – including many from buyers defeated in bidding wars elsewhere – and sold for $123,000 over asking.
“We sold the unit for $1,107 per square feet, which was the highest price ever per square foot in the building and also a whopping 27 per cent above the price per square foot of the previous sale two months prior,” Mr. Chaffringeon said.
“We got an amazing price for it – way more than what we would have gotten before COVID.”
What they got
When their tenants moved out, the owners of this 653-square-foot condo decided a renovation would raise its resale value. But what might have been a quick remodelling job was unexpectedly prolonged.
“Most Torontonians love the idea of renovations,” said agent Louis Chaffringeon,“ but don’t want to do it.”
“We had to find a faucet that was available, yet looked good, which took us 2½ hours to find one online. Before COVID-19, it would take maybe five minutes.”
Several weeks were spent on the transformation, from new engineered hardwood floors to professional staging.
This space has ten-foot concrete ceilings and walls of windows along the bedroom and principal room. There is an updated bathroom, ensuite laundry and a storage locker.
Monthly fees of $331 cover water and heating.
The agent’s take
“It’s a very unique property in a high demand, boutique-sized, loft building with very little supply,” said Mr. Chaffringeon.
“That specific layout only exists on the second floor and it faces south for very sunny views of a gorgeous row of small houses.”
Building amenities sweetened the package. “They have a rooftop terrace with beautiful views of the CN Tower, a bit of the lake and Stackt [outdoor market] right next to it, and the west side too,” Mr. Chaffringeon said.
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