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Real Estate West Don Lands townhouse benefits from neighbourhood’s growth

47 Lower River St., Th 103, Toronto

47 Lower River St., Unit 103

ASKING PRICE $619,900

SELLING PRICE $611,000

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PREVIOUS SELLING PRICE $523,363 (2013)

TAXES $3,998 (2014)

DAYS ON THE MARKET 48

LISTING AGENT Robin Pope, Pope Real Estate Ltd.

The Action: Over the past few years, West Don Lands has grown to include new shops, businesses and developments such as River City, where this two-storey townhouse is so different from traditional offerings that it took several weeks to round up roughly 30 suitable potential buyers.

What They Got: In the first phase of a mixed-use, multitower project designed by acclaimed architectural firm Saucier + Perrotte, there is a small collection of townhouses, such as this 1,200-square-foot unit with a street-level front entrance off a 185-square-foot patio and a back door to parking in an above-grade garage.

  • Interior appointments include nine- to 12-foot ceilings, hardwood floors and floor-to-ceiling windows across an open living and dining area, as well as stone kitchen counters and stainless steel appliances along the back wall.
  • Filling out the second floor are a den and two bedrooms, including a master with one of two bathrooms.
  • Monthly condominium fees of $586 pay for the upkeep of amenities, such as guest suites, an outdoor pool, fitness, media and party rooms.

The Agent's Take: "It's a ground-floor unit with a patio – so you walk in off the street, you don't have to walk through the building – so it feels more like living in a house than an apartment," agent Robin Pope says.

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"It's a very nice two-bedroom, two-level townhouse. … It has a very desirable set-up to live that close to downtown in that price range."

But it goes without saying the immediate area is also filled with attractions. "South of there is a big city park, called Corktown Commons," Mr. Pope says.

"[In] under two to three minutes you could be on the King or Queen streetcar and literally be at Yonge in six minutes, so it's a great location. … And it's a 10-minute walk to Riverside, Leslieville and the Distillery."

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