Real Estate News

Vacant west-end Toronto condo snapped up in hot market

Real Estate News - Royal York Property Management
Real Estate News

The action

Just north of the Kipling GO and TTC stations, a roughly ten-year-old high-rise complex offered a pair of suites in the low $600,000s in mid-July, but because this two-bedroom corner unit was untenanted, it was much easier to schedule visits for prospective buyers.

“If [buyers] wanted to see the unit in five minutes, we could confirm it because the property was vacant,” said agent Ed Allan.

“[Furthermore], the condominium market is very hot and if it’s reasonably well priced – and this property was – they go right away.”

What they got

This 937-square-foot unit is filled with natural light with windows in both bedrooms and the open den and living and dining area, which also has large balcony doors.

There is a walk-in closet and ensuite bathroom in the master bedroom, and new kitchen and laundry appliances, plus a locker and parking.

Each month, fees of $569 pay for water, heating, concierge and upkeep of party and fitness rooms, the indoor pool and rooftop deck.

The agent’s take

“A two-bedroom condo is very difficult to get, especially in a newer building. Most are bachelors, one-bedroom or one [bedroom] plus dens,” Mr. Allan said.

“It was in very good shape, it was a good size, and ideal for two people.”

The building is also ideally located, despite temporary construction in the area. “It’s literally a three to five-minute walk to the Kipling subway,” Mr. Allan said.

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