Photo Daniel Rozak
DONE DEAL
SYDNIA YU, TORONTO
SPECIAL TO THE GLOBE AND MAIL
Published March 5, 2025
71 Charles St. E. #704, Toronto
Asking price: $939,800 (July, 2024)
Selling price: $920,000 (August, 2024)
Previous selling prices: $950,000 (August, 2022); $740,000 (June, 2019)
Taxes: $4,327 (2024)
Days on the market: 37
Listing agent: Keith Gomes, Re/Max Condos Plus Corp.
Buyer’s agent: Sandra Pate, Sage Real Estate Ltd.
The action
The updated kitchen has stone countertops. Photo Daniel Rozak
Agent Sandra Pate can’t recall the last time she didn’t have any properties listed during the fall, so she kept busy helping buyers late last year. One of those clients waited until they had the proceeds from their condominium sale before browsing lofts downtown and modern suites closer to the subway line, shops and services.
“I don’t think any agent would say they had a great year [last year],” Ms. Pate said. “Everybody was down, and in retrospect, I was glad I was really just working with buyers and didn’t have sellers to worry about.
“Knowing how challenging the condo market was, [my client] was not going to buy another one until hers sold and closed.”
Out of 15 options shown to her buyer, this two-bedroom unit near Bloor and Church streets exceeded their expectations, and they were able to bid under the asking price.
“Some years back, even before the craziness of the COVID years, this would have flown off the shelf fairly quickly,” said Ms. Pate.
“The price dictated a ‘Yes’ from [my client], and all else was a bonus. It’s an ideal location … the space was large and the building was well run.”
What they got
This 1,402-square-foot unit has open living and dining areas, an updated kitchen with stone countertops and a primary bedroom with one of the unit’s two full bathrooms.
A storage locker and parking complete the package. Monthly fees of $1,413 cover water and use of an indoor pool and rooftop deck.
The agent’s take
The 1,402-square-foot unit has open living and dining areas. Photo Daniel Rozak
“The unit had been seriously renovated by the previous owner who bought at a higher time,” said Ms. Pate.
“The building has a very good concierge. I hadn’t been in the building for several years, and the concierge recognized me.”
