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Word of mouth spurs off-market sale of Annex condo – Globe & Mail, August 24th, 2018

August 24, 2018

217 St. George St., No. 13
(GEORGE AND DUPONT, TORONTO)

ASKING PRICE: $929,000 Selling price: $1.08-million

TAXES: $2,770 (2017)

DAYS ON MARKET: N/A

LISTING AGENT: Sandra Pate, Royal LePa ge Real Estate Services Ltd., Johnston and Daniel Division

 THE ACTION: News that this two bedroom suite in the Annex was coming to market reached an outof-country buyer, who submitted a $1.08-million bid just days before its planned debut at the end of March.

“It wasn’t ever marketed; I was approached by an agent from another company – while we were preparing it for the Multiple Listing Services – who heard that it was coming to market,” agent Sandra Pate said.

“There hadn’t been one available in the complex for quite a while, so pricing was challenging. But, there was a unit across the street that was bigger – but not as nice – and it sold for $1-million.”

WHAT THEY GOT: This two-storey suite with a street-level entrance and 1,245 square feet of living space is in the original section of a former single-family home that has been incorporated into a large condominium with more than 50 units.

On the second floor is a family room with hardwood floors, a balcony and the kitchen with breakfast-bar seating.

The third level has one of two bathrooms and both bedrooms, including one with a walk-in closet. Monthly fees of $507 excludes hydro and cable costs. Parking is included, as well as access to visitor spots.

THE AGENT’S TAKE: “It had the advantage of being in the older part of the building and was a central front suite with a balcony,” Ms. Pate said. “It has a good layout over two levels … it’s almost like a house.”

The property is also pedestrian-friendly. “The best of the city is within a few minutes walk, including all of the great shops and cafés in Yorkville, Bloor Street, the subway, the [Miles Nadal] Jewish Community Centre, U of T, Varsity Stadium, Koerner Hall, Hot Docs cinema, many of the major hospitals and a selection of fantastic museums,” Ms. Pate said.

 

Filed Under: Real Estate News

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