Central Toronto Annex Heritage Building Corner Unit Sells Quickly

212 St. George St., No. 403, Toronto

ASKING PRICE $499,000

SELLING PRICE $528,000

PREVIOUS SELLING PRICE $400,000 (2014)

TAXES $2,781 (2014)

DAYS ON THE MARKET Three

The Action: When agent Dino Capocci bought this two-bedroom corner suite in the Annex, his wife and designer renovated it for long-term living. With only one or two vacancies annually in the heritage building, nine buyers seized the opportunity to take a tour and an offer was tabled shortly after.

What They Got: In the 1980s, a brick residence better known as the Powell House – constructed circa 1907 – was converted to house condominium suites, such as this 1,000-square-foot unit.

Last year, the makeover inside this fourth-floor suite involved the addition of new baseboards and remodelling of the eat-in kitchen and two bathrooms.

Hardwood floors flow throughout the open dining space and living area, which has an exit to a 200-square-foot balcony also accessible from the larger of two bedrooms.

The unit is tied to a parking spot and monthly fees of $1,171, including utilities, cable, a gym and rooftop deck.

The Agent’s Take: “The fact it’s a heritage building is cool,” says Mr. Capocci, citing bevelled French doors in the main lobby as one example. “The unit itself was all modernized and updated … so it was nice with a mix of old and new.”

Editor’s note: Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale prices that are publicly available from government sources. While we try to publish Done Deals as soon as possible after the transaction has occurred, long closings can cause delays.

Read the full post in Globe And Mail