Central Toronto Condo Recent Reno Helps Forest Hill Suite Sell Over Asking

616 Avenue Rd., No. 103, Toronto

ASKING PRICE $989,800

SELLING PRICE $1,050,000

PREVIOUS SELLING PRICE $515,000 (2010)

TAXES $3,897 (2014)

DAYS ON THE MARKET 27

The Action: When listed, this three-bedroom-plus-solarium suite was the only available unit in an established mid-rise south of Upper Canada College. About two dozen showings were lined up over the space of a month, yielding two offers. It sold to the better bid of $60,200 over the list price.

What They Got: In recent years, about $200,000 was spent improving the appearance of this third-floor suite, from smooth ceilings and hardwood floors in the living and dining areas to two remodelled bathrooms and a kitchen with ceramic floors and peninsula with built-in appliances and breakfast bar seating.

Enclosed areas of the 1,750-square-foot space include a glass-lined solarium and three bedrooms, including a master with a walk-in closet, as well as laundry facilities.

Other conveniences include two parking spots and monthly fees of $1,750 to pay for water, heating and gym.

The Agent’s Take: “It has superior square footage with three full bedrooms, which made it unique, especially for around $1-million,” says agent Nigel Denham. “There are a few [three-bedroom plans], but ours was one of few renovated completely from top to bottom.”

Buyers were also pleased with this unit’s surroundings. “The proximity to Yonge is quite good – it has an 85 walk score to Yonge and St. Clair – so the subway, commercial shops and restaurants are more available than people think,” Mr. Denham notes.

“[Plus] it has beautiful treetop views of Forest Hill facing west … so you’re kind of in an urban environment, but it doesn’t feel like it in the suite, so it was quite special in that sense.”

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.

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