Queens Quay condo’s lack of balcony slows sale

PUBLISHED THURSDAY, OCTOBER 26, 2017

208 QUEENS QUAY W., No. 205, TORONTO

ASKING PRICE $515,000

SELLING PRICE $520,000

TAXES $2,607 (2016)

DAYS ON THE MARKET 42

LISTING AGENT Christopher Bibby, Re/Max Hallmark Bibby Group Realty

The Action: Like many lower-level units within this three-tower complex, this second-floor suite doesn’t have a balcony – a desirable amenity for lakeside condos. This shortcoming may have been behind the lacklustre response from about 40 house hunters over five weeks. But when one offer finally emerged, another quickly followed and a deal was signed by late July.

What They Got: Aside from the den, most of this 765-square-foot unit is bathed in natural light from south-facing windows, from the open living and dining area to a solarium and bedroom separated by sliding glass doors.

There are laminate floors throughout, an updated kitchen, two bathrooms and laundry facilities.

Monthly fees of $508 cover utilities, concierge and recreational facilities, including a rooftop deck.

The Agent’s Take: “It’s not a typical layout in the building because it’s a one-bedroom-plus-den, plus a solarium, but the den was the size of a small bedroom,”agent Christopher Bibby said.

“At the same price point in the building, you’re typically going to get a one-bedroom unit, so the nice thing here is you get a little more square footage as a result of not having a balcony.”

The owner still has access to the outdoors. “There’s an indoor/outdoor combination pool, so you can actually swim outside from the interior portion of the pool in the summer,” Mr. Bibby said.

“And you have access to the ferries to the [Toronto] islands and all the shops and cafés in the [Queens Quay] terminal.”