Media

Townhouse near Summerhill station offers low-rise luxuries

August 27, 2016 @ 7:57 pm

Posted in: Done Deals, Globe and Mail,

SYDNIA YU | The Globe and Mail | Published Thursday, Aug. 25, 2016

10 WALKER AVE., No. 110, TORONTO

ASKING PRICE $999,000

SELLING PRICE $1,169,000

PREVIOUS SELLING PRICES $990,000 (2014); $765,000 (2012); $575,513 (2006); $346,500 (2002)

TAXES $5,041 (2015)

DAYS ON THE MARKET Seven

LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty Inc. (now with Re/Max Hallmark Realty Ltd.)

The Action: Just a short stroll from Yonge Street shops, restaurants and the Summerhill subway station is a townhouse complex where this three-storey unit was scheduled for a week of exposure in April. That gave nearly 70 buyers the chance to visit and a handful to get attached enough to submit competing offers.

What They Got: At the perimeters of an over 30-year-old townhouse community is this two-bedroom unit with an entrance off the courtyard, a private patio off the dining area, and north, south and west-facing windows.

Public quarters are spread across three floors, including an updated main floor kitchen with an island, stainless steel appliances and ceramic floors and a second floor family and living room with hardwood floors and a wood burning fireplace. Plus, there is a lower-level recreation room.

Conveniences include three bathrooms – the largest serves the third floor bedrooms – as well as en suite laundry facilities and parking.

Monthly condominium fees of $775 cover water.

The Agent’s Take: “This is the only townhouse complex in that Summerhill area because everything else is freehold,” agent Christopher Bibby says. “So nothing has sold in the complex for two years, so that’s a sign of people enjoying the complex tremendously.”

The home’s setup also suited many locals aiming to downsize, but keep some low-rise luxuries.

“You basically have four full floors, so it feels like a freehold property rather than a lot of those stacked townhouses where you have 1,100 or 1,400 square feet on two floors at either at grade and below-grade levels or second and third levels,” Mr. Bibby notes.

“In most townhouses, you get left and right walls of solid concrete. Whereas here, you basically have natural light coming from three of the four directions.”