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Two-storey King West condo unit sells quickly

Featured on  Globe and Mail March 16, 2016 @ 11:44 am

Posted in: Done Deals, Globe and Mail, King West,

SYDNIA YU | The Globe and Mail | Published Thursday, Mar. 10, 2016

800 KING ST. W, No. 211, TORONTO

ASKING PRICE $415,000

SELLING PRICE $415,000

PREVIOUS SELLING PRICES $325,000 (2009); $280,000 (2007)

TAXES $2,372 (2015)

DAYS ON THE MARKET Two

LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty Inc.

The Action: The sale of another unit in its King West building allowed this one-bedroom-plus-den suite to monopolize the spotlight late last year, when it scored 15 showings and an offer within two days.

What They Got: A 16-year-old mid-rise building is solely composed of two-storey units, such as this south-facing suite that was completely overhauled by its owner with new hardwood floors, two updated bathrooms and stylish kitchen clad with tile, Caesarstone and stainless steel appointments.

Custom decking complements a balcony off the living and dining area with 16-foot ceilings that open to the den and master upstairs.

Out of sight assets include ensuite laundry facilities, locker and parking. The unit has monthly fees of $620 for utilities, fitness, party and recreation facilities.

The Agent’s Take: “The quality of construction of some of the older buildings is superior to the new buildings and you’re getting a lower price per square foot,” agent Christopher Bibby says.

“There’s also a lot of renovations happening in the common areas … so the building [decor] was really being brought up to par with new buildings at King and Bathurst.”

The cosmetic changes to this unit also enhanced its built-in qualities. “My clients basically renovated the space from top to bottom. Nothing in the unit was original … and all the finishes were of such a high calibre,” Mr. Bibby notes.

“[Plus] you do get those extremely high ceilings about 20 feet, so it has a bright, open, airy feel.”