Cabbagetown corner suite packs added space

Published Thursday, Jun. 02, 2011

225 WELLESLEY ST. E., NO. 414, TORONTO

ASKING PRICE $374,500

SELLING PRICE $360,000

TAXES $2,039 (2010)

DAYS ON THE MARKET 30

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

The Action: This rare two-bedroom corner suite in Cabbagetown was available for viewing to agents attending a private open house event and 40 buyers who requested showings.

What They Got: This fourth floor suite takes up 900-square-feet of space in a corner of a roughly three-year-old building within steps of popular attractions in and around the neighbourhood.

Large windows illuminate the open living room, which has sliding balcony doors, an adjacent dining area, kitchen and bedrooms.

The sellers renovated the two full bathrooms and swapped out builder’s finishes for upgraded laminate floors in nearly every room, granite counters and extended breakfast bar, stainless steel appliances and front loading laundry machines.

A locker and parking are essentials that come with the unit, along with a monthly fee of $315 to cover the cost of heat and water, and upkeep of amenities, like the gym and rooftop deck.

The Agent’s Take: “In some areas downtown … $360,000 will only get you a one bedroom, one den and one bath,” says agent Christopher Bibby.

“It was a southeast corner unit with an unobstructed view… so you can see all the way down to the Distillery District.”