CityPlace condo makes most of competition lag

Written by Sydnia Yu | Published in In the Press|Globe and Mail
In the Press
June 17, 2013

Published Thursday, May. 30, 2013

15 FORT YORK BLVD., NO. 309, TORONTO

ASKING PRICE $289,900

SELLING PRICE $280,000

PREVIOUS SELLING PRICE $243,000 (2009); $122,894 (2008)

TAXES $1,584 (2012)

DAYS ON THE MARKET 10

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

The Action: In the CityPlace` community to the west of Rogers Centre, this one-bedroom suite at N2 Condominiums was one of a few properties for sale late in the winter. Given the lack of competition, over 20 showings were registered and a deal snagged before two full weeks of marketing.

What They Got: On the east side of a highrise less than five years old, this 565-square-foot suite was constructed with ceramic flooring in the kitchen and dining area by the front door and hardwood floors in the bedroom and open living room with floor-to-ceiling windows and balcony doors.

To keep things clean, there is a four-piece bathroom and laundry machines.

Monthly fees of $252 covers heating, water and amenities, including a spa, pool, gym, party room and theatre.

The Agent’s Take: “For most one-bedrooms, it’s not typical to have a living and dining area. Typically, it’s just a living area and you’re eating at the breakfast bar or in front of the TV,” says agent Christopher Bibby. “[Plus] a lot of one-bedrooms typically have carpeting in the bedroom, but this had hardwood floors throughout, so it was a really attractive space.”

Buyers were also impressed by what they saw beyond the unit. “Even though we’re on the third floor, you could see the CN Tower and overlook a landscaped courtyard, so that was one of the most attractive features,” Mr. Bibby adds. “The amenities are extensive and probably among the best in the city.”

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