Downtown Toronto condo with city views finds a buyer at near asking price

Written by Sydnia Yu | Published in The Globe And Mail
In the Press
November 4, 2022

110 Charles St., E., No. 3507, Toronto

Asking price: $1,198,000 (August, 2022)

Selling price: $1,175,000 (September, 2022)

Previous selling price: $610,000 (February, 2013); $475,315 (February, 2011)

Taxes: $4,209 (2022)

Days on the market: 14

Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty

The 1,063-square-foot unit has an open, airy feel with floor-to-ceiling windows.


The action

An uptick in sales and a decrease in inventory in the area around Church and Wellesley streets emboldened the owners of this two-bedroom-plus-den unit at X Condos to test the market in August. Within two weeks, a bidder came forward with an offer $23,000 under the list price, which was accepted.

“We averaged about one showing a day, so there were 12 people through, which was quite good at the time,” said agent Christopher Bibby. “I had other listings of a similar size that weren’t that busy.”

“We timed it well because I would not want to be on the market today. [October] has been completely different; the last rate hike took a lot of momentum out of the market.”

Both of the unit’s two bedrooms open to the balcony.


What they got

This 1,063-square-foot unit has an open, airy feel with floor-to-ceiling windows and a balcony accessible from the principal room and both bedrooms.

There are two bathrooms, a den and a kitchen with a two-tiered island and stainless steel appliances.

The unit comes with a storage locker and parking. Monthly fees of $818 pay for water and heating, concierge and use of the rooftop terrace and pool.

A den adds more usable space to the condo.


The agent’s take

“It’s a beautiful unit on a higher floor with unobstructed views,” Mr. Bibby said.

“In the area, there are a lot of obstructed views, but we were on the east side building overlooking the Rogers headquarters, the Rosedale Valley with all the trees and vegetation, and then the Danforth.”

“Both bedrooms had windows, which sounds silly, but typically, in a lot of buildings near the Yonge/Bloor corridor, a lot of second bedrooms are interior bedrooms with sliding barn doors and no natural light,” Mr. Bibby said.

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