High Park condo proves to be a hot commodity this summer

PUBLISHED SUNDAY, OCTOBER 21, 2018

70 High Park Ave, No. 702, Toronto

Asking price: $599,900

Selling price: $600,000

Previous selling prices: $436,500 (2015); $226,742 (2005)

Taxes: $2,510 (2018)

Days on the market: Two

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

The action

For the most part, only agents and shoppers actively waiting for High Park condos to hit the market had enough time to tour this two-bedroom suite in July. By the second day, one party paid just $100 more than the $599,900 asking price to secure it.

“There seems to be a lot of demand in High Park, the Junction and Swansea area because it has a residential feel [as] there are not a lot of new developments and the buildings are quite small,” agent Christopher Bibby said.

“[The buyers] had lost out on a couple other units in the area, so they really wanted this space.”

What they got

Just a couple hundred metres north of High Park is the 13-year-old building where this 685-square-foot suite is anchored by an open living and dining area with hardwood floors and sliding balcony doors.

The kitchen was newly updated with cork flooring and stainless-steel appliances, and the main bathroom was converted into a second private ensuite.

There are stacked ensuite laundry machines and the unit also comes with storage locker and a parking spot. Monthly of $506 cover water, heating and use of recently renovated fitness, games, media and party rooms.

The agent’s take

“[The seller] redid the kitchen entirely – like the floors and lighting – and reconfigured the second bedroom and bathroom. So for a compact floor plan, it’s got everything in there,” Mr. Bibby said.

“Plus, it’s a short walk to High Park and the subway.”