King and Jarvis

Published Thursday, Feb. 17 2011

205 Frederick St., No. 61, Toronto

ASKING PRICE $299,900

SELLING PRICE $295,000

TAXES $1,827 (2010)

DAYS ON THE MARKET 11

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

THE ACTION: About 20 buyers requested showings for this 655-square-foot residence in the Zen-inspired, Rezen development in the St. Lawrence Market area.

WHAT THEY GOT: Located on the sixth floor of the two-year-old mid-rise, this one-bedroom unit has kitchen cupboards and appliances lined up against one wall and an open area for entertaining and dining, which can also be done on a 80-square-foot balcony.

Valuable essentials include hardwood floors, laundry appliances and a four-piece bathroom, plus an exterior locker.

Each month, $322 is allocated towards the cost of heat and water, as well as maintenance of a gym, yoga studio, party room, rooftop deck and visitor parking.

Local attractions range from shops, restaurants and galleries to office towers, hospitals and subway line.

THE AGENT’S TAKE: “I anticipated it would go rather quickly because … it’s extremely difficult to move into the St. Lawrence neighbourhood in a new building for under $300,000,” says agent Christopher Bibby.

“In that price range, you’re not going to get a balcony most of the time … whereas we did have exterior space, which was quite nice.”