No frills Toronto condo competes amid wealth of options.

Written by Sydnia Yu | Published in The Globe And Mail
In the Press
January 29, 2025
35 Raglan Ave. No. 404, Toronto

Asking price: $599,900 (September, 2024)

Previous asking price: $619,900 (May 2024); $629,900 (April, 2024)

Selling price: $575,000 (December, 2024)

Previous selling price: $600,000 (July, 2022)

Taxes: $2,279 (2023)

Property days on market: 232

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

The action

The two-bedroom unit has open living and dining areas with hardwood floors. 

Last year, this two-bedroom unit in a four-storey building near Bathurst Street and St. Clair Avenue West was a challenge to sell on two major fronts: it was lost amid the abundance of alternatives nearby and the building itself lacked some basic amenities that many buyers sought.

“By May/June, inventory started to swell up, and the market started to slow down, so we felt the impact of it,” said agent Christopher Bibby.

“The building was missing some things buyers in the area were looking for. For instance, there were no elevators, so we heard some complaints about climbing four sets of stairs. And there was no exterior space, no parking in the building and no central air conditioning.”

Showings were sporadic, so the price was pared back to $619,900 last spring, and again to $599,900 last fall. Finally, in early December, one buyer negotiated a sale at $575,000.

“It’s not an ideal situation, but not every homeowner has the ability to hold on, rent or wait it out,” Mr. Bibby said.

What they got

The kitchen has tile flooring, ceramic backsplashes and stainless steel appliances.

In 2013, a former rental apartment dating back to the 1960s was converted into condominium suites, like this 826-square-foot unit.

It contains open living and dining areas with hardwood floors, and a kitchen in one corner with tile flooring, ceramic backsplashes and stainless-steel appliances.

The sole bathroom has a four-piece design.

Utility costs are included in monthly fees of $901.

The agent’s take

The building was a former rental apartment that was converted into condominium suites. 

“It’s more of a unique property with a lot of charm and square footage,” Mr. Bibby said.

“The area has so many benefits up and down the street and in striking distance, like Cedarvale and Sir Winston Churchill Park, St. Clair streetcar [line], Loblaws and Wychwood Barns.”

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