Quick sale for Yorkville condo with a view
PUBLISHED SATURDAY, APRIL 6, 2019
80 Cumberland St., unit 510, Toronto
Asking price: $1.35-million
Selling price: $1.32-million
Previous selling prices: $790,000 (2009); $605,000 (June, 2007); $525,000 (Jan 2007); $490,000 (2005); $421,457 (2002)
Taxes: $4,941 (2018)
Days on the market: Six
Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty
Ownership opportunities are fairly rare in the Maxus building – only three units were sold last year – so the sellers of this three-bedroom corner suite were confident enough to decline a verbal offer in late February. The next day, two bids came in on paper.
“It was the first time in over a decade that a suite in the south-east corner has come up for sale,” agent Christopher Bibby said.
What they got
As with every other unit in the building, this 1,335-square-foot suite has a two-storey plan and luxury finishes.
At its centre is a principal room with 17-foot ceilings, full height windows and access to one of two balconies. In recent years, the sellers installed custom bookcases built around the fireplace, a ladder and glass panelling lining the staircase.
There are three updated bathrooms and all the kitchen and laundry appliances were likewise fairly new. The unit comes with a storage locker and parking.
Monthly fees of $1,305 pay for water and heating, as well as concierge and a gym.
The agent’s take
“There are 73 units in the building … so it’s a really intimate building,” Mr. Bibby said.
“Pretty much every view in the building is becoming obstructed … but that southeast corner is the only open real estate, so there’s little turnover on that side of the building.”
This unit also provides many features of a freehold home. “The thing that’s so special about this space is it’s a three-bedroom and three-bathroom plan, so it worked well for so many people, like families and couples,” Mr. Bibby said.
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