Record sale per square foot for two-storey penthouse in King West
PUBLISHED SATURDAY, JULY 6, 2019
15 Stafford St., Ph 8, Toronto
Asking price: $925,000
Selling price: $900,000
Previous selling prices: $459,990 (2013); $388,427 (2008)
Taxes: $3,244 (2018)
Days on the market: 15
Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty
None of the two-storey penthouses at the Wellington on the Park building had come up for sale for the entire first quarter of 2019, so when this one hit the market it was priced slightly high, at $949,000, in early April. With no solid offers after three weeks, the price was dropped to $925,000, which succeeded in drawing an offer, with the deal finalized in May.
“If we had a second bedroom, it would have gone for a lot more [money] because usually people getting close to $1-million want a second bedroom. They’re not looking for a one-bedroom unit,” agent Christopher Bibby said.
“But it was a record sale per square foot for a one-bedroom plus den [unit] in the building, so the seller did well.”
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