A rush to buy Toronto townhouse

Written by Sydnia Yu | Published in The Globe and Mail
In the Press
October 11, 2012

Published Thursday, Sep. 20, 2012




PREVIOUS SELLING PRICES $338,000 (2007); $305,806 (2006)

TAXES $2,355 (2011)


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

The Action: Earlier this year, agent Christopher Bibby listed a stacked townhouse unit at the Gardens at Queen that received a handful of offers within a few days of exposure. Some buyers were concerned this three-level unit would also spark a bidding war, so six rushed in for a viewing and one immediately placed a high bid before others could act.

What They Got: Just south of Alexandra Park, this stacked townhouse community was developed with a collection of one-to three-storey residences, such as this three-level, corner model with direct street access and 1,200 square feet of indoor and outdoor space.

Though the unit is less than 10 years old, the sellers added style and substance with new lighting, closet organizers, laundry machines and stainless steel appliances, as well as hardwood floors, granite kitchen counters and custom decking on the third-floor terrace equipped with water, gas and power outlets.

The main floor is open concept with living and dining areas off the U-shaped kitchen, however, the second floor is private with two bedrooms and the larger of two bathrooms.

Unit ownership also includes a locker and underground parking. Monthly fees are $421.

The Agent’s Take: “Townhouse condominiums are rarely offered … in the downtown core,” Mr. Bibby said. “For a lot of people trying to get into the freehold market, but can’t afford to get into it, this is a great alternative.”

Inside, the suite’s move-in condition hooked buyers. “My clients did a lot of work to the space, which brought a lot of attention to it,” adds Mr. Bibby., who notes they also gave buyers their patio furniture and plants. “Their rooftop terrace had a southeast view, so you could see the downtown core.”

Editor’s Note: In the Press|Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale price data that is publicly available from government sources. While we try to publish In the Press|Done Deals as soon as possible after the transaction has occurred, long closings can cause delays.

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