Toronto condo attached to mansion sells quickly

Wednesday, Feb. 15, 2012

28 LINDEN ST., NO. 603, TORONTO

ASKING PRICE $339,900

SELLING PRICE $340,000

TAXES not yet assessed

DAYS ON THE MARKET 17

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

THE ACTION: Only a handful of buyers squeezed in a walk-through of this brand new one-bedroom plus den suite before one visitor quickly penned a strong offer just over the list price.

WHAT THEY GOT: At a condominium community, called James Cooper Mansion, a historic mansion was restored and a high-rise tower constructed to house modern suites, like this sixth floor residence with nine-foot ceilings, laminate wood floors and an open kitchen, living and dining area with a walkout to a balcony.

To conduct more private affairs, there is a den and a master suite with a walk-in closet, along with a four-piece bathroom and en suite laundry facilities.

A monthly fee of $338 get distributed towards water and heating costs, 24-hour concierge and upkeep of a recreation centre with a gym, guest suites, and billiards, media and party rooms.

Rental parking is an extra $125 monthly.

THE AGENT’S TAKE: “One of its best features is that it’s across from the subway at Bloor and Sherbourne,” says agent Christopher Bibby. “The area is still undergoing a bit of gentrification, but this building is probably one of the best newly constructed buildings in that area, so a lot of units sell quickly.”

This unit in particular had universal appeal. “This was the standard one-bedroom plus den layout,” says Mr. Bibby. “It has a totally unobstructed view, which overlooked the Rosedale Valley… Don Valley Parkway, Danforth and Bayview [avenues].”