Two-room suite overlooking Don river in Toronto snapped up with urgency

Written by Sydnia Yu | Published in The Globe and Mail
In the Press
December 15, 2015

Published Thursday, Dec. 10, 2015

1048 Broadview Ave., No. 708

ASKING PRICE $569,900

SELLING PRICE $569,000

TAXES $3,014 (2014)

DAYS ON THE MARKET Four

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

The Action: On the edge of an embankment overlooking Todmorden Mills and the Don Valley river and ravine is a fairly new curvilinear high-rise where smaller units are often available. Hence, there is a sense of urgency among buyers waiting for larger, updated ones, such as this two-bedroom suite that locked in a bid following just 17 showings.

What They Got: Along the southwestern portion of Minto Skyy are floor-to-ceiling windows and a 120-square-foot balcony with sliding doors to open living, dining and cooking quarters anchoring this 1,103-square-foot suite.

In recent years, the decor was redone with a granite-topped island, stainless steel appliances and laminate floors throughout, including two bedrooms, one with entry to one of two bathrooms and the other a built-in desk and Murphy bed.
Parking comes with the unit, which owes $621 monthly for the cost of water, concierge, gym, party room and rooftop deck.
The Agent’s Take: “It’s a very unique building because there are no other condo buildings really within kilometres, so this is really on its own,” agent Christopher Bibby says.

“A lot of the people in the building drive, so it wasn’t really about being within walking distance to anything nearby, although the Danforth is really just a kilometre away.”

This unit’s stunning appearances also scored highly among buyers. “It was a fantastic suite with a completely unobstructed southwest view overlooking the Don Valley and right into the downtown core,” Mr. Bibby states.

“The owners are original owners who … had a designer come in and basically put in a lot of built-ins in the foyer, bedrooms and throughout the kitchen, so there were not a lot of builder’s finishes in there.”

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