Who says you can’t find a good condo for under $500,000 in Toronto? Well, you may find one under $500K, but still pay more than that …
This condo at 16 Yonge St. was listed at $499,000. But after receiving 27 offers (not a typo) — after only seven days on the market — it sold for $586,500.
Even its listing agent, Nancie McLeod, told The Globe And Mail that receiving 27 offers was very unexpected. Given the building’s location and amenities however, potential buyers showed a lot of excitement.
Here are the details for 16 Yonge St., Suite 2407:
Listing agent: Nancie McLeod, Sutton Group Old Mill Realty Inc.
Updated 24th-floor suite
600 square feet
One bedroom plus den
Kitchen with granite counters and stainless-steel appliances.
Storage locker and parking spot
Condo amenities that include an oversized pool
$477 in monthly fees that cover concierge service, use of a tennis court, fitness and party rooms.