Toronto Condo Receives 27 Offers After Just One Week On Market

Toronto condo receives 27 offers after just one week on market 16 Yonge Street (Photo courtesy of Google Maps)
16 Yonge Street (Photo courtesy of Google Maps)

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

Two bathrooms

Large windows


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.

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