Done Deal: Queen West condo snatched up sight unseen

Done Deal: Queen West condo snatched up sight unseen
  • 11 SOHO ST., NO. 403, TORONTO
  • ASKING PRICE: $879,000
  • SELLING PRICE: $931,000
  • PREVIOUS SELLING PRICE: $599,000 (2007); $324,441 (2003)
  • TAXES: $4,095 (2017)
  • DAYS ON THE MARKET: one
  • LISTING AGENT: Jim Burtnick, Sotheby's International Realty Canada

Jim's listing at 11 Soho St., #403 was featured in the Globe and Mail's Done Deals section today. The two bedroom corner suite in the boutique building "Soho" was sold in a day to a buyer who never even visited the condo! Here is the whole story, originally posted on theglobeandmail.com.


The Action: Around the end of last year, units at Phoebe on Queen took anywhere from a few days to a few weeks before trading hands. But this two-bedroom corner suite was quickly snatched up by a buyer who never set foot inside.

"It sold over asking in multiple offers, unconditional, within a day of it hitting the multiple listing service," agent Jim Burtnick said.

"This shows that the condo market is still leading the way in terms of real estate demand out of all housing types."

windows

What They Got: In a mid-rise building with about 30 units, this 1,165-square-foot suite is anchored by an open kitchen. The dining area and living room has nine-foot ceilings, west-facing windows and terrace doors.

kitchen

Off to the sides are bedrooms and bathrooms. The private master ensuite also has laundry facilities.

master-bedroom

Parking is included. Monthly fees of $738 pay for water, heating, concierge, fitness and party rooms.

The Agent's Take: "This unit was larger than most," Mr. Burtnick said.

"And when these were built about 15 years ago, builders took more care to make decent sized bedrooms and separate them. In newer buildings, they try to fit more in a smaller space and put the bedrooms side by side."

balcony

Originally posted on The Globe and Mail by Sydnia Yu.

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