Real Estate

Bachelor condo sells in 1 day for $65k over asking; $465k

  • Last Updated:
  • Apr 5th, 2019 7:58 pm
10 replies
Deal Addict
Mar 27, 2004
3078 posts
497 upvotes
Toronto
its been hot for a while now.

list price is irrelevant though.
Cash rebate Realtor

Homelife Bayview

President Award 2018
Deal Fanatic
Jul 3, 2011
5130 posts
2269 upvotes
Thornhill
When a similarly sized 4th floor condo and equal maintenance fees in an older building on Parliament can sell for the same price, this seems unspectacular for a unit soaring 53 stories higher in a younger building located in the most desirable part of the financial and entertainment district.
[OP]
Deal Fanatic
Feb 22, 2011
5779 posts
5454 upvotes
Toronto
licenced wrote:
Apr 5th, 2019 9:44 am
When a similarly sized 4th floor condo and equal maintenance fees in an older building on Parliament can sell for the same price, this seems unspectacular for a unit soaring 53 stories higher in a younger building located in the most desirable part of the financial and entertainment district.
Fair enough, I guess I never realized half a million doesn't even get you a bedroom anymore.
Deal Fanatic
Jul 3, 2011
5130 posts
2269 upvotes
Thornhill
mazerbeaner wrote:
Apr 5th, 2019 9:45 am
Fair enough, I guess I never realized half a million doesn't even get you a bedroom anymore.
You can actually still get a 1 bedroom 500-600sf for that or less in several buildings of c1, c2, e1, e2, w1, w2, w3, w4, they just don't pop up often.
Deal Fanatic
May 1, 2012
8223 posts
5504 upvotes
Markham
That ICE condo tower is notorious for AirBnB. That unit would probably be PRIME for AirBnB.

The guy who bought it, if he chooses to do AirBnB, would make fistfuls of cash... all year long.
[OP]
Deal Fanatic
Feb 22, 2011
5779 posts
5454 upvotes
Toronto
Anikiri wrote:
Apr 5th, 2019 12:28 pm
That ICE condo tower is notorious for AirBnB. That unit would probably be PRIME for AirBnB.

The guy who bought it, if he chooses to do AirBnB, would make fistfuls of cash... all year long.
Yea I have a condo very close to there facing the lake. I was getting $3000 a month with very little effort. I didn't even take nice pictures. I did longer stays only so I didn't have to go often.

Also, I really hate that building I am surprised it would sell so fast and well.
Deal Addict
Sep 12, 2006
1410 posts
346 upvotes
Looks like they got approx 1k/Sq.ft. which is on par or below pre-construction pricing in the area, while removing all the uncertainty that comes with it. So in that sense, it wasn't a bad deal for the buyer.
Deal Addict
Mar 27, 2004
3078 posts
497 upvotes
Toronto
where are the bears?
Cash rebate Realtor

Homelife Bayview

President Award 2018
Deal Fanatic
Feb 29, 2008
7486 posts
2785 upvotes
mazerbeaner wrote:
Apr 5th, 2019 12:42 pm
Yea I have a condo very close to there facing the lake. I was getting $3000 a month with very little effort. I didn't even take nice pictures. I did longer stays only so I didn't have to go often.

Also, I really hate that building I am surprised it would sell so fast and well.
Building looks cool from the outside but Lanterra is such a cheap builder IMO. Go to any of their buildings. They look cheap and dated on the inside.

This building is in a great location though. Great investment.
Member
Dec 23, 2012
204 posts
145 upvotes
RICHMOND HILL
Saw one go for 70k over list price in a day with a bully offer a month ago, nothing new

Top