Michael Peart Photography
42 Camden St., No. 203, Toronto
Asking price: $1,398,000 (August, 2024)
Previous asking prices: $1.45-million (February, 2024); $1.495-million (March, 2023)
Selling price: $1.335-million (August 2024)
Previous selling prices: $1.38-million (June, 2021); $439,978 (May, 2006)
Taxes: $5,049 (2023)
Property days on market: 526
Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty
The action
One of two bedrooms.Michael Peart Photography
This two-bedroom suite was listed for sale in the spring of 2023 with an asking price of nearly $1.5-million based on its premium upgrades and a 791-square-foot terrace, an attribute possessed by few other units in other buildings in the neighbourhood around Queen Street West and Spadina Avenue. The seller rejected one early offer and held its price at $1.495-million for months.
“[As for] most unit owners listing in the last year, it’s been a tricky time,” said agent Christopher Bibby.
This 1,219-square-foot suite in an eight-year-old building called Zen Lofts has exposed concrete ceilings and ductwork.Michael Peart Photography
“A lot of the similar-sized units [for sale at the time] just didn’t have the finishes we did or the terrace, so they were asking a lot lower price.”
With the market showing no signs of an uptick, the price was reduced to $1.45-million this year, and then again to $1.398-million. Finally, an offer came in and negotiations ended with a $1.335-million sale.
“[The plan was,] if we hit a certain number, we’d sell. But if we were unsuccessful, we were going to rent it out,” Mr. Bibby said.
“This one took a little longer than we hoped, so the price change in the end is what helped facilitate the sale.”
The kitchen boasts Scavolini finishes.Michael Peart Photography
What they got
This 1,219-square-foot suite in an eight-year-old building called Zen Lofts has exposed concrete ceilings and ductwork and wall-to-wall windows in the bedrooms and living and dining areas.
Recent upgrades include herringbone hardwood flooring and Scavolini finishes in the kitchen and two four-piece bathrooms.
The unit comes with a storage locker and parking. Monthly fees are $1,247 and include the cost of water.
Recent upgrades include herringbone hardwood flooring.Michael Peart Photography
The agent’s take
“It has a brand-new kitchen and bathrooms done by the previous owner, so it had a very high-end, polished aesthetic for the building,” Mr. Bibby said.
“A lot has changed on the street with the Ace Hotel completed recently – that’s a big draw. And the Waterworks [Food Hall] directly across the street just recently opened up – so that was also a big attraction.”