Sage Real Estate Ltd.
1238 Dundas St. E., No. 603, Toronto
Asking price: $928,000 (May, 2024)
Selling price: $900,000 (June, 2024)
Previous selling price: $373,566 (June, 2016)
Taxes: $2,878 (2023)
Days on the market: 31
Listing agents: Mary Jo Vradis and Meray Mansour, Sage Real Estate Ltd.
The action
The unit has a linear kitchen with sleek appliances, such as a gas stove.Sage Real Estate Ltd.
Sage Real Estate Ltd.
First-time buyers, downsizers and young professionals slowly trickled through this two-bedroom corner suite at the Taylor residence, a few metres east of Crow’s Theatre at Dundas Street and Carlaw Avenue, during the month of May. There was one early offer, but it soon collapsed. Another offer came through the next month, and, after negotiations, the seller agreed to a bid $28,000 under the asking price.
“There was nothing else listed, very little supply, so we thought it was a good time to put this out,” said agent Mary Jo Vradis.
“The market in general is a lot slower for condos, but the values are still there.”
What they got
There are private outdoor spaces off the primary bedroom and living room.Sage Real Estate Ltd.
This eight-year-old building is home to less than 100 loft-style units. This 725-square-foot model has a nine-foot exposed concrete ceiling, full-height windows in every room and private outdoor spaces off the primary bedroom and living room.
There are two full bathrooms, a laundry closet and a linear kitchen with sleek appliances, such as a gas stove.
There is a storage locker and underground parking. Monthly fees of $606 cover water and heating.
The agent’s take
Sage Real Estate Ltd.
“People generally like low-rise buildings better than high-rises, and there are less of them, so they’re more sought-after,” said Ms. Vradis.
“The location is amazing at Carlaw and Dundas, right by the 24-hour streetcar [line], and you can walk to Queen Street.”
This unit is also unusual, having exposures east and south, plus two different types of entertaining areas outside. “It was a corner unit, so it’s not a typical layout,” Ms. Vradis said.
“It has a huge terrace and a balcony with gas barbecue hookups. It was really nicely situated.”