Re/Max Hallmark Realty Ltd.
530 Lolita Gardens, No. 709, Mississauga
Asking price: $399,900 (March, 2021)
Selling price: $461,000 (March, 2021)
Previous selling price: $320,000 (March, 2019)
Taxes: $1,383 (2020)
Days on the market: six
Listing agent: Jenelle Cameron, Re/Max Hallmark Realty Ltd.
The action
This three-bedroom condo was one of several units that sold in mid-March at or over their asking prices in a 44-year-old high-rise near the Cooksville GO transit station and Square One Mall. There were more than a dozen bids, with the accepted offer coming in $61,100 above the $399,900 price.
This seventh floor suite had had several recent updates.Re/Max Hallmark Realty Ltd.
“The condo market was all of a sudden getting really strong and we got some looser restrictions, so there was a two-week window that was the best time to sell,” said agent Jenelle Cameron.
“We expected we’d get a few offers, but we got more than I thought. It really showed nicely for that building.”
What they got
This seventh floor suite had had several recent updates, with new laminate and tile flooring, a sleek four-piece bathroom and a remodelled kitchen.
The remodelled kitchen has an open dining area.Re/Max Hallmark Realty Ltd.
The dining area and adjacent living room feel open and airy with large windows and sliding balcony doors.
“[My clients] had done quite a bit of renovating in the unit and they even tried to make the balcony look pretty with lights and flooring.”
Bedrooms are pretty spacious.Re/Max Hallmark Realty Ltd.
The unit comes with parking. Monthly fees of $798 cover utilities, cable, and use of an indoor pool and tennis court.
The agent’s take
“They have two [unit] styles – the three-bedroom and two-bedroom – and they’re spacious, but the problem for some people is it does not have ensuite laundry, which is why the price is so low,” said Ms. Cameron.
Re/Max Hallmark Realty Ltd.
But the building’s location stood in its favour. “It’s pretty central, close to transit and highways,” Ms. Cameron said.
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