Jordan Prussky/Supplied
3600 Yonge St., No. 933, Toronto
Asking price: $2,680,000 (March, 2024)
Previous asking price: $2,795,000 (January, 2024)
Selling price: $2.4-million (June, 2024)
Previous selling price: $739,252 (November, 2000)
Taxes: $13,838 (2023)
Days on the market: 86
Property days on market: 136
Listing agents: Andre Kutyan and Robert Greenberg, Harvey Kalles Real Estate Ltd.
Supplied
The unit boasts an enclosed kitchen and large dining room.Supplied
The action
In a 24-year-old building near the Rosedale and Don Valley golf courses, this 3,167-square-foot unit was listed for roughly four months last year, starting at $3.198-million and eventually dropping to $2.895-million. This year, another agent tried to enticed buyers with lower prices of $2.795-million and, two months later, $2.68-million.
“Whoever purchases this, I’d assume, would spend six-figures to renovate it, so the big draw is the space when you look at the value per square foot,” said agent Andre Kutyan.
One of two entertaining areas with a fireplace.Supplied
“A lot of buyers were empty nesters, so they were a little older and may not have had the appetite to do renovations.”
When an offer came in at $2.4-million, the seller pressed for a closing date weeks later in return.
“Because this was in a corporation name and subject to capital gains tax, it was beneficial for the seller to close quickly before the new capital gains rates came into effect at the end of June,” Mr. Kutyan said.
“Instead of trying to negotiate more on the price, we negotiated on a quick closing because they would have loss the difference anyways if it took longer to sell.”
The den.Supplied
What they got
This two-bedroom plus den suite has four bathrooms, a laundry room and an enclosed kitchen, plus two entertaining areas, both with gas fireplaces, and one with a balcony.
The unit includes two lockers and three parking spots. Monthly fees of $3,311 pay for water, cable, concierge and amenities such as squash courts and a pool.
One of two bedrooms.Supplied
The agent’s take
“There are not many options for high-end or luxury buildings like this,” said Mr. Kutyan.
“The building is on Yonge Street, but we’re facing west to the ravine at the back, so it’s quiet and the vistas are quite beautiful four seasons of the year.”