Agent expected two-bedroom unit near Toronto’s Eaton Centre would be challenging to sell due to high monthly fees, ongoing development next door and buyer apprehension
The unit has a modern, open concept kitchen with an island.Agent Christopher Bibby expected this two-bedroom unit near Toronto’s Eaton Centre would be challenging to sell due to high monthly fees of $1,502, ongoing development next door and buyer apprehension after multiple interest rate hikes last year. But the owners weren’t in a rush to let it go. To bring it back to the top of online search results over the winter, it was relisted twice, both times at the same asking price of $769,400.
“New buyers typically like to look at properties that just came on the market and tend to overlook properties that have been listed for over a month,” Mr. Bibby said. “It’s a great unit with great value, so at some point, the market was going to tick back up … so we stuck to our price and were firm in terms of our expectations.”
In March, the seller relented and agreed to drop the asking price by $19,500. Finally, an offer that took the price down by another $19,900 to $730,000 was accepted. “In the fall market, we were seeing little to no activity or interest, and almost overnight, things quickly picked up and we started to see more visitors, which was encouraging,” Mr. Bibby said.This 29-year-old suite has floor-to-ceiling windows and numerous other upgraded features, such as hardwood flooring, two revamped bathrooms and a modern, open concept kitchen with an island.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
East Van artists go downtown in another ParkerArtSalonFor the 7th annual ParkerArtSalon, artists at Parker Street Studios open their doors to the public in a kind of mini\u002DEastside Culture Crawl.
Read more »
Floor crumbling at Prince George's downtown arenaRemoval of ice surface at Kopar Memorial Arena reveals deep divots in concrete; senior lacrosse league forced to move games
Read more »
Toronto opens 84 new 'deeply affordable' supportive housing units downtownThree floors of a former Super 8 hotel in downtown Toronto have been transformed into deeply affordable housing for some of the city’s most vulnerable residents.
Read more »
Detours in downtown St. John’s change yet again
Read more »
Spotlight: Downtown Sudbury welcomes all to enjoy patio seasonThere are many reasons to patronize downtown patios - here are 10!
Read more »
Police release video of man wanted in unprovoked assault on streetcar in downtown TorontoToronto police are looking for a man who allegedly assaulted another man on board a streetcar in the city’s downtown core.
Read more »