195 Merton St., No. 601, Toronto
Asking price: $379,000
Selling price: $456,100
Taxes: $2,038 (2017)
Days on the market: Six
Listing agents: Elli Davis and Shawn Venasse, Royal LePage Real Estate Services Ltd.
The action: Bidding wars often ensue over units in this mid-rise building backing onto the Kay Gardner Beltline Park and Trail. For instance, this south-facing unit was especially popular with seven offers in February.
“We had very strong activity on it because there wasn’t a lot on the market. The appeal was the price and location,” agent Elli Davis said. “Under $500,000 in a central building is hard to find these days.”
What they got: This one-bedroom unit has open entertaining quarters outfitted with parquet floors, stained steel appliances in the U-shaped cooking area and a walkout to an L-shaped balcony.
Stacked laundry machines round out the unit, which also comes with a locker and parking. Each month, $481 covers utilities, 24-hour concierge, games, party and fitness rooms.
The agent’s take: “It’s a relatively newer building with good facilities,” Ms. Davis said. “It was a small suite … [however] it had a balcony facing the trees, so it had a quiet exposure.”