61 St. Clair Ave. W., No. 1201, Toronto
Asking price: $3,475,000 (July, 2024)
Selling price: $3,475,000 (July, 2024)
Taxes: $12,410 (2024)
Days on the market: Five
Listing agent: Edward Cassidy, Bosley Real Estate Ltd.
The action
This summer, units rotated on and off the market in different circumstances at Granite Place, a more than 40-year-old high-rise community abutting St. Michael’s Cemetery near Yonge Street and St. Clair Avenue. For instance, this three-bedroom unit sold for $3.475-million within days, yet one down the hall hovered at $3.75-million for months.
“This condo was strategically priced … taking into consideration the original condition of the suite,” said agent Edward Cassidy. “My sellers were extremely pleased how quickly it sold, especially in such a difficult market.
“There was a unit on the same floor with a similar size that was on the market for 100 days.”
Mr. Cassidy sought to market the property by highlighting its premium size and south-facing views.
“I wanted the unit to be professionally staged and cleaned because, especially in that end of the market, you don’t get a second chance to make a good first impression,” Mr. Cassidy said.
What they got
This suite has more than 2,500 square-feet of living space. Two balconies have multiple entry points, from the primary bedroom to the eat-in kitchen.
There are open living and dining areas, three bathrooms and laundry facilities.
The unit comes with a storage locker and two parking spots. Monthly fees of $3,103 cover utilities, 24-hour concierge and use of an indoor pool.
The agent’s take
“The target audience was a buyer who was downsizing from a large, multilevel home who wanted the spaciousness and feel of a home all on one level,” said Mr. Cassidy.
“The location is very appealing; steps to the subway, shopping and restaurants.”