Jordan Prussky Photography
25 Oxley St., No. 703, Toronto
Asking price: $549,000 (June, 2024)
Selling price: $540,000 (June, 2024)
Previous selling prices: $310,000 (June, 2010); $182,974 (October, 2009)
Taxes: $2,375 (2024)
Days on the market: Five
Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty
The kitchen has stainless steel appliances and a gas range.Jordan Prussky Photography
The action
This one-bedroom suite came to market late in June, joining many other similar properties around King Street and Spadina Avenue. But it had one key feature others lacked; a door on the bedroom, giving the sleeping quarters added privacy.
“In this building, the majority of junior, one-bedroom units, when you walk in, it’s almost like the bedroom is a den or an open-concept bedroom,” said agent Christopher Bibby.
“A lot of units are under 500 square feet, so the fact this was over 580 square feet and had an enclosed bedroom, made the unit more appealing.”
This unit had one key feature others lacked; a door on the bedroom, giving the sleeping quarters added privacy.Jordan Prussky Photography
The unit also came with a modest price tag at $549,000. A dozen visitors toured the space before one buyer made a deal trimming $9,000 off that.
“We were debating whether to go out at a higher price,” Mr. Bibby said. “But based on other units in the building having a lack of success, we felt it wasn’t the market to take any gambles.”
“A lot of deals we’re doing are selling under asking, so people aren’t as shocked anymore.”
What they got
The principal room boasts concrete walls.Jordan Prussky Photography
This 15-year-old unit has a contemporary design with concrete walls and full-height windows in the principal room.
There’s a four-piece bathroom and a kitchen with stainless-steel appliances and a gas range.
Monthly fees of $365 cover the cost of water.
The agent’s take
“The majority of the buildings in the area are towers, so this is a smaller, boutique building,” said Mr. Bibby. “It has a more intimate feel.”
“There are traditional condominiums with a lot more drywall, whereas here, you have a lot of exposed concrete and exposed ducting, so it also has more of an industrial feel.”