Right at Home Realty Inc.
530 Indian Grove, No. 711, Toronto
Asking price: $1,895,000 (May, 2024)
Selling price: $1,807,000 (June, 2024)
Previous selling price: $999,346 (July, 2017)
Taxes: $6,982 (2023)
Days on the market: Nine
Listing agent: Paul Johnston, Right at Home Realty
There's plenty of natural light from walls of windows in every room.Right at Home Realty Inc.
This penthouse unit boasts two bedrooms, a den and a terrace wrapped around three sides.Right at Home Realty Inc.
The action
Agent Paul Johnston has sold many units in The Duke, a popular west-end mid-rise building, but few sold as quickly as this penthouse unit with two bedrooms, a den and a terrace wrapped around three sides. Nine days after coming to market in June a buyer was found, though the agreed purchased price was $88,000 below asking.
“The speed of sales in the Junction overall hasn’t been that brisk, and there are suites that have sat for a few weeks or, in a couple of instances, a couple of months, which is probably part and parcel of the overall market,” said Mr. Johnston.
“We felt it would sell quickly, but not quite that quickly, especially because it’s a high watermark in the Junction, and the highest price paid for a resale condo in the area.
“There were other condos in the Junction available, but nothing of this size or the unique nature of it, being a penthouse with three exposures and a really great, city-facing terrace,” Mr. Johnston said.
Sliding doors lead to the terrace from the primary bedroom and separate living and dining areas.Right at Home Realty Inc.
What they got
This nearly 10-year-old unit gets plenty of natural light from walls of windows in every room, including the den. There are sliding doors to the terrace from the primary bedroom and separate living and dining areas.
There’s a high-end Scavolini kitchen and two full bathrooms.
The unit comes with parking and two storage lockers. Monthly fees of $1,009 cover heating.
This unit features a high-end Scavolini kitchen and two full bathrooms.Right at Home Realty Inc.
The agent’s take
“There’s a lack of great, boutique buildings in the Junction, but this is certainly one of them,” said Mr. Johnston.
“The unit was a great space to begin with, but the level of finishes and décor was quite captivating.”