June 28, 2022

33 Sheppard Ave. E., No. 2011, Toronto

Asking value: $469,000 (November, 2021)

Promoting value: $650,000 (December, 2021)

Earlier promoting value: $468,800 (July, 2018); $344,000 (October, 2016)

Taxes: $1,985 (2021)

Days available on the market: six

Itemizing agent: Andre Kutyan, Harvey Kalles Actual Property Ltd.

The motion

The one-bedroom unit is 596-square ft.The Print Market

In a two-tower apartment improvement throughout from the Yonge Sheppard Centre, this 596-square foot, one-bedroom unit was completely ample for a single skilled when purchased for $468,800 in 2018. However by 2021, the proprietor felt the necessity for a bigger house and was keen to check the market at $470,000

“It is a technique I’ve been utilizing for some condos that’s been working properly for individuals who have purchased in the previous few years,” mentioned agent Andre Kutyan,

“We’re itemizing on the similar value they paid for it, so we’re letting the market decide the place it’s going to go.”

Twelve bids got here in. “Six gives – so half of them – had been $600,000 or higher,” mentioned Mr. Kutyan.

“It’s nearly $1,090 per sq. foot that we obtained for this unit, which is a giant value for Yonge and Sheppard. Historically, you see these costs within the core, but it surely’s slowly transferring its means up [north].”

What they obtained

The unit has an open dwelling and eating space.The Print Market

The apartment has an ordinary format with a central U-shaped kitchen overlooking an open dwelling and eating space and a large balcony.

The unit comes with six new home equipment, in addition to a parking spot. Month-to-month charges of $533 cowl the price of heating, concierge and use of the on-site health club and pool.

The agent’s take

The unit is on the twentieth flooring.The Print Market

“On the twentieth flooring, you’re above the constructing subsequent door, so that you’ve obtained a transparent east view,” mentioned Mr. Kutyan.

“You’re proper in the midst of every part,” he mentioned. “You’ve obtained the Sheppard subway line and the Yonge line there, and on Yonge [Street], you’ve obtained lots of nice retail, an arts centre and library.”

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