Buyers bide their time in competition for midtown Toronto suite

Toronto Home Sales News

Buyers bide their time in competition for midtown Toronto suite
Done DealReal EstateNodelphi
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After five weeks with a dozen visitors, a single offer helps to get other bidders to follow suit

This 1,075-square-foot unit has hardwood flooring and an open living and dining area, with a U-shaped kitchen.In a slow market this fall, it took nearly five weeks to get more a dozen visitors through this corner unit with two bedrooms and a den in a two-tower complex across from Eglinton subway station. But as soon as one person made an offer another quickly followed suit, bidding $12,100 over the asking price.

“Each one offers different things, like 2181 Yonge has a nicer gym, and 2191 Yonge has a nicer lobby.”Harvey Kalles Real Estate Ltd.This 1,075-square-foot unit has hardwood flooring and floor-to-ceiling windows, as well as balconies facing south and east off the second bedroom and open living and dining area.The unit comes with parking and a storage locker. Monthly fees of $952 cover heating, 24-hour concierge and use of a pool, dance studio, and yoga and games rooms.“The layout was good.

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