Sale of the Week: the $1.3-million Yorkville condo that proves newer isn’t necessarily better

Sale of the Week: the $1.3-million Yorkville condo that proves newer isn’t necessarily better

Address: 175 Cumberland Street, Unit 1101
Neighbourhood: Yorkville
Agent: Elizabeth Prada-Cowan, Royal LePage Real Estate Services Ltd., Brokerage

The Property: A renovated condo in the Renaissance Plaza building. At 1,755 square feet, it’s large enough to accommodate both downsizing empty nesters and couples looking to upgrade from a single bedroom.

The History: The unit, roughly 35 years old, was completely upgraded by its renovator sellers, Fresh Home Innovations. They tore down several walls to open up the layout and replaced the hardwood floors in the living room and kitchen with marble and granite, among other things.

The Fate: Out-of-towners bought the condo. They’ll be living alongside a lot of retirees, who enjoy the building’s conservative look and downtown location.

The Sale: The older building proved a tough sell, but ultimately the quality and scale of the reno won out. Unit 1101 received a single offer in 93 days on the market.

By the Numbers:

• $1,300,000
• 1,755 square feet
• 95 per cent list price
• 93 days on the market
• 35 years old, approximately
• 3 bathrooms
• 2 bedrooms
• 1 assigned parking space
• 1 offer