Condo of the Week: $550,000 for a co-op apartment with a beach view
Address: 15-21 Glenfern Avenue, Unit 31
Neighbourhood: The Beach
Agent: Scott Lyall, Re/Max Hallmark Realty Ltd., Brokerage
Price: $549,000
The place: A third-floor apartment with a cottage-country feel. It’s located in a well-maintained co-op building (so, yes, “Condo of the Week” is a bit of a misnomer this time) that’s just a Frisbee toss from Balmy Beach.
The history: The building dates to the early 20th century. Things have been pretty quiet in the area ever since the Scarboro Beach Amusement Park’s log ride and roller coaster shut down in 1925, and Glenfern residents have sought to keep it that way. The co-op now has a strict “no renters” rule.
Big selling point: There’s a close-up view of Lake Ontario from every room of the apartment, making the horns and sirens of downtown feel nearly as far away as they do from Lake Rosseau. In fact, the current owners treated this place as their “cottage.” Their main residence is just west of Bathurst Street.
Possible deal breaker: Undivided co-ownerships have more restrictions than condos (no renters, for example), which can make them trickier to finance. Still, that lack of flexibility tends to translate into discounts, which may explain why the million-dollar view here is on offer for about half that.
By the numbers:
• $549,900
• 800 square feet
• $761 in monthly fees (includes property taxes)
• 8.5-foot ceilings (approximately)
• 1 bedroom
• 1 bathroom
• 1 sunroom
• 1 parking space
• 0 elevators
- 321750
- The building dates to the turn of the 20th century.
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-1-150x150.jpg
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- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-1.jpg
- 1200
- 800
- https://torontolife.com/real-estate/condo-of-the-week-15-21-glenfern-avenue/slide/toronto-condo-of-the-week-15-21-glenfern-1/
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- 0
- 0
- 321751
- The owners have carved out a little office nook in a corner.
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- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-2.jpg
- 1200
- 800
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- 0
- 0
- 321752
- The living room faces south, toward Lake Ontario.
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- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-3.jpg
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-3.jpg
- 1200
- 800
- https://torontolife.com/real-estate/condo-of-the-week-15-21-glenfern-avenue/slide/toronto-condo-of-the-week-15-21-glenfern-3/
- toronto-condo-of-the-week-15-21-glenfern-3
- 0
- 0
- 321753
- The view back through the living room.
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- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-4.jpg
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-4.jpg
- 1200
- 800
- https://torontolife.com/real-estate/condo-of-the-week-15-21-glenfern-avenue/slide/toronto-condo-of-the-week-15-21-glenfern-4/
- toronto-condo-of-the-week-15-21-glenfern-4
- 0
- 0
- 321754
- The kitchen is quaint, with wood counters and some creative storage solutions.
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-5-150x150.jpg
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-5.jpg
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-5.jpg
- 1200
- 800
- https://torontolife.com/real-estate/condo-of-the-week-15-21-glenfern-avenue/slide/toronto-condo-of-the-week-15-21-glenfern-5/
- toronto-condo-of-the-week-15-21-glenfern-5
- 0
- 0
- 321755
- Here's the bedroom.
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-6-150x150.jpg
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-6.jpg
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-6.jpg
- 1200
- 800
- https://torontolife.com/real-estate/condo-of-the-week-15-21-glenfern-avenue/slide/toronto-condo-of-the-week-15-21-glenfern-6/
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- 0
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- And the bathroom.
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-7-150x150.jpg
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-7.jpg
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-7.jpg
- 1200
- 800
- https://torontolife.com/real-estate/condo-of-the-week-15-21-glenfern-avenue/slide/toronto-condo-of-the-week-15-21-glenfern-7/
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- 0
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- And the sunroom. Not many Toronto apartments have views like this.
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-8-150x150.jpg
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-8.jpg
- https://torontolife.com/wp-content/uploads/2015/08/toronto-condo-of-the-week-15-21-glenfern-8.jpg
- 1200
- 800
- https://torontolife.com/real-estate/condo-of-the-week-15-21-glenfern-avenue/slide/toronto-condo-of-the-week-15-21-glenfern-8/
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- 0
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Address: 15-21 Glenfern Avenue, Unit 31
Neighbourhood: The Beach
Agent: Scott Lyall, Re/Max Hallmark Realty Ltd., Brokerage
Price: $549,000
The place: A third-floor apartment with a cottage-country feel. It's located in a well-maintained co-op building (so, yes, "Condo of the Week" is a bit of a misnomer this time) that's just a Frisbee toss from Balmy Beach.
The history: The building dates to the early 20th century. Things have been pretty quiet in the area ever since the Scarboro Beach Amusement Park's log ride and roller coaster shut down in 1925, and Glenfern residents have sought to keep it that way. The co-op now has a strict "no renters" rule.
Big selling point: There's a close-up view of Lake Ontario from every room of the apartment, making the horns and sirens of downtown feel nearly as far away as they do from Lake Rosseau. In fact, the current owners treated this place as their "cottage." Their main residence is just west of Bathurst Street.
Possible deal breaker: Undivided co-ownerships have more restrictions than condos (no renters, for example), which can make them trickier to finance. Still, that lack of flexibility tends to translate into discounts, which may explain why the million-dollar view here is on offer for about half that.
By the numbers:
• $549,900
• 800 square feet
• $761 in monthly fees (includes property taxes)
• 8.5-foot ceilings (approximately)
• 1 bedroom
• 1 bathroom
• 1 sunroom
• 1 parking space
• 0 elevators
[gallery columns="6" ids="321750,321751,321752,321753,321754,321755,321756,321757"]){kind=link}
Don’t forget that if you need a mortgage for this co-op apartment, banks will not be able to do it. However, as a mortgage agent I have gotten some of my clients mortgages for this before. Contact me if you are interested in getting a mortgage for a co-op! Personally I’ve found these homes to be great deals and wonderful to live in!
Carlos Henao
1-888-872-8838
Mortgage Agent – FSCO # 12509
So much clutter! Dont agents get their clients to tidy up and declutter for photos?
I wouldn’t say there’s a lot of clutter but that bookshelf in the first picture and the clothes piled up on the bedroom shelf should have been attended to. this is a lovely place, and with a bit of tweaking, at no cost to them, it could have been presented so much better. Still this is what a normal, unstaged house looks like. Nice place.
Additional possible deal breaker: the non-stop barking that comes from the sectioned part of the beach dedicated just for dog owners, mere feet away. Shame.
No elevator – 3rd floor – No Thanks.
Its not the dogs its the youth at night when you have the windows open but its a beautiful location with a great view.
This unit is back on the market as of Sept. 08/15.