Condo of the Week: $740,000 to live in a boutique condo in the Junction

Condo of the Week: $740,000 to live in a boutique condo in the Junction


Address: 588 Annette Street, Unit 503
Neighbourhood: Junction Area
Agent: Gelareh Jin, Re/Max Performance Realty Inc., Brokerage
Price: $738,888

The Place: A penthouse in a new, five-storey building a few blocks northwest of High Park.

Big Selling Point: This is a relatively affordable way to live close to the park, where single-family homes are increasingly out of reach for all but the wealthiest buyers. The Bloor West Village shopping district is just a short walk away.

Bragging Rights: The current owner works in the restaurant business, so he made sure the unit was fit to host a dinner party. The kitchen has a gas stove and an extra-wide counter. The dining area fits an eight-seater table.

Possible Deal Breaker: It’s a 15-minute walk to Runnymede subway station, which is a bit of a hike in the winter. There is, however, a parking space included, so there’s the option of driving to work on days when it’s 20 below.

By the Numbers:

• $738,888
• 1,064 square feet
• $355 in monthly maintenance fees
• 250-square-foot terrace
• 9-foot ceilings
• 2 bathrooms
• 1 bedroom
• 1 parking space
• 1 large den